Lunar Spaces Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 5

Lunar Spaces Ltd

(Registration number: 12989201)
Statement of financial position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,345	2,569
Current assets
Debtors	5	97,517	82,889
Cash at bank and in hand		3,206	90,245
		100,723	173,134
Creditors: Amounts falling due within one year	6	(74,695)	(99,402)
Net current assets		26,028	73,732
Total assets less current liabilities		29,373	76,301
Provisions for liabilities		(636)	(488)
Net assets		28,737	75,813
Capital and reserves
Called up share capital	7	200	200
Share premium reserve		2,900	2,900
Retained earnings		25,637	72,713
Shareholders' funds		28,737	75,813

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... C Byrne Director

Lunar Spaces Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Lunar Spaces Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% reducing balances
Office Equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Lunar Spaces Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	7,383	7,383
Additions	2,037	2,037
At 31 October 2025	9,420	9,420
Depreciation
At 1 November 2024	4,814	4,814
Charge for the year	1,261	1,261
At 31 October 2025	6,075	6,075
Carrying amount
At 31 October 2025	3,345	3,345
At 31 October 2024	2,569	2,569

5

Debtors

Current	2025 £	2024 £
Trade debtors	43,622	68,414
Prepayments	1,236	1,086
Other debtors	52,659	13,389
	97,517	82,889

Lunar Spaces Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	7,645	17,388
Taxation and social security	65,192	78,943
Accruals and deferred income	1,858	1,452
Other creditors	-	1,619
	74,695	99,402

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	200	200	200	200

8	Related party transactions

Transactions with directors

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
C Byrne
Loan at 3.75% per annum	-	18,495	18,495
Mr T J Farr
Loan at 3.75% per annum	-	18,495	18,495