White Space Limited - Filleted accounts

Registered number

00908615

White Space Limited

Filleted Accounts

31 December 2025

White Space Limited
Registered number:		00908615
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		693,566			698,841

Current assets
Stocks		1,000			3,000
Debtors	4	17,116			15,600
Cash at bank and in hand		110,033			204,765
		128,149			223,365

Creditors: amounts falling due within one year	5	(187,746)			(195,030)

Net current (liabilities)/assets			(59,597)			28,335

Total assets less current liabilities			633,969			727,176

Creditors: amounts falling due after more than one year	6		(80,000)			(80,000)

Provisions for liabilities			(69,416)			(69,416)


Net assets			484,553			577,760

Capital and reserves
Called up share capital			1,675			1,675
Share premium			17			17
Revaluation reserve	7		364,082			364,082
Profit and loss account			118,779			211,986

Shareholders' funds			484,553			577,760

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


John Savery
Director
Approved by the board on 17 September 2026

White Space Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line
	Freehold property	over 60 Years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			7		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	750,000		38,190		788,190
	At 31 December 2025	750,000		38,190		788,190

	Depreciation
	At 1 January 2025	51,160		38,189		89,349
	Charge for the year	5,275		-		5,275
	At 31 December 2025	56,435		38,189		94,624

	Net book value
	At 31 December 2025	693,565		1		693,566
	At 31 December 2024	698,840		1		698,841


4	Debtors			2025		2024
£					£

	Trade debtors			17,116		15,600


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			6,072		3,577
	Taxation and social security costs			18,424		18,203
	Software maintenance reserve			160,000		170,000
	Other creditors			3,250		3,250
				187,746		195,030


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			80,000		80,000


7	Revaluation reserve			2025		2024
£					£

	At 1 January 2025			364,082		364,082

	At 31 December 2025			364,082		364,082


8	Other information

	White Space Limited is a private company limited by shares and incorporated in England. Its registered office is:
	45 St Dunstans Rd
	London
	W6 8RE