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REGISTERED NUMBER: 13910297 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 FEBRUARY 2022 TO 28 FEBRUARY 2023

FOR

INNOVATION ASSETS LTD

INNOVATION ASSETS LTD (REGISTERED NUMBER: 13910297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2022 TO 28 FEBRUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INNOVATION ASSETS LTD

COMPANY INFORMATION
FOR THE PERIOD 11 FEBRUARY 2022 TO 28 FEBRUARY 2023







DIRECTORS: Mrs V Masurkar
Mr V D Masurkar





REGISTERED OFFICE: 11 Coledale Drive
Stanmore
Middlesex
HA7 2QD





REGISTERED NUMBER: 13910297 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

INNOVATION ASSETS LTD (REGISTERED NUMBER: 13910297)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

Notes £    £   
FIXED ASSETS
Investment property 5 315,622

CURRENT ASSETS
Debtors 1,350
Cash at bank 15,685
17,035
CREDITORS
Amounts falling due within one year 105,549
NET CURRENT LIABILITIES (88,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,108

CREDITORS
Amounts falling due after more than one
year

6

223,237
NET ASSETS 3,871

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 3,771
SHAREHOLDERS' FUNDS 3,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

INNOVATION ASSETS LTD (REGISTERED NUMBER: 13910297)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 October 2023 and were signed on its behalf by:





Mrs V Masurkar - Director


INNOVATION ASSETS LTD (REGISTERED NUMBER: 13910297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2022 TO 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Innovation Assets 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

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

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 315,622
At 28 February 2023 315,622
NET BOOK VALUE
At 28 February 2023 315,622

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
£   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 223,237

INNOVATION ASSETS LTD (REGISTERED NUMBER: 13910297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2022 TO 28 FEBRUARY 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 223,237

Bank Loans are secured over investment property.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2023:

£   
Mrs V Masurkar
Balance outstanding at start of period -
Amounts repaid (53,414 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (53,414 )