4 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04722106 2024-06-01 2025-05-31 04722106 2025-05-31 04722106 2024-05-31 04722106 2023-06-01 2024-05-31 04722106 2024-05-31 04722106 2023-05-31 04722106 core:PlantMachinery 2024-06-01 2025-05-31 04722106 core:MotorVehicles 2024-06-01 2025-05-31 04722106 bus:Director1 2024-06-01 2025-05-31 04722106 core:PlantMachinery 2024-05-31 04722106 core:MotorVehicles 2024-05-31 04722106 core:PlantMachinery 2025-05-31 04722106 core:MotorVehicles 2025-05-31 04722106 core:WithinOneYear 2025-05-31 04722106 core:WithinOneYear 2024-05-31 04722106 core:AfterOneYear 2025-05-31 04722106 core:AfterOneYear 2024-05-31 04722106 core:ShareCapital 2025-05-31 04722106 core:ShareCapital 2024-05-31 04722106 core:RetainedEarningsAccumulatedLosses 2025-05-31 04722106 core:RetainedEarningsAccumulatedLosses 2024-05-31 04722106 core:PlantMachinery 2024-05-31 04722106 core:MotorVehicles 2024-05-31 04722106 bus:SmallEntities 2024-06-01 2025-05-31 04722106 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04722106 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04722106 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04722106 bus:FullAccounts 2024-06-01 2025-05-31 04722106 core:ComputerEquipment 2024-06-01 2025-05-31 04722106 core:ComputerEquipment 2024-05-31 04722106 core:ComputerEquipment 2025-05-31 04722106 core:KeyManagementIndividualGroup1 2024-06-01 2025-05-31 04722106 core:KeyManagementIndividualGroup1 2025-05-31
COMPANY REGISTRATION NUMBER: 04722106

Open Space (Cumbria) Limited

Filleted Unaudited Financial Statements

31 May 2025

Open Space (Cumbria) Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 192,882 | 281,439

Current assets

Stocks | 29,150 |  | 16,355
Debtors | 6 | 11,177 |  | 26,020
Cash at bank and in hand | 18,440 |  | 16,065
| -------- |  | --------
| 58,767 |  | 58,440

Creditors: amounts falling due within one year | 7 | 199,150 |  | 257,108
| --------- |  | ---------
Net current liabilities |  | 140,383 | 198,668
|  | --------- | ---------
Total assets less current liabilities |  | 52,499 | 82,771

Creditors: amounts falling due after more than one year | 8 |  | 64,928 | 126,898

Provisions

Taxation including deferred tax |  | – | 53,473
|  | -------- | ---------
Net liabilities |  | ( 12,429) | ( 97,600)
|  | -------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | ( 12,529) | ( 97,700)
|  | -------- | --------
Shareholders deficit |  | ( 12,429) | ( 97,600)
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Open Space (Cumbria) Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 24 February 2026 , and are signed on behalf of the board by:

Mr J Rook |
Director |

Company registration number: 04722106

Open Space (Cumbria) Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Stables, Great Orton, Carlisle, Cumbria, CA5 6NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Computer equipment | - | 33% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 11 ).
5. Tangible assets

| Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 June 2024 | 871,339 | 131,666 | 798 | 1,003,803
Additions | 22,031 | – | – | 22,031
Disposals | ( 153,564) | – | – | ( 153,564)
| --------- | --------- | ---- | ------------
At 31 May 2025 | 739,806 | 131,666 | 798 | 872,270
| --------- | --------- | ---- | ------------
Depreciation |  |  |  |
At 1 June 2024 | 627,078 | 94,853 | 433 | 722,364
Charge for the year | 55,058 | 9,203 | 266 | 64,527
Disposals | ( 107,503) | – | – | ( 107,503)
| --------- | --------- | ---- | ------------
At 31 May 2025 | 574,633 | 104,056 | 699 | 679,388
| --------- | --------- | ---- | ------------
Carrying amount |  |  |  |
At 31 May 2025 | 165,173 | 27,610 | 99 | 192,882
| --------- | --------- | ---- | ------------
At 31 May 2024 | 244,261 | 36,813 | 365 | 281,439
| --------- | --------- | ---- | ------------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 9,781 | 26,020
Other debtors | 1,396 | –
| -------- | --------
| 11,177 | 26,020
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 8,224 | 27,374
Social security and other taxes | 1,435 | 38,070
Other creditors | 189,491 | 191,664
| --------- | ---------
| 199,150 | 257,108
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 64,928 | 126,898
| -------- | ---------

9. Related party transactions
The company was under the control of Mr J Rook throughout the current and previous year. Mr Rook is the sole director and shareholder. On the balance sheet date the company owed Mr Rook £ 100,598 (2024 - £98,470) and this is included in Other creditors.