COSPACE GROUP READING QH LIMITED

COSPACE GROUP READING QH LIMITED - Company Information

2020-04-012020-12-312020-12-31false11854268COSPACE GROUP READING QH 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Registered Number
11854268
(England and Wales)

Unaudited Financial Statements for the Period Ended
31 December 2020

COSPACE GROUP READING QH LIMITED

Company Information
for the period from 1 April 2020 to 31 December 2020


Directors	STOKES, William David
	THOMAS, Alistair David


Registered Address	3 Liskeard Gardens
	London
	SE3 0PE


Registered Number	11854268 (England and Wales)

COSPACE GROUP READING QH LIMITED

Balance Sheet as at
31 December 2020

	Notes	31 Dec 2020		31 Mar 2020
		£	£	£	£
Fixed assets
Tangible assets	6		447,145		41,860
			447,145		41,860
Current assets
Debtors		51,914		8,428
Cash at bank and on hand		1,299		2,645
		53,213		11,073
Creditors amounts falling due within one year		(509,437)		(53,265)
Net current assets (liabilities)			(456,224)		(42,192)
Total assets less current liabilities			(9,079)		(332)
Creditors amounts falling due after one year			(44,167)		-
Net assets			(53,246)		(332)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(53,247)		(333)
Shareholders' funds			(53,246)		(332)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2021, and are signed on its behalf by:

THOMAS, Alistair David
Director
Registered Company No. 11854268

COSPACE GROUP READING QH LIMITED

Notes to the Financial Statements
for the period ended 31 December 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	PRINCIPAL ACTIVITIES
	The company provides serviced office accommodation.

4.	ACCOUNTING POLICIES

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The cost of leasehold property is depreciated from the time that the property is brought in to use over the remaining lease term. Depreciation is provided on all other tangible fixed assets as follows:

		Reducing balance (%)		Straight line (years)
	Fixtures and fittings	30		-
	Office Equipment	-		4

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	EMPLOYEE INFORMATION

		2020		2020
	Average number of employees during the year	-		-

6.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 20	41,860
	Additions	405,285
	At 31 December 20	447,145
	Net book value
	At 31 December 20	447,145
	At 31 March 20	41,860