REGISTERED NUMBER: 12452758 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 AUGUST 2025

FOR

RISE SPACE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss L Murphy

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

MK40 3JY

BUSINESS ADDRESS:

Suite 1

49 Mill Street

Bedford

MK40 3EU

REGISTERED NUMBER:

12452758 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

4

97,538

50,091

CURRENT ASSETS

Debtors

5

213,867

271,796

Prepayments and accrued income

25,841

14,160

Cash at bank and in hand

417,362

150,611

657,070

436,567

CREDITORS

Amounts falling due within one year

6

569,735

132,931

NET CURRENT ASSETS

87,335

303,636

TOTAL ASSETS LESS CURRENT LIABILITIES

184,873

353,727

PROVISIONS FOR LIABILITIES

7

(19,898

)

-

ACCRUALS AND DEFERRED INCOME

(142,579

)

(1,750

)

NET ASSETS

22,396

351,977

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

22,394

351,975

SHAREHOLDERS' FUNDS

22,396

351,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 11 March 2026 and were signed by:

Miss L Murphy - Director

1.	STATUTORY INFORMATION

Rise Space Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable through the supply of services, excluding discounts and value added tax.

The supply of services is recognised in the accounting period in which the services are rendered when the outcome of a contract for services can be estimated reliably.

Other income relates to interest receivable and is recognised in the period it relates on the straight line basis using the effective interest method.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity. An equity instrument is any contract that evidences residual interest in the assets of the company after deduction any liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

-

36,230

37,926

74,156

Additions

25,542

27,543

23,038

76,123

Disposals

(7,500

)

-

-

(7,500

)

At 31 August 2025

18,042

63,773

60,964

142,779

DEPRECIATION

At 1 March 2024

-

8,847

15,218

24,065

Charge for period

1,179

8,827

11,670

21,676

Eliminated on disposal

(500

)

-

-

(500

)

At 31 August 2025

679

17,674

26,888

45,241

NET BOOK VALUE

At 31 August 2025

17,363

46,099

34,076

97,538

At 29 February 2024

-

27,383

22,708

50,091

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

29.2.24

£

£

Trade debtors

84,591

158,772

Amounts owed by group undertakings

102,238

55,979

Other debtors

27,038

9,892

Directors' loan accounts

-

47,153

213,867

271,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

29.2.24

£

£

Trade creditors

60,002

5,459

Amounts owed to group undertakings

304,000

-

Tax

51,780

102,292

Social security and other taxes

66,930

9,611

VAT

38,911

15,290

Net wages

45,354

279

Pension

1,903

-

Directors' current accounts

855

-

569,735

132,931

7.	PROVISIONS FOR LIABILITIES

31.8.25

29.2.24

£

£

Deferred tax

Accelerated capital allowances

20,102

-

Other timing differences

(204

)

-

19,898

-

Deferred

tax

£

Charge to Income Statement during period

19,898

Balance at 31 August 2025

19,898

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

29.2.24

value:

£

£

2

Ordinary

£1

2

2

9.	OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had total commitments under non cancellable operating leases over the remaining life of those leases of £100,000 (2024: £nil).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2025 and the year ended 29 February 2024:

31.8.25

29.2.24

£

£

Miss L Murphy

Balance outstanding at start of period

47,153

16,154

Amounts advanced

14,935

47,511

Amounts repaid

(62,943

)

(16,512

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(855

)

47,153

The Directors' loan was unsecured and repayable on demand. Interest amounting to £273 (2024: £827) was charged at the official interest rate during the year.