REGISTERED NUMBER: 11607045 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

JETSPACE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D P Willcox

REGISTERED OFFICE:

23 Grand Parade

Brighton

United Kingdom

BN2 9QB

REGISTERED NUMBER:

11607045 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

11,453

15,313

Investment property

5

833,531

833,531

844,984

848,844

CURRENT ASSETS

Debtors

6

23,906

33,550

Cash at bank and in hand

42,060

31,458

65,966

65,008

CREDITORS

Amounts falling due within one year

7

(681,828

)

(701,894

)

NET CURRENT LIABILITIES

(615,862

)

(636,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

229,122

211,958

PROVISIONS FOR LIABILITIES

(2,863

)

(934

)

NET ASSETS

226,259

211,024

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

226,258

211,023

SHAREHOLDERS' FUNDS

226,259

211,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 29 May 2026 and were signed by:

D P Willcox - Director

1.	STATUTORY INFORMATION

Jetspace 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 represents amounts receivable for consultancy services net of VAT and rent receivable from investment property.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment

- 3 years on cost

Plant & Machinery

- 5 years on cost

Investment property

Investment property is shown at most recent valuation provided by the director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 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 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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Government grants

Grants receivable are recognised as other operating income in the profit and loss account when there is a reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant will be received. The income is taxable and amounts not received by the reporting date are included in other debtors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

30,607

Additions

352

At 31 August 2025

30,959

DEPRECIATION

At 1 September 2024

15,294

Charge for year

4,212

At 31 August 2025

19,506

NET BOOK VALUE

At 31 August 2025

11,453

At 31 August 2024

15,313

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

833,531

NET BOOK VALUE

At 31 August 2025

833,531

At 31 August 2024

833,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,922

28,233

Other debtors

4,984

5,317

23,906

33,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,725

1,110

Taxation and social security

8,963

6,480

Other creditors

666,140

694,304

681,828

701,894