SPACE_HOLDINGS_LIMITED - Accounts


Company Registration No. 05714162 (England and Wales)
SPACE HOLDINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2014
SPACE HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
SPACE HOLDINGS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SPACE HOLDINGS LIMITED FOR THE YEAR ENDED 31 JANUARY 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Space Holdings Limited for the year ended 31 January 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Space Holdings Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Space Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Space Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Space Holdings Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Space Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Space Holdings Limited. You consider that Space Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Space Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
22 August 2014
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
SPACE HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2014
31 January 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Investments
2
366,160
366,160
Current assets
Debtors
118,850
128,450
Cash at bank and in hand
279
339
119,129
128,789
Creditors: amounts falling due within one year
(393,792)
(402,258)
Net current liabilities
(274,663)
(273,469)
Total assets less current liabilities
91,497
92,691
Creditors: amounts falling due after more than one year
(35,000)
(35,000)
56,497
57,691
Capital and reserves
Called up share capital
3
160
160
Profit and loss account
56,337
57,531
Shareholders' funds
56,497
57,691
For the financial year ended 31 January 2014 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 August 2014
Mr G Tillyard
Director
Company Registration No. 05714162
SPACE HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006not to prepare group accounts.

2
Fixed assets
Investments
£
Cost
At 1 February 2013 & at 31 January 2014
366,160
At 31 January 2013
366,160
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Space Worldwide Limited
United Kingdom
Ordinary
100.00
Design Distillery Limited
United Kingdom
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
Space Worldwide Limited
Marketing & management services
170,981
(1,154)
Design Distillery Limited
Design consultancy
122,756
47,041
SPACE HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
160 Ordinary shares of £1 each
160
160
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