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REGISTERED NUMBER: 10355370 (England and Wales)













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 318,450 318,450

CURRENT ASSETS 512,342 397,684

CREDITORS
Amounts falling due within one year (582,038 ) (673,211 )
NET CURRENT LIABILITIES (69,696 ) (275,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,754

42,923

CREDITORS
Amounts falling due after more than one
year

187,892

-
NET ASSETS 60,862 42,923

CAPITAL AND RESERVES 60,862 42,923

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Inspiring Developments (Essex) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10355370

Registered office: Sutherland House
1759 London Road
Leigh On Sea
Essex
SS9 2RZ

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 company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





P D Basten - Director