REGISTERED NUMBER: 08972373 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

Fifth Space Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,998

1,436

CURRENT ASSETS

Debtors

5

3,630

3,398

Cash at bank

36,596

14,532

40,226

17,930

CREDITORS

Amounts falling due within one year

6

26,191

8,022

NET CURRENT ASSETS

14,035

9,908

TOTAL ASSETS LESS CURRENT LIABILITIES

16,033

11,344

PROVISIONS FOR LIABILITIES

380

273

NET ASSETS

15,653

11,071

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

15,553

10,971

SHAREHOLDERS' FUNDS

15,653

11,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2026 and were signed on its behalf by:

Dr P M Johnston - Director

Mrs J Johnston - Director

1.	COMPANY INFORMATION

Fifth Space Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08972373

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st May 2024

3,223

1,178

4,401

Additions

1,068

245

1,313

At 30th April 2025

4,291

1,423

5,714

DEPRECIATION

At 1st May 2024

2,671

294

2,965

Charge for year

410

341

751

At 30th April 2025

3,081

635

3,716

NET BOOK VALUE

At 30th April 2025

1,210

788

1,998

At 30th April 2024

552

884

1,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

2,726

3,398

Prepayments and accrued income

904

-

3,630

3,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Corporation tax payable

6,081

7,084

Credit Card

506

-

Other Creditors

18,075

-

Directors' current accounts

803

256

Accrued expenses

726

682

26,191

8,022

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

100

100

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

£

Dr P M Johnston and Mrs J Johnston

Balance outstanding at start of year

(256

)

(1

)

Amounts advanced

3,997

34,315

Amounts repaid

(4,536

)

(34,570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(795

)

(256

)

The loan is repayable on demand and no interest was charged during the year.

9.

CONTROL

The ultimate controlling party is Dr P Johnston by virtue of his holding 100% of the voting share capital.