2023-01-012023-12-312023-12-31false12201025INSPIRIT MANAGEMENT LIMITED2024-04-22iso4217:GBPxbrli:pure122010252023-01-01122010252023-12-31122010252023-01-012023-12-31122010252022-01-01122010252022-12-31122010252022-01-012022-12-3112201025bus:SmallEntities2023-01-012023-12-3112201025bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112201025bus:FullAccounts2023-01-012023-12-3112201025bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112201025core:WithinOneYear2023-12-3112201025core:AfterOneYear2023-12-3112201025core:WithinOneYear2022-12-3112201025core:AfterOneYear2022-12-3112201025core:ShareCapital2023-12-3112201025core:SharePremium2023-12-3112201025core:RevaluationReserve2023-12-3112201025core:OtherReservesSubtotal2023-12-3112201025core:RetainedEarningsAccumulatedLosses2023-12-3112201025core:ShareCapital2022-12-3112201025core:SharePremium2022-12-3112201025core:RevaluationReserve2022-12-3112201025core:OtherReservesSubtotal2022-12-3112201025core:RetainedEarningsAccumulatedLosses2022-12-3112201025core:LandBuildings2023-12-3112201025core:PlantMachinery2023-12-3112201025core:Vehicles2023-12-3112201025core:FurnitureFittings2023-12-3112201025core:OfficeEquipment2023-12-3112201025core:NetGoodwill2023-12-3112201025core:IntangibleAssetsOtherThanGoodwill2023-12-3112201025core:ListedExchangeTraded2023-12-3112201025core:UnlistedNon-exchangeTraded2023-12-3112201025core:LandBuildings2022-12-3112201025core:PlantMachinery2022-12-3112201025core:Vehicles2022-12-3112201025core:FurnitureFittings2022-12-3112201025core:OfficeEquipment2022-12-3112201025core:NetGoodwill2022-12-3112201025core:IntangibleAssetsOtherThanGoodwill2022-12-3112201025core:ListedExchangeTraded2022-12-3112201025core:UnlistedNon-exchangeTraded2022-12-3112201025core:LandBuildings2023-01-012023-12-3112201025core:PlantMachinery2023-01-012023-12-3112201025core:Vehicles2023-01-012023-12-3112201025core:FurnitureFittings2023-01-012023-12-3112201025core:OfficeEquipment2023-01-012023-12-3112201025core:NetGoodwill2023-01-012023-12-3112201025core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112201025core:ListedExchangeTraded2023-01-012023-12-3112201025core:UnlistedNon-exchangeTraded2023-01-012023-12-3112201025core:MoreThanFiveYears2023-01-012023-12-3112201025core:Non-currentFinancialInstruments2023-12-3112201025core:Non-currentFinancialInstruments2022-12-3112201025dpl:CostSales2023-01-012023-12-3112201025dpl:DistributionCosts2023-01-012023-12-3112201025core:LandBuildings2023-01-012023-12-3112201025core:PlantMachinery2023-01-012023-12-3112201025core:Vehicles2023-01-012023-12-3112201025core:FurnitureFittings2023-01-012023-12-3112201025core:OfficeEquipment2023-01-012023-12-3112201025dpl:AdministrativeExpenses2023-01-012023-12-3112201025core:NetGoodwill2023-01-012023-12-3112201025core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112201025dpl:GroupUndertakings2023-01-012023-12-3112201025dpl:ParticipatingInterests2023-01-012023-12-3112201025dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112201025core:ListedExchangeTraded2023-01-012023-12-3112201025dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112201025core:UnlistedNon-exchangeTraded2023-01-012023-12-3112201025dpl:CostSales2022-01-012022-12-3112201025dpl:DistributionCosts2022-01-012022-12-3112201025core:LandBuildings2022-01-012022-12-3112201025core:PlantMachinery2022-01-012022-12-3112201025core:Vehicles2022-01-012022-12-3112201025core:FurnitureFittings2022-01-012022-12-3112201025core:OfficeEquipment2022-01-012022-12-3112201025dpl:AdministrativeExpenses2022-01-012022-12-3112201025core:NetGoodwill2022-01-012022-12-3112201025core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112201025dpl:GroupUndertakings2022-01-012022-12-3112201025dpl:ParticipatingInterests2022-01-012022-12-3112201025dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112201025core:ListedExchangeTraded2022-01-012022-12-3112201025dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112201025core:UnlistedNon-exchangeTraded2022-01-012022-12-3112201025core:NetGoodwill2023-12-3112201025core:IntangibleAssetsOtherThanGoodwill2023-12-3112201025core:LandBuildings2023-12-3112201025core:PlantMachinery2023-12-3112201025core:Vehicles2023-12-3112201025core:FurnitureFittings2023-12-3112201025core:OfficeEquipment2023-12-3112201025core:AfterOneYear2023-12-3112201025core:WithinOneYear2023-12-3112201025core:ListedExchangeTraded2023-12-3112201025core:UnlistedNon-exchangeTraded2023-12-3112201025core:ShareCapital2023-12-3112201025core:SharePremium2023-12-3112201025core:RevaluationReserve2023-12-3112201025core:OtherReservesSubtotal2023-12-3112201025core:RetainedEarningsAccumulatedLosses2023-12-3112201025core:NetGoodwill2022-12-3112201025core:IntangibleAssetsOtherThanGoodwill2022-12-3112201025core:LandBuildings2022-12-3112201025core:PlantMachinery2022-12-3112201025core:Vehicles2022-12-3112201025core:FurnitureFittings2022-12-3112201025core:OfficeEquipment2022-12-3112201025core:AfterOneYear2022-12-3112201025core:WithinOneYear2022-12-3112201025core:ListedExch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INSPIRIT MANAGEMENT LIMITED

