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Registered number: 02123762 OPTIONSPACE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 MARCH 2025
OPTIONSPACE LIMITED REGISTERED NUMBER: 02123762 BALANCE SHEET AS AT 28 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 168,699 |  | 175,658
Investments | 5 |  | 414,088 |  | 414,088
|  |  | 582,787 |  | 589,746
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 164,687 |  | 140,482 |
Cash at bank and in hand | 7 | 1,670 |  | 6,296 |
|  | 166,357 |  | 146,778 |
Creditors: amounts falling due within one year | 8 | (296,750) |  | (302,654) |
Net current liabilities |  |  | (130,393) |  | (155,876)
Total assets less current liabilities |  |  | 452,394 |  | 433,870
Creditors: amounts falling due after more than one year | 9 |  | (33,231) |  | -
Net assets |  |  | 419,163 |  | 433,870
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve | 11 |  | 36,019 |  | 36,019
Profit and loss account | 11 |  | 383,044 |  | 397,751
|  |  | 419,163 |  | 433,870
Page 1
OPTIONSPACE LIMITED REGISTERED NUMBER: 02123762 BALANCE SHEET (CONTINUED) AS AT 28 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
T. J. Cowley
Director
Date: 4 March 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 02123762). The address of the registered office is 43 Canning Street, Liverpool, L8 7NN. These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is of property rental and management. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold land and buildings | - | Over 50 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 3 | 3
4. | TANGIBLE FIXED ASSETS
|  | Long-term leasehold property
|  | £
| Cost or valuation |
| At 29 March 2024 | 206,231
| At 28 March 2025 | 206,231
| Depreciation |
| At 29 March 2024 | 30,573
| Charge for the year on owned assets | 6,959
| At 28 March 2025 | 37,532
| Net book value |
| At 28 March 2025 | 168,699
| At 28 March 2024 | 175,658
Page 5
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025 4.TANGIBLE FIXED ASSETS (continued)
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Long leasehold | 168,699 | 175,658
|  | 168,699 | 175,658
5. | Fixed asset investments
|  | Other fixed asset investments
|  | £
| Cost or valuation |
| At 29 March 2024 | 414,088
| At 28 March 2025 | 414,088
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 164,687 | 140,482
|  | 164,687 | 140,482
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,670 | 6,296
|  | 1,670 | 6,296
Page 6
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,444 | -
| Corporation tax | 10,460 | 5,608
| Other creditors | 274,946 | 295,146
| Accruals and deferred income | 1,900 | 1,900
|  | 296,750 | 302,654
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loan <1 year | 9,444 | -
|  | 9,444 | -
| Details of security provided:
The loan is secured over the leasehold - and investment property.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 33,231 | -
|  | 33,231 | -
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loan >1 year | 33,231 | -
|  | 33,231 | -
| Details of security provided:
The loan is secured over the leasehold - and investment property. Page 7
OPTIONSPACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 9,444 | -
| Amounts falling due 1-2 years |  |
| Bank loans | 33,231 | -
|  | 42,675 | -
11. | Reserves
Investment property revaluation reserve Relates to the revaluation of freehold and leasehold property in prior periods. Profit and loss account Retained earnings include all current and prior period retained profits and losses less dividends paid.
Page 8