Space Retail Group Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11143334 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Space Retail Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N G Avery

A Leaver

N B S Grimson

REGISTERED OFFICE:

Tate House

Watermark Way

Hertford

Hertfordshire

SG13 7TZ

REGISTERED NUMBER:

11143334 (England and Wales)

AUDITORS:

Roy Pinnock & Co LLP

Statutory Auditors

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

CURRENT ASSETS

Debtors

4

914

101

Cash at bank

422

575

1,336

676

CREDITORS

Amounts falling due within one year

5

7,187

1,145

NET CURRENT LIABILITIES

(5,851

)

(469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,851

)

(469

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(5,951

)

(569

)

SHAREHOLDERS' FUNDS

(5,851

)

(469

)

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 16 December 2022 and were signed on its behalf by:

A Leaver - Director

1.	STATUTORY INFORMATION

Space Retail Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

Going concern

The directors do not feel that the fact that current liabilities exceed current assets affect the ability for the company to continue as a going concern.

The main liability is a group debt that will not be payable whilst the company is insolvent. The group will finance any liabilities of the company until it has its own resources.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

914

101

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

1

-

Amounts owed to group undertakings

7,186

1,145

7,187

1,145

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

100

Ordinary

£1.00

100

100

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

The Report of the Auditors was unqualified.

Natalie Coleman FCCA (Senior Statutory Auditor)

for and on behalf of Roy Pinnock & Co LLP

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Leaver.

Andrew Leaver is the ultimate controlling party by virtue of his majority shareholding in Brand Partnership Group Ltd

10.	ULTIMATE PARENT COMPANY

Brand Partnership Group Ltd is regarded by the directors as being the company's ultimate parent company.

Brand Partnership Group Limited is registered in England & Wales, Company Number 09938132, registered office Tate House, Watermark Way, Hertford, Hertfordshire SG13 7TZ.