Bluespace Media Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13372957

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		47,951		54,801
Tangible Assets	5		455		607

			48,406		55,408
CURRENT ASSETS
Debtors	6	2,000		-
Investments	7	100		100
Cash at bank and in hand		35		35

		2,135		135
Creditors: Amounts Falling Due Within One Year	8	(49,922 )		(43,547 )

NET CURRENT ASSETS (LIABILITIES)			(47,787 )		(43,412 )

TOTAL ASSETS LESS CURRENT LIABILITIES			619		11,996

NET ASSETS			619		11,996

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			519		11,896

SHAREHOLDERS' FUNDS			619		11,996

Page 1

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Bluespace Media Group Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Kevin Ellis

Director

30 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Bluespace Media Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13372957 . The registered office is Pilgrim Suite, Ketteringham Hall, Church Road, Ketteringham , Wymondham, Norfolk, NR18 9RS.

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.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 7 years.

2.4. 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:

Fixtures & Fittings

25% Reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	95,901

As at 31 May 2025	95,901

Amortisation
As at 1 June 2024	41,100
Provided during the period	6,850

As at 31 May 2025	47,950

Net Book Value
As at 31 May 2025	47,951

As at 1 June 2024	54,801

Goodwill written off over its expected lifecycle which is currently estmated to be 8 years which has been extended in the year under review from 7 years.

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Bluespace Media Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 June 2024	1,437

As at 31 May 2025	1,437

Depreciation
As at 1 June 2024	830
Provided during the period	152

As at 31 May 2025	982

Net Book Value
As at 31 May 2025	455

As at 1 June 2024	607

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,000	-

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	100	100

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	592	52
Other creditors	48,790	42,752
Accruals and deferred income	540	540
Director's loan account	-	203

	49,922	43,547

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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