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Company Registration No. 12705980 (England and Wales)
Property Space Enterprise Ltd Unaudited accounts for the year ended 30 June 2025
Property Space Enterprise Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Property Space Enterprise Ltd Company Information for the year ended 30 June 2025
Directors
Kevin Kin Fung Au-Yeung Raymond Yim
Company Number
12705980 (England and Wales)
Registered Office
UNIT 2, BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR ENGLAND
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Property Space Enterprise Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
31,157
41,543
Investment property
5
1,405,000
1,309,735
1,436,157
1,351,278
Current assets
Debtors
6
47,500
125,274
Cash at bank and in hand
26,095
11,417
73,595
136,691
Creditors: amounts falling due within one year
7
(184,870)
(261,367)
Net current liabilities
(111,275)
(124,676)
Total assets less current liabilities
1,324,882
1,226,602
Creditors: amounts falling due after more than one year
8
(1,070,908)
(1,068,452)
Net assets
253,974
158,150
Capital and reserves
Called up share capital
2
2
Revaluation reserve
245,209
142,606
Profit and loss account
8,763
15,542
Shareholders' funds
253,974
158,150
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 17 March 2026 and were signed on its behalf by
Raymond Yim Director Company Registration No. 12705980
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Property Space Enterprise Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Property Space Enterprise Ltd is a private company, limited by shares, registered in England and Wales, registration number 12705980. The registered office is UNIT 2, BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 July 2024
57,643
At 30 June 2025
57,643
Depreciation
At 1 July 2024
16,100
Charge for the year
10,386
At 30 June 2025
26,486
Net book value
At 30 June 2025
31,157
At 30 June 2024
41,543
5
Investment property
2025
£
Fair value at 1 July 2024
1,309,735
Net gain from fair value adjustments
95,265
At 30 June 2025
1,405,000
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Property Space Enterprise Ltd Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
47,500
64,530
Amounts falling due after more than one year
Other debtors
-
60,744
7
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
134,298
219,772
Loans from directors
49,792
40,875
Accruals
780
720
184,870
261,367
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,070,908
-
Other creditors
-
1,068,452
1,070,908
1,068,452
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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