Encore Spaces Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15810949

Encore Spaces Ltd

Filleted Unaudited Financial Statements

31 July 2025

Encore Spaces Ltd

Financial Statements

Period from 1 July 2024 to 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Encore Spaces Ltd

Statement of Financial Position

31 July 2025

	31 Jul 25
Note	£

Fixed assets

Intangible assets	5	5,440,648
Tangible assets	6	4,528,246
		------------
		9,968,894

Current assets

Debtors	7	2,206,866
Cash at bank and in hand		103,307
		------------
		2,310,173

Creditors: amounts falling due within one year	8	10,232,511
		-------------
Net current liabilities		7,922,338
		------------
Total assets less current liabilities		2,046,556
		------------
Net assets		2,046,556
		------------

Capital and reserves

Called up share capital	6,624,172
Profit and loss account	( 4,577,616)
	------------
Shareholders funds	2,046,556
	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Encore Spaces Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 27 August 2026 , and are signed on behalf of the board by:

T P Mountford
Director

Company registration number: 15810949

Encore Spaces Ltd

Notes to the Financial Statements

Period from 1 July 2024 to 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Vestry Street, London, N1 7RE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Branding costs	-	10% straight line
IT & Software	-	10% straight line
Stamp Duty	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	5% - 22% straight line
Fixtures and fittings	-	25% - 30% straight line
Equipment	-	19% - 30% straight line
Fit Out Contribution Received - CSS & JAC Transactions	-	5% - 28% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 41 .

5. Intangible assets

	Goodwill	Branding costs	IT & Software	Stamp Duty	Total
	£	£	£	£	£
Cost
Additions	5,454,935	–	63,663	313,659	5,832,257
Acquisitions through business combinations	–	10,400	–	–	10,400
	------------	--------	--------	---------	------------
At 31 July 2025	5,454,935	10,400	63,663	313,659	5,842,657
	------------	--------	--------	---------	------------
Amortisation
Charge for the period	378,588	704	1,188	21,529	402,009
	------------	--------	--------	---------	------------
At 31 July 2025	378,588	704	1,188	21,529	402,009
	------------	--------	--------	---------	------------
Carrying amount
At 31 July 2025	5,076,347	9,696	62,475	292,130	5,440,648
	------------	--------	--------	---------	------------

6. Tangible assets

	Freehold property	Fixtures and fittings	Equipment	Fit Out Contribution	Total
	£	£	£	£	£
Cost
At 1 July 2024	–	–	–	–	–
Additions	4,512,722	191,823	5,303	301,380	5,011,228
	------------	---------	-------	---------	------------
At 31 July 2025	4,512,722	191,823	5,303	301,380	5,011,228
	------------	---------	-------	---------	------------
Depreciation
At 1 July 2024	–	–	–	–	–
Charge for the period	442,729	24,110	780	15,363	482,982
	------------	---------	-------	---------	------------
At 31 July 2025	442,729	24,110	780	15,363	482,982
	------------	---------	-------	---------	------------
Carrying amount
At 31 July 2025	4,069,993	167,713	4,523	286,017	4,528,246
	------------	---------	-------	---------	------------

7. Debtors

	31 Jul 25
	£
Trade debtors	674,295
Amounts owed by group undertakings and undertakings in which the company has a participating interest	67,135
Other debtors	1,465,436
	------------
	2,206,866
	------------

8. Creditors: amounts falling due within one year

	31 Jul 25
	£
Trade creditors	3,268,134
Social security and other taxes	610,605
Other creditors	6,353,772
	-------------
	10,232,511
	-------------

9. Related party transactions

At the year end an associated company owed £67,135 to Encore Spaces Ltd .