Company No: 10976655 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	271,080		321,858
		271,080		321,858
Current assets
Debtors	4	71,989		77,911
Cash at bank and in hand		447,349		405,252
		519,338		483,163
Creditors: amounts falling due within one year	5	( 1,715,128)		( 1,726,837)
Net current liabilities		(1,195,790)		(1,243,674)
Total assets less current liabilities		(924,710)		(921,816)
Creditors: amounts falling due after more than one year	6	0		( 5,784)
Net liabilities		( 924,710)		( 927,600)
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		( 924,711 )		( 927,601 )
Total shareholders' deficit		( 924,710)		( 927,600)

For the financial year ending 31 December 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Origin Workspace Ltd (registered number: 10976655) were approved and authorised for issue by the Board of Directors on 20 August 2026. They were signed on its behalf by:

R Hingston Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Origin Workspace Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Berkeley Square, Bristol, BS8 1HP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. At the year-end the company had net liabilities of £924,710 (2024 - £927,600). Included within liabilities due within one year is £896,654 (2024 - £1,019,719) due to entities under common control. The company is reliant on the support of entities under common control for whom those in control have provided assurance of continued support to provide further working capital funds as required and not call amounts owed for repayment.

The directors are satisfied that there are no material uncertainties in respect of the going concern status of the company.

Turnover

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	11 years straight line
Office equipment	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities 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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		14

3. Tangible assets

	Land and buildings		Office equipment		Total
	£		£		£
Cost
At 01 January 2025	231,343		1,055,728		1,287,071
Additions	11,130		22,726		33,856
At 31 December 2025	242,473		1,078,454		1,320,927
Accumulated depreciation
At 01 January 2025	57,801		907,412		965,213
Charge for the financial year	21,467		63,167		84,634
At 31 December 2025	79,268		970,579		1,049,847
Net book value
At 31 December 2025	163,205		107,875		271,080
At 31 December 2024	173,542		148,316		321,858

4. Debtors

	2025		2024
	£		£
Trade debtors	18,764		42,610
Prepayments and accrued income	51,665		35,301
Other debtors	1,560		0
	71,989		77,911

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,784		10,000
Trade creditors	60,181		45,982
Accruals and deferred income	72,526		47,864
Other taxation and social security	77,150		61,720
Other creditors	1,499,487		1,561,271
	1,715,128		1,726,837

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		5,784

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
51 Ordinary A shares of £ 0.01 each (2024: nil shares)	0.51		0
49 Ordinary B shares of £ 0.01 each (2024: nil shares)	0.49		0
Nil Ordinary share (2024: 1 share of £ 1.00 )	0		1.00
	1.00		1.00

8. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £10,236,000 (2024 - £825,000).

9. Related party transactions

At the year end the company owed £896,654 (2024 - £1,019,719) in respect of a loan from an entity under common control. Interest on the loan is charged at 6% per annum and repayable on demand.

At the year end the company was owed £1,560 (2024 - £Nil) in respect of a loan from a connected party. The loan is interest free and repayable on demand.

During the year the company was charged £825,000 (2024 - £825,000) of rent through a signed lease agreement by another entity under common control.

In the year, the company made donations of £200,000 (2024 - £90,000) to a charity of which all directors are trustees.