Company Registration No. 13351063 (England and Wales)
Open Space Unit Limited
Unaudited accounts
for the year ended 30 April 2025
Open Space Unit Limited
Unaudited accounts
Contents
Open Space Unit Limited
Company Information
for the year ended 30 April 2025
Company Number
13351063 (England and Wales)
Registered Office
C/O Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Open Space Unit Limited
Statement of financial position
as at 30 April 2025
Investment property
932,000
932,000
Cash at bank and in hand
2,459
1,225
Creditors: amounts falling due within one year
(367,928)
(396,221)
Net current liabilities
(346,633)
(381,012)
Total assets less current liabilities
660,467
626,088
Creditors: amounts falling due after more than one year
(470,120)
(502,285)
Net assets
190,347
123,803
Called up share capital
100
100
Profit and loss account
190,247
123,703
Shareholders' funds
190,347
123,803
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2026 and were signed on its behalf by
Kyle Robinson
Director
Company Registration No. 13351063
Open Space Unit Limited
Notes to the Accounts
for the year ended 30 April 2025
Open Space Unit Limited is a private company, limited by shares, registered in England and Wales, registration number 13351063. The registered office is C/O Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are included at cost.
Fair value at 1 May 2024
932,000
Investment Property valuation has been made by the Director on an open market value for existing use basis.
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 May 2024
100
75,000
75,100
Valuation at 30 April 2025
100
75,000
75,100
The company owns 100% of the share capital of Paper Mache Tiger Limited (company number 06715019).
The company owns 35% of the share capital of Ugo Paulon Ltd (company number 13057903).
Open Space Unit Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Accrued income and prepayments
3,516
723
Other debtors
15,320
13,261
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
30,630
22,852
Amounts owed to group undertakings and other participating interests
332,405
371,905
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
470,120
502,285
The mortgage with HSBC is secured with a fixed and floating charge over all of the assets of the company.
9
Transactions with related parties
Open Space Unit Limited owns 100% of the share capital in Paper Mache Tiger Limited (company number 06715019).
At the year end Open Space Unit Limited owed Paper Mache Tiger Limited £332,405 (2024: £371,905).
Open Space Unit Limited owns 35% of the share capital in Ugo Paulon Ltd (company number 13057903).
At the year end Ugo Paulon Ltd owed Opens Space Unit Limited £15,321 (2024: £13,261).
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Average number of employees
During the year the average number of employees was 0 (2024: 0).