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REGISTERED NUMBER: 06395582 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INNOVA PROPERTY CONSULTANTS LIMITED

INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,613 3,657
Investments 5 103,931 96,226
107,544 99,883

CURRENT ASSETS
Debtors 6 53,692 37,115
Cash at bank and in hand 87,388 98,090
141,080 135,205
CREDITORS
Amounts falling due within one year 7 76,521 46,931
NET CURRENT ASSETS 64,559 88,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,103

188,157

CREDITORS
Amounts falling due after more than one
year

8

(19,209

)

(29,359

)

PROVISIONS FOR LIABILITIES (903 ) (914 )
NET ASSETS 151,991 157,884

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 7,447 (24,712 )
Retained earnings 144,444 182,496
SHAREHOLDERS' FUNDS 151,991 157,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mr M D Kirkman - Director


INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Innova Property Consultants Limited 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: 06395582

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

All fixed assets are initially recorded at cost.

Financial instruments
Bank loans are measured at amortised cost using the effective interest rate.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Fixed asset investments
Fixed asset investments are re-stated to fair value at the year end using quoted prices at that date. With any changes in fair value going through the profit and loss account.

INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 608 20,316 20,924
Additions 291 869 1,160
At 31 December 2023 899 21,185 22,084
DEPRECIATION
At 1 January 2023 542 16,725 17,267
Charge for year 89 1,115 1,204
At 31 December 2023 631 17,840 18,471
NET BOOK VALUE
At 31 December 2023 268 3,345 3,613
At 31 December 2022 66 3,591 3,657

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 96,226
Additions 96,485
Disposals (120,939 )
Revaluations 32,159
At 31 December 2023 103,931
NET BOOK VALUE
At 31 December 2023 103,931
At 31 December 2022 96,226

The historic cost of listed investments was £96,484 (2022: £120,939).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,962 31,674
Directors' current accounts 25,508 489
Tax 8,609 -
Prepayments 2,613 4,952
53,692 37,115

INNOVA PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 06395582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,150 10,238
Trade creditors 14,589 4,994
Social security and other taxes 31,398 12,963
VAT 7,708 8,809
Other creditors 5,429 5,624
Accruals and deferred income 7,247 4,303
76,521 46,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-5 years 19,209 29,359

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 4,741 8,988
Between one and five years - 4,741
4,741 13,729

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023 (24,712 )
Reserve transfer 32,159

At 31 December 2023 7,447

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr M D Kirkman
Balance outstanding at start of year 489 (1 )
Amounts advanced 25,019 490
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,508 489