| |
|
2026 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
188,861 |
|
|
188,861 |
| Current assets |
|
1,018 |
|
|
849 |
|
| Creditors: amount falling due within one year |
|
(1,477) |
|
|
(3,353) |
|
|
Net current assets
|
|
|
(459)
|
|
|
(2,504)
|
|
Total assets less current liabilities
|
|
|
188,402 |
|
|
186,357 |
| Creditors: amount falling due after more than one year |
|
|
(196,737) |
|
|
(196,740) |
|
Net assets
|
|
|
(8,335) |
|
|
(10,383) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(8,335) |
|
|
(10,383) |
| |
NOTES TO THE ACCOUNTS
General Information
SPACE & LADDERS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10544484, registration address 20-22 Wenlock Road , London England, N1 7GU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Rental Income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period of lease commencement to the earliest termination date.
Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flows, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Investment properties are properties held to earn rental and /or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
|
| 2. |
Average number of employees Average number of employees during the period was 0 (2025 : 0). |
For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 24 October 2026 and were signed on its behalf by: --------------------------------
Kerry Kay HARRIS
Director | --------------------------------
Ewere Osamudiame ODARO
Director |
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