2022-04-012023-03-312023-03-31false10396122INNERSPACE PROPERTIES 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INNERSPACE PROPERTIES LIMITED

Registered Number
10396122
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

INNERSPACE PROPERTIES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

LAMB, Ian David
RUSSELL, Richard James

Registered Address

Unit 11 Mullbry Business Park
Shakespeare Way
Whitchurch
SY13 1LJ

Registered Number

10396122 (England and Wales)
INNERSPACE PROPERTIES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors59,2794,496
Cash at bank and on hand75,28365,857
84,56270,353
Creditors amounts falling due within one year6(11,145)(19,619)
Net current assets (liabilities)73,41750,734
Total assets less current liabilities73,41750,734
Creditors amounts falling due after one year7(45,075)(4,059)
Net assets28,34246,675
Capital and reserves
Called up share capital22
Profit and loss account28,34046,673
Shareholders' funds28,34246,675
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
LAMB, Ian David
Director
Registered Company No. 10396122
INNERSPACE PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

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.Accounting policies
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Debtors

2023

2022

££
Trade debtors / trade receivables5,0873,293
Other debtors3,050-
Prepayments and accrued income1,1421,203
Total9,2794,496
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.
6.Creditors within one year

2023

2022

££
Taxation and social security-3,050
Other creditors3,8029,789
Accrued liabilities and deferred income7,3436,780
Total11,14519,619
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.
7.Creditors after one year

2023

2022

££
Other creditors45,0754,059
Total45,0754,059