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Company registration number: 12692677
Olimas Space Ltd
Unaudited filleted financial statements
30 June 2025
Olimas Space Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Olimas Space Ltd
Directors and other information

| Directors | Mr Adam Sturmer
|  | Mrs Sophie Sturmer
| Company number | 12692677
| Registered office | 40 Townsend Lane
|  | Harpenden
|  | AL5 2QS
| Accountants | Hicks and Company
|  | Chartered Accountants
|  | Vaughan Chambers
|  | Vaughan Road
|  | Harpenden
|  | AL5 4EE

Olimas Space Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Olimas Space Ltd
Year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Olimas Space Ltd for the year ended 30 June 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Olimas Space Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Olimas Space Ltd and state those matters that we have agreed to state to the board of directors of Olimas Space Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olimas Space Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Olimas Space Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Olimas Space Ltd. You consider that Olimas Space Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Olimas Space Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
20 March 2026
Olimas Space Ltd
Statement of financial position
30 June 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 1,129,837 |  |  |  | 1,129,837 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  |  |  | 1,129,837 |  |  |  | 1,129,837
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 445 |  |  |  | - |  |
Cash at bank and in hand |  |  | 40,071 |  |  |  | 27,991 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  | 40,516 |  |  |  | 27,991 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 673,615) |  |  |  | ( 672,482) |  |
|  |  | ________ |  |  |  | ________ |  |
Net current liabilities |  |  |  |  | ( 633,099) |  |  |  | ( 644,491)
|  |  |  |  | ________ |  |  |  | ________
Total assets less current liabilities |  |  |  |  | 496,738 |  |  |  | 485,346
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 458,952) |  |  |  | ( 458,983)
|  |  |  |  | ________ |  |  |  | ________
Net assets |  |  |  |  | 37,786 |  |  |  | 26,363
|  |  |  |  | ________ |  |  |  | ________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  |  | 37,784 |  |  |  | 26,361
|  |  |  |  | ________ |  |  |  | ________
Shareholders funds |  |  |  |  | 37,786 |  |  |  | 26,363
|  |  |  |  | ________ |  |  |  | ________

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 20 March 2026 , and are signed on behalf of the board by:
Mr Adam Sturmer Mrs Sophie Sturmer
Director Director
Company registration number: 12692677
Olimas Space Ltd
Notes to the financial statements
Year ended 30 June 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 40 Townsend Lane, Harpenden, AL5 2QS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover represents the total value of rent receivable during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | 1,129,837 | 1,129,837 |  |  |  |  |
|  | ________ | ________ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | - | - |  |  |  |  |
|  | ________ | ________ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 June 2025 | 1,129,837 | 1,129,837 |  |  |  |  |
|  | ________ | ________ |  |  |  |  |
| At 30 June 2024 | 1,129,837 | 1,129,837 |  |  |  |  |
|  | ________ | ________ |  |  |  |  |

The investment properties have been valued by the directors at their fair value at 30 June 2024. The historical cost of the properties included above at a value of £1,129,837 was £1,129,837 (2024 - £1,129,837).
6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 445 | -
|  |  | ________ | ________

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | - | 3,604
| Corporation tax |  | 1,810 | -
| Other creditors |  | 671,805 | 668,878
|  |  | ________ | ________
|  |  | 673,615 | 672,482
|  |  | ________ | ________

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

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 458,952 | 458,983
|  |  | ________ | ________

The loans are secured against the company's investment properties.
9. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Adam Sturmer | ( 663,638) | ( 4,227) | ( 667,865) |  |  |
|  | ________ | ________ | ________ |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Adam Sturmer | ( 663,638) | - | ( 663,638) |  |  |
|  | ________ | ________ | ________ |  |  |