REGISTERED NUMBER: 11597151

Unaudited Financial Statements for the Year Ended 31 December 2025

for

CoSpace Group MK EH Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W D Stokes

Mr A D Thomas

REGISTERED OFFICE:

25 Town Square

Stevenage

Hertfordshire

SG1 1BP

REGISTERED NUMBER:

11597151

FIXED ASSETS

Tangible assets

5

85,905

112,600

CURRENT ASSETS

Debtors

6

477,682

241,123

Cash at bank

66,026

13,116

543,708

254,239

CREDITORS

Amounts falling due within one year

7

934,747

702,811

NET CURRENT LIABILITIES

(391,039

)

(448,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(305,134

)

(335,972

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(305,135

)

(335,973

)

SHAREHOLDERS' FUNDS

(305,134

)

(335,972

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr A D Thomas - Director

Mr W D Stokes - Director

1.	STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:

25 Town Square

Stevenage

Hertfordshire

SG1 1BP

England

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

These financial statements have been prepared using the historical cost.

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

Judgements

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of rental income services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation

and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and

installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under

construction over their estimated useful lives, as follows:

Office equipment - 25% on cost

Furniture and fittings - 30% reducing balance

Leasehold improvements - 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cash and cash equivalent

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

109,297

24,501

13,618

147,416

Additions

(514

)

1,294

-

780

At 31 December 2025

108,783

25,795

13,618

148,196

DEPRECIATION

At 1 January 2025

25,679

4,687

4,450

34,816

Charge for year

16,451

7,619

3,405

27,475

At 31 December 2025

42,130

12,306

7,855

62,291

NET BOOK VALUE

At 31 December 2025

66,653

13,489

5,763

85,905

At 31 December 2024

83,618

19,814

9,168

112,600

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £66,653 (2024 - £83,618) in respect of short leasehold land and buildings.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,308

19,524

Amounts owed by group undertakings

318,820

97,524

Other debtors

36,271

-

Deferred tax asset

61,493

72,125

Prepayments

47,790

51,950

477,682

241,123

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

193,096

155,444

Amounts owed to group undertakings

348,401

185,512

VAT

2,707

11,694

Other creditors

141,857

142,190

Other creditors 2

5

5

Deferred income

72,628

77,425

Accrued expenses

96,224

41,616

Rent accruals

79,829

88,925

934,747

702,811

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

0.001

1

1

9.	OFF-BALANCE SHEET ARRANGEMENTS

The company leases it's trading premises under a lease that provides for annual rent comprising of a fixed element together with a profit share element for the period.The profit related element is contingent on future trading results and cannot be reliably estimated and is therefore recognised as an expense as it arises.

10.	RELATED PARTY TRANSACTIONS

At the balance sheet date the company was owed £160,207 (2024: owed £29,072) to CoSpace Group Limited, its ultimate parent company. There is no interest charged and the amount is fully repayable on demand.

At the balance sheet date the company was owed £33,409 (2024: owed £19,019) to CoSpace Group Reading QH Limited, a company connected by a mutual parent. There is no interest charged and the amount is fully repayable on demand.

At the balance sheet date the company owed £205,095 (2024: was owed £98,040) from CoSpace Group Stevenage No25 Limited, a company connect by a mutual parent company. There is no interest charged and the amount is fully repayable on demand.

At the balance sheet date the company was owed £48,716 (2024: £nil) from CoSpace Group SA Limited, a company connect by a mutual parent company. There is no interest charged and the amount is fully repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Cospace Group Limited, incorporated in United Kingdom & Wales.

The ultimate controlling party is Mr W Stokes and Mr A Thomas, by virtue of their shareholding in the parent company.

12.	GOING CONCERN

At the balance sheet date the company had net current liabilities of £391,087 (2024: £448,572) and retained losses of £305,183 (2024: £335,973). The company is financially supported by the group. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.