Registered Number
12201025
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

INSPIRIT MANAGEMENT LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

FARRANT, Albert
STAMP, William

Company Secretary

FARRANT, Albert

Registered Address

105 Piccadilly
London
W1J 7NJ

Registered Number

12201025 (England and Wales)
INSPIRIT MANAGEMENT LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets314,77715,743
14,77715,743
Current assets
Debtors4426,992398,785
Cash at bank and on hand409,89861,600
836,890460,385
Creditors amounts falling due within one year5(270,047)(331,451)
Net current assets (liabilities)566,843128,934
Total assets less current liabilities581,620144,677
Net assets581,620144,677
Capital and reserves
Other reserves5,0025,000
Profit and loss account576,618139,677
Shareholders' funds581,620144,677
The financial statements were approved and authorised for issue by the Board of Directors on 22 April 2024, and are signed on its behalf by:
FARRANT, Albert
Director
STAMP, William
Director

Registered Company No. 12201025
INSPIRIT MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', including the provisions of Section 1A “Small Entities” and the Companies Act 2006.
Functional and presentation currency
The financial statements are prepared in Pound Sterling, which is the functional currency of the Company and the currency of the environment in which the company operates.
Going concern
The financial statements have been prepared on a going-concern basis, as there is a reasonable expectation by the Directors that the business will continue in the foreseeable future.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for services supplied net of discounts and value added tax (VAT). Revenue from management services is recognised when the significant risks and rewards of ownership have transferred to the third party: the amount of revenue can be measured reliably: it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be reliably measured. Revenue from the rendering of services is recognised by reference to the stage of completion of the project or investment. The stage of completion of a project is measured by comparing the costs incurred for work performed to date to the total estimated project costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a project cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate. The company does not operate any defined benefit schemes.
Defined contribution pension plan
The Company pays into a defined contribution stakeholder pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. Inspirit Management Limited is part of a Tax Group. The Provision for Taxation for the period is calculated with reference to the Tax Group and the applicable tax rate for the period.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying value of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying value of an asset as a result of a revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated to write off the cost or revaluation of an asset, less its residual value, over the useful economic life of the asset, except in the case of Artwork (part of Furniture & Fittings) which is not depreciated due to the nature of the asset.

Straight line (years)
Fixtures and fittings3
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year76
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2316,17721,75837,935
Additions8875,7656,652
At 31 December 2317,06427,52344,587
Depreciation and impairment
At 01 January 238,66413,52822,192
Charge for year1,6895,9297,618
At 31 December 2310,35319,45729,810
Net book value
At 31 December 236,7118,06614,777
At 31 December 227,5138,23015,743
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables262,827159,369
Other debtors6,3105,715
Prepayments and accrued income157,855233,701
Total426,992398,785
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables69,52675,027
Taxation and social security79,058108,738
Other creditors-5,005
Accrued liabilities and deferred income121,463142,681
Total270,047331,451
There is no provision for taxation included in the financial statements for the year ended 31 December 2023. The company has availed from the group relief of its underlying subsidiaries resulting in nil taxable profits for the financial year ended 31 December 2023.
6.Events after reporting date
No events have arisen after the end of the financial period that affect the amounts reflected in these financial statements or the way that the amounts are disclosed.
7.Further information regarding the company's financial position
Due to the way that the company is funded, the revenue that it earns, coupled with the fact that the Company is expected to generate positive cash flows for the foreseeable future, the directors continue to adopt the going-concern basis of accounting in preparing these financial statements.
8.Description of reasons for any change in chosen formats of the financial statments
Certain items in the Balance Sheet have been disclosed differently in the financial statements for 2023 to that of 2022, thus impacting the 2022 comparatives.