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REGISTERED NUMBER: 08394899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Inspired Acquisitions Limited

Inspired Acquisitions Limited (Registered number: 08394899)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspired Acquisitions Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs A O'Neill
T A King
Mrs M A King





SECRETARY: T A King





REGISTERED OFFICE: Riverside House
24 Mill Lane
St Radigunds
Canterbury
Kent
CT1 2AW





REGISTERED NUMBER: 08394899 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Inspired Acquisitions Limited (Registered number: 08394899)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,857 196,667
Investments 5 1 1
Investment property 6 5,214,000 6,765,000
5,385,858 6,961,668

CURRENT ASSETS
Debtors 7 2,057,141 1,673,691
Cash at bank 159,905 359,930
2,217,046 2,033,621
CREDITORS
Amounts falling due within one year 8 127,045 173,502
NET CURRENT ASSETS 2,090,001 1,860,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,475,859

8,821,787

CREDITORS
Amounts falling due after more than one
year

9

(7,676,404

)

(9,199,853

)

PROVISIONS FOR LIABILITIES (116,460 ) (120,985 )
NET LIABILITIES (317,005 ) (499,051 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 585,030 418,030
Retained earnings (902,135 ) (917,181 )
SHAREHOLDERS' FUNDS (317,005 ) (499,051 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Inspired Acquisitions Limited (Registered number: 08394899)

Balance Sheet - continued
31 January 2023


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 25 October 2023 and were signed on its behalf by:





T A King - Director


Inspired Acquisitions Limited (Registered number: 08394899)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Inspired Acquisitions Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
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.

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.

Inspired Acquisitions Limited (Registered number: 08394899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 305,293
Additions 11,925
At 31 January 2023 317,218
DEPRECIATION
At 1 February 2022 108,626
Charge for year 36,735
At 31 January 2023 145,361
NET BOOK VALUE
At 31 January 2023 171,857
At 31 January 2022 196,667

Inspired Acquisitions Limited (Registered number: 08394899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 24,984
DEPRECIATION
At 1 February 2022 8,588
Charge for year 4,099
At 31 January 2023 12,687
NET BOOK VALUE
At 31 January 2023 12,297
At 31 January 2022 16,396

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 1
NET BOOK VALUE
At 31 January 2023 1
At 31 January 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 6,765,000
Disposals (1,718,000 )
Revaluations 167,000
At 31 January 2023 5,214,000
NET BOOK VALUE
At 31 January 2023 5,214,000
At 31 January 2022 6,765,000

Inspired Acquisitions Limited (Registered number: 08394899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2015 415,694
Valuation in 2016 176,886
Valuation in 2017 197,346
Valuation in 2018 3,107
Valuation in 2019 96,000
Valuation in 2020 6,000
Valuation in 2021 (328,549 )
Valuation in 2022 (80,000 )
Valuation in 2023 167,000
Cost 4,560,516
5,214,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 5,090,000 6,278,516

Investment property was valued on an open market basis on 31 January 2023 by the directors .

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 67,382 28,608
Amounts owed by group undertakings 1,948,875 1,603,063
Amounts receivable in respect of finance
leases

1,106

1,136
2,017,363 1,632,807

Amounts falling due after more than one year:
Amounts receivable in respect of finance
leases

39,778

40,884

Aggregate amounts 2,057,141 1,673,691

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 75,745 95,245
Hire purchase contracts 4,241 3,958
Trade creditors 18,630 4,579
Taxation and social security 22,770 11,415
Other creditors 5,659 58,305
127,045 173,502

Inspired Acquisitions Limited (Registered number: 08394899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,347,484 3,689,562
Hire purchase contracts 7,696 11,936
Other creditors 5,321,224 5,498,355
7,676,404 9,199,853