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Registered number: 13061389
Weald Space Ltd
Financial Statements
For The Year Ended 31 December 2025
TaxAssist Accountants
11-13 Hockerill Street
Bishops Stortford
Herts
CM23 2DH
Weald Space Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—7

Page 1
Weald Space Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 13061389

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 237,247 |  | 238,808
|  |  | 237,247 |  | 238,808
CURRENT ASSETS
Debtors | 5 | 4,007 |  | 7,526 |
Cash at bank and in hand |  | 7,915 |  | 5,512 |
|  | 11,922 |  | 13,038 |
Creditors: Amounts Falling Due Within One Year | 6 | (211,230 ) |  | (225,886 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (199,308 ) |  | (212,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 37,939 |  | 25,960
PROVISIONS FOR LIABILITIES
Deferred Taxation | 7 |  | (1,377 ) |  | (1,674 )
NET ASSETS |  |  | 36,562 |  | 24,286
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 35,562 |  | 23,286
SHAREHOLDERS' FUNDS |  |  | 36,562 |  | 24,286

Page 1
Page 2
Weald Space Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr John Agass Director | Mr Norman Agass Director
20 March 2026

The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Weald Space Ltd
Statement of Changes in Equity
For The Year Ended 31 December 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 January 2024 | 1,000 | 2,378 | 3,378
Profit for the year and total comprehensive income | - | 20,908 | 20,908
As at 31 December 2024 and 1 January 2025 | 1,000 | 23,286 | 24,286
Profit for the year and total comprehensive income | - | 12,276 | 12,276
As at 31 December 2025 | 1,000 | 35,562 | 36,562

Page 3
Page 4
Weald Space Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Weald Space Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13061389 . The registered office is Weald Bridge Nursery, Kents Lane, North Weald, Essex, CM16 6AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 0%
Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

Page 4
Page 5
Weald Space Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 January 2025 | 230,000 | 18,171 | 5,330 | 253,501
Additions | - | - | 723 | 723
As at 31 December 2025 | 230,000 | 18,171 | 6,053 | 254,224
Depreciation
As at 1 January 2025 | - | 12,238 | 2,455 | 14,693
Provided during the period | - | 1,483 | 801 | 2,284
As at 31 December 2025 | - | 13,721 | 3,256 | 16,977

...CONTINUED
Page 5
Page 6
Weald Space Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 230,000 | 4,450 | 2,797 | 237,247
As at 1 January 2025 | 230,000 | 5,933 | 2,875 | 238,808

Cost or valuation as at 31 December 2025 represented by:

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Total
| £ | £ | £ | £
At cost | 230,000 | 18,171 | 6,053 | 254,224
| 230,000 | 18,171 | 6,053 | 254,224

The company owns an investment property with a fair value of £230,000 as of the balance sheet date. There has been no increase from the previous year's fair value. In accordance with FRS102, the investment property has been accounted for under the Fair Value Model accounting standards. The directors determined the fair value of £230,000, which is unchanged from cost, and this is because the local market for commercial land is stagnate.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,007 |  | 6,526
Due after more than one year
Shareholder unpaid shares | 1,000 |  | 1,000
| 4,007 |  | 7,526

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,472 |  | 1,244
Corporation tax | 3,201 |  | 2,386
VAT | 2,295 |  | 336
Deposit Control | 8,707 |  | 3,857
Accruals and deferred income | 450 |  | 3,127
Directors' loan accounts | 191,435 |  | 211,266
Intercompany Loan - Prestopets Ltd | 3,670 |  | 3,670
| 211,230 |  | 225,886

Page 6
Page 7
Weald Space Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 1,377 |  | 1,674

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

9. Directors Advances, Credits and Guarantees
There are balances owed by the company to the directors on their current accounts as follows:
J A Agass - £117,122 (2024 - £123,211)
N Agass - £74,313 (2024 - £88,055)

| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr John Agass | (123,211 ) | 21,973 | (15,884 ) | - | (117,122 )
Mr Norman Agass | (88,055 ) | 17,259 | (3,517 ) | - | (74,313 )

The above loan is unsecured, interest charged at a market rate and repayable on demand.
10. Related Party Transactions
The controlling parties are John A Agass and Norman Agass by virtue of them owning 100% of the issued ordinary share capital in the company.
An amount of £3,670 included in Creditors relates to amounts due to a limited company with the same directors and shareholders as Weald Space Ltd.
Page 7