Another Space Property Ltd - Filleted accounts

Registered number

12455717

Another Space Property Ltd

Unaudited Filleted Accounts

28 February 2026

Another Space Property Ltd
Registered number:		12455717
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,338,697			1,196,229
Investments	4		150			-
			1,338,847			1,196,229

Current assets
Stocks		8,811			527,738
Debtors	5	494,054			27,538
Cash at bank and in hand		11,215			64,149
		514,080			619,425

Creditors: amounts falling due within one year	6	(1,151,374)			(1,030,104)

Net current liabilities			(637,294)			(410,679)

Total assets less current liabilities			701,553			785,550

Creditors: amounts falling due after more than one year	7		(1,051,048)			(1,096,000)

Provisions for liabilities			(6,592)			(119)


Net liabilities			(356,087)			(310,569)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(356,089)			(310,571)

Shareholders' funds			(356,087)			(310,569)

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.




Lucy Atherton
Director
Approved by the board on 8 September 2026

Another Space Property Ltd
Notes to the Accounts
for the year ended 28 February 2026


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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 3 years
	Fixtures, fittings, tools and equipment			over 4 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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2025	1,180,394		25,465		-		1,205,859
	Additions	108,402		17,551		39,098		165,051
	At 28 February 2026	1,288,796		43,016		39,098		1,370,910

	Depreciation
	At 1 March 2025	-		9,630		-		9,630
	Charge for the year	-		12,809		9,774		22,583
	At 28 February 2026	-		22,439		9,774		32,213

	Net book value
	At 28 February 2026	1,288,796		20,577		29,324		1,338,697
	At 28 February 2025	1,180,394		15,835		-		1,196,229


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	Additions							150

	At 28 February 2026							150


5	Debtors					2026		2025
£							£

	Other debtors					494,054		27,538


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Taxation and social security costs					344		-
	Other creditors					1,151,030		1,030,104
						1,151,374		1,030,104


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Other creditors					1,051,048		1,096,000


8	Going concern

	The business has the full support of the shareholders and as such the directors believe the business to be a going concern.


9	Other information

	Another Space Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	28 Chiltern Drive
	Hale
	Altrincham
	WA15 9PN