Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-012No description of principal activityfalse2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09633999 2022-01-01 2022-12-31 09633999 2020-09-01 2021-12-31 09633999 2022-12-31 09633999 2021-12-31 09633999 c:Director1 2022-01-01 2022-12-31 09633999 d:CurrentFinancialInstruments 2022-12-31 09633999 d:CurrentFinancialInstruments 2021-12-31 09633999 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09633999 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09633999 d:ShareCapital 2022-12-31 09633999 d:ShareCapital 2021-12-31 09633999 c:OrdinaryShareClass1 2022-01-01 2022-12-31 09633999 c:OrdinaryShareClass1 2022-12-31 09633999 c:OrdinaryShareClass1 2021-12-31 09633999 c:FRS102 2022-01-01 2022-12-31 09633999 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09633999 c:FullAccounts 2022-01-01 2022-12-31 09633999 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09633999













INSPIRED IMPACT HOUSE LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022


 
INSPIRED IMPACT HOUSE LIMITED
REGISTERED NUMBER:09633999


BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
45,836

Cash at bank and in hand
  
2,921,800
524,782

  
2,921,900
570,618

Creditors: amounts falling due within one year
 5 
(2,921,800)
(570,518)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 6 
100
100

  
100
100

Page 1


 
INSPIRED IMPACT HOUSE LIMITED
REGISTERED NUMBER:09633999

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 November 2023.




H A Forusz
Director

Page 2


 
INSPIRED IMPACT HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Inspired Impact House Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.
The principal activity of the company is property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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INSPIRED IMPACT HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).


4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
100
100

Other debtors
-
45,736

100
45,836


Page 4


 
INSPIRED IMPACT HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Creditors: amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
2,921,800
570,518



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) ordinary shares of £1.00 each
100
100



7.


Related party transactions

The company  has taken advantage allowed by Financial Reporting Standard 102, not to disclose any transactions with the ultimate parent or any wholly owned subsidiary undertakings of the group.


8.


Controlling party

The immediate parent company is Inspired Impact House Holding Limited, a company registered in England and Wales.
The ultimate parent company is Inspired Impact EG Limited, a company registered in England and Wales.
The ultimate controlling party is J C Nacos by virtue of him holding 100% of the share capital of Inspired Impact EG Limited

Page 5