Inspiricare OH Limited 12309704 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Residential care activities for elderly Digita Accounts Production Advanced 6.30.9574.0 true true 12309704 2022-12-01 2023-11-30 12309704 2023-11-30 12309704 bus:OrdinaryShareClass1 2023-11-30 12309704 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 12309704 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 12309704 core:FurnitureFittingsToolsEquipment 2023-11-30 12309704 core:LandBuildings 2023-11-30 12309704 bus:SmallEntities 2022-12-01 2023-11-30 12309704 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12309704 bus:FilletedAccounts 2022-12-01 2023-11-30 12309704 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12309704 bus:RegisteredOffice 2022-12-01 2023-11-30 12309704 bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 12309704 bus:Director2 2022-12-01 2023-11-30 12309704 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 12309704 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12309704 core:FurnitureFittings 2022-12-01 2023-11-30 12309704 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 12309704 core:LandBuildings 2022-12-01 2023-11-30 12309704 countries:EnglandWales 2022-12-01 2023-11-30 12309704 2022-11-30 12309704 core:FurnitureFittingsToolsEquipment 2022-11-30 12309704 core:LandBuildings 2022-11-30 12309704 2021-12-01 2022-11-30 12309704 2022-11-30 12309704 bus:OrdinaryShareClass1 2022-11-30 12309704 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 12309704 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 12309704 core:FurnitureFittingsToolsEquipment 2022-11-30 12309704 core:LandBuildings 2022-11-30 12309704 core:RevaluationReserve core:LandBuildings 2021-12-01 2022-11-30 12309704 core:LandBuildings 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12309704

Inspiricare OH Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Inspiricare OH Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Inspiricare OH Limited

Company Information

Directors

Dr Alan Jumaily

Dr Raed Jumaily

Company secretary

Dr Alan Jumaily

Registered office

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

Accountants

Charles Rippin and Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

Inspiricare OH Limited

(Registration number: 12309704)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,764,838

3,779,847

Current assets

 

Cash at bank and in hand

 

246

4,752

Creditors: Amounts falling due within one year

(471,748)

(528,148)

Net current liabilities

 

(471,502)

(523,396)

Total assets less current liabilities

 

3,293,336

3,256,451

Creditors: Amounts falling due after more than one year

(2,376,322)

(2,425,000)

Accruals and deferred income

 

(24,759)

(5,000)

Net assets

 

892,255

826,451

Capital and reserves

 

Called up share capital

6

2

2

Revaluation reserve

828,600

828,600

Retained earnings

63,653

(2,151)

Shareholders' funds

 

892,255

826,451

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 

 

Inspiricare OH Limited

(Registration number: 12309704)
Abridged Balance Sheet as at 30 November 2023

.........................................
Dr Alan Jumaily
Company secretary and director

.........................................
Dr Raed Jumaily
Director

 

Inspiricare OH Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

1% Reducing balance

Fixtures and fittings

8% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Inspiricare OH Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Inspiricare OH Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

3,429,800

390,531

3,820,331

At 30 November 2023

3,429,800

390,531

3,820,331

Depreciation

At 1 December 2022

29,800

10,684

40,484

Charge for the year

9,900

5,109

15,009

At 30 November 2023

39,700

15,793

55,493

Carrying amount

At 30 November 2023

3,390,100

374,738

3,764,838

At 30 November 2022

3,400,000

379,847

3,779,847

Included within the net book value of land and buildings above is £3,390,100 (2022 - £3,400,000) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

828,600

828,600