M.Space Ltd - Accounts

M.Space Ltd
Contents Page
For the year ended 31 August 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

M.Space Ltd Accountants' Report For the year ended 31 August 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M.Space Ltd for the year ended 31 August 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M.Space Ltd for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of M.Space Ltd , as a body, in accordance with the terms of our engagement letter dated 29 May 2026. Our work has been undertaken solely to prepare for your approval the accounts of M.Space Ltd and state those matters that we have agreed to state to the Board of Directors of M.Space Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.Space Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that M.Space Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M.Space Ltd . You consider that M.Space Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of M.Space Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 August 2025. .................................................... Boffix & Co Accountancy Limited Stonehaus, 87 Railway Road Teddington Middlesex TW11 8RZ 29 May 2026 1

M.Space Ltd
Accountants' Report
For the year ended 31 August 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M.Space Ltd for the year ended 31 August 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M.Space Ltd for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of M.Space Ltd , as a body, in accordance with the terms of our engagement letter dated 29 May 2026. Our work has been undertaken solely to prepare for your approval the accounts of M.Space Ltd and state those matters that we have agreed to state to the Board of Directors of M.Space Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.Space Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M.Space Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M.Space Ltd . You consider that M.Space Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M.Space Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2025.

....................................................
Boffix & Co Accountancy Limited
Stonehaus, 87 Railway Road
Teddington
Middlesex
TW11 8RZ
29 May 2026

1

M.Space Ltd
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	200	200
Tangible fixed assets	4	831,974	856,216
		832,174	856,416
Current assets
Stocks		500	500
Debtors: amounts falling due within one year		644,127	377,578
Cash at bank and in hand		9,855	193,722
		654,482	571,800
Creditors: amount falling due within one year		(110,119)	(141,384)
Net current assets		544,363	430,416

Total assets less current liabilities		1,376,537	1,286,832
Creditors: amount falling due after more than one year		(700,000)	(200,000)
Accruals and deferred income		(500,000)	(899,836)
Provisions for liabilities		(1,330)	(5,940)
Net assets		175,207	181,056

Capital and reserves
Called up share capital	5	199	199
Profit and loss account		175,008	180,857
Shareholders' funds		175,207	181,056

For the year ended 31 August 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 29 May 2026 and were signed on its behalf by:

-------------------------------
Tina Eberstein
Director

2

M.Space Ltd
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

M.Space Ltd is a private company, limited by shares, registered in England and Wales, registration number 04502716, registration address Stonehaus, 87 Railway Road, Teddington, Middlesex, TW11 8RZ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures and Fittings	20% Straight Line
Computer Equipment	33% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 September 2024	200	200
Additions	-	-
Disposals	-	-
At 31 August 2025	200	200
Net book values
At 31 August 2025	200	200
At 31 August 2024	200	200

4.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£	£
At 01 September 2024	825,000	124,854	65,729	7,870	19,176	1,042,629
Additions	-	-	-	-	458	458
Disposals	-	-	-	-	-	-
At 31 August 2025	825,000	124,854	65,729	7,870	19,634	1,043,087
Depreciation
At 01 September 2024	-	118,521	42,631	7,870	17,391	186,413
Charge for year	-	6,333	16,432	-	1,935	24,700
On disposals	-	-	-	-	-	-
At 31 August 2025	-	124,854	59,063	7,870	19,326	211,113
Net book values
Closing balance as at 31 August 2025	825,000	-	6,666	-	308	831,974
Opening balance as at 01 September 2024	825,000	6,333	23,098	-	1,785	856,216

In respect of the Freehold land & building stated at valuation, the historical costs are as follows:

Property		Original cost £		Developments £		Fair Value Adjustment £		Disposals £		Fair Value Carrying Value £
Marlborough House		404,388		444,146		(23,534)		-		825,000
		404,388		444,146		(23,534)		-		825,000

5.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
75 Class A shares of £1.00 each	75	75
50 Class B shares of £1.00 each	50	50
50 Class C shares of £1.00 each	50	50
24 Class E shares of £1.00 each	24	24
	199	199

3

Registered Number: 04502716
England and Wales
M.SPACE LTD

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025