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REGISTERED NUMBER: 11935480 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Space For Space Ltd

Space For Space Ltd (Registered number: 11935480)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

Space For Space Ltd (Registered number: 11935480)

Statement of Financial Position

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 827 |  | 339 |  |

Investment property | 5 | 446,000 |  | 452,000 |  |

446,827 |  | 452,339 |  |

CURRENT ASSETS

Cash at bank | 9,966 |  | 7,553 |  |

CREDITORS

Amounts falling due within one year | 6 | 192,211 |  | 191,058 |  |

NET CURRENT LIABILITIES | (182,245 | ) | (183,505 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 264,582 |  | 268,834 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (224,588 | ) | (224,592 | ) |

PROVISIONS FOR LIABILITIES | (7,472 | ) | (8,369 | ) |

NET ASSETS | 32,522 |  | 35,873 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Fair value reserve | 10 | 75,941 |  | 81,044 |  |

Retained earnings | (43,420 | ) | (45,172 | ) |

SHAREHOLDERS' FUNDS | 32,522 |  | 35,873 |  |

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

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

The director acknowledges his 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.

Space For Space Ltd (Registered number: 11935480)

Statement of Financial Position - continued

30 April 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2026 and were signed by:

Mr Simon Richard Jeffery - Director

Space For Space Ltd (Registered number: 11935480)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Space For 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: | 11935480

| Registered office: | 3 Cape Yard

| Wapping

| London

| E1W 3JU

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Computer equipment | - | 25% on reducing balance

| Investment property

| Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Space For Space Ltd (Registered number: 11935480)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Computer

| equipment

£ |

| COST

| At 1 May 2024 | 1,070 |  |

| Additions | 654 |  |

| At 30 April 2025 | 1,724 |  |

| DEPRECIATION

| At 1 May 2024 | 731 |  |

| Charge for year | 166 |  |

| At 30 April 2025 | 897 |  |

| NET BOOK VALUE

| At 30 April 2025 | 827 |  |

| At 30 April 2024 | 339 |  |

Space For Space Ltd (Registered number: 11935480)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 452,000 |  |

| Revaluations | (6,000 | ) |

| At 30 April 2025 | 446,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 446,000 |  |

| At 30 April 2024 | 452,000 |  |

| Investment property situated at 31 Railway Terrace, Treorchy CF42 6LW is under a charge from Aldermore Bank PLC. The charge was created on 28th April 2021.

| Investment property situated at 19 Helena Terrace, Bishop Auckland, DL14 6BP is under a charge from Lendinvest Btl Limited. The charge was created on 27th August 2021.

| Investment property situated at 33 Beaumont Street, Bishop Auckland, Durham, DL14 6BJ is under a charge from Nottingham Building Society. The charge was created on 7th July 2022.

| Investment property situated at 9A Hurworth Street, Bishop Auckland, County Durham, DL14 6HJ is under a charge from The Mortgage Works (UK) PLC. The charge was created on 1st Sepetember 2023.

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2021 | 10,587 |  |

| Valuation in 2022 | 21,486 |  |

| Valuation in 2023 | 32,181 |  |

| Valuation in 2024 | 25,160 |  |

| Valuation in 2025 | (6,000 | ) |

| Cost | 362,586 |  |

446,000 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Other creditors | 192,211 |  | 191,058 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 224,588 |  | 224,592 |  |

Space For Space Ltd (Registered number: 11935480)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 224,588 |  | 224,592 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 224,588 |  | 224,592 |  |

| The loan amounting to £53,288 is secured by the way of charge on the property situated at 31 Railway Terrace, Treorchy CF42 6LW (disclosed as investment property). The charge was created in the name of Aldermore Bank PLC on 28th April 2021.

| The loan amounting to £64,731 is secured by the way of charge on the property situated at 19 Helena Terrace, Bishop Auckland, DL14 6BP (disclosed as investment property). The charge was created in the name of Lendinvest Btl Limited on 27th August 2021.

| The loan amounting to £52,494 is secured by the way of charge on the property situated at 33 Beaumont Street, Bishop Auckland, Durham, DL14 6BJ (disclosed as investment property). The charge was created in the name of Nottingham Building Society on 7th July 2022.

| The loan amounting to £54,075 is secured by the way of charge on the property situated at 9A Hurworth Street, Bishop Auckland, County Durham, DL14 6HJ (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 1st September 2023.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

Space For Space Ltd (Registered number: 11935480)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 May 2024 | 81,044 |  |

| Transfers to/from reserves | (5,103 | ) |

| At 30 April 2025 | 75,941 |  |

11. | RELATED PARTY DISCLOSURES

| The company owes £55,821 (2024: £55,509) to its director, Mr Simon Richard Jeffery who is also a 50% shareholder of the company as at accounting year end date.