REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
INSPIRING DEVELOPMENTS (ESSEX) LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
INSPIRING DEVELOPMENTS (ESSEX) LTD |
INSPIRING DEVELOPMENTS (ESSEX) LTD (REGISTERED NUMBER: 10355370) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Balance Sheet | 1 |
INSPIRING DEVELOPMENTS (ESSEX) LTD (REGISTERED NUMBER: 10355370) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Inspiring Developments (Essex) Ltd is a |
Registered number: |
Registered office: |
2. | SECURED DEBTS |
Loans to the value of £197,760 are secured by way of a charge over freehold property owned by the company registered as; 345 Little Wakering Road, Little Wakering, Southend-on-Sea, Essex, SS3 0LB. £187,892 is included within amounts falling due after more than one year and £9,868 forms part of amounts falling due within one year. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within other creditors due within one year is a loan from the director totalling £553,952 (2022: £528,495). The loan is interest free and repayable on demand. |
INSPIRING DEVELOPMENTS (ESSEX) LTD (REGISTERED NUMBER: 10355370) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
5. | GOING CONCERN |
As at 30th September 2023 the company's current liabilities exceeded current assets, thereby indicating the existence of some uncertainty over the company's ability to continue as a going concern. The director has performed an assessment and does not anticipate a curtailment in the company's operations within the next 12 months. The financial statements have been prepared using the going concern basis of preparation. |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |