REGISTERED NUMBER: 03636769 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

FLEXIBLE SPACE ASSOCIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Butterworth

J C S Sartin

Ms A Kolokasi

D C M McGeachy

J Price

F Fforde

A Livesey

C D Mapp

REGISTERED OFFICE:

9 Worton Park

Cassington

Oxfordshire

OX29 4SX

REGISTERED NUMBER:

03636769 (England and Wales)

AUDITORS:

Camerons Accountancy Consultants Limited

Statutory Auditor

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Tangible assets

5

457

-

CURRENT ASSETS

Debtors

6

85,353

74,604

Cash at bank

258,227

268,380

343,580

342,984

CREDITORS

Amounts falling due within one year

7

177,512

179,261

NET CURRENT ASSETS

166,068

163,723

TOTAL ASSETS LESS CURRENT LIABILITIES

166,525

163,723

RESERVES

Retained earnings

166,525

163,723

MEMBERS' FUNDS

166,525

163,723

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 Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

J C S Sartin - Director

1.	STATUTORY INFORMATION

Flexible Space Association Limited is a private company, limited by guarantee , 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Subscription income is recognised over the subscription period to which it relates. Awards dinner and conference income is recognised when the relevant event takes place.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

Rent paid

Rentals paid under operating licence are charged to the profit and loss account on a straight line basis over the period of the licence.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

15,126

Additions

685

At 31 August 2025

15,811

DEPRECIATION

At 1 September 2024

15,126

Charge for year

228

At 31 August 2025

15,354

NET BOOK VALUE

At 31 August 2025

457

At 31 August 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,302

35,250

Other debtors

47,051

39,354

85,353

74,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,669

15,804

Taxation and social security

1,395

9,315

Other creditors

158,448

154,142

177,512

179,261

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Woolford (Senior Statutory Auditor)

for and on behalf of Camerons Accountancy Consultants Limited

9.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10.	ULTIMATE CONTROLLING PARTY

The company has reasonable cause to believe that there is no registrable person or registrable relevant legal entity with ultimate control. The company is governed by a board of directors by which all decisions are agreed.