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REGISTERED NUMBER: 03849643 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Innvestments Limited

Innvestments Limited (Registered number: 03849643)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Innvestments Limited

Company Information
for the Year Ended 31 December 2023







Director: Mr P Whiteman





Registered office: 48 Union Street
Hyde
Cheshire
SK14 1ND





Registered number: 03849643 (England and Wales)





Accountants: Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Innvestments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Innvestments Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Innvestments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Innvestments Limited and state those matters that we have agreed to state to the director of Innvestments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Innvestments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Innvestments Limited. You consider that Innvestments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Innvestments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND


19 September 2024

Innvestments Limited (Registered number: 03849643)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 653,803 657,433
653,803 657,433

Current assets
Stocks 23,773 28,125
Debtors 6 1,201,424 964,155
Cash at bank and in hand 168,927 335,023
1,394,124 1,327,303
Creditors
Amounts falling due within one year 7 465,515 495,706
Net current assets 928,609 831,597
Total assets less current liabilities 1,582,412 1,489,030

Provisions for liabilities 8,010 7,103
Net assets 1,574,402 1,481,927

Capital and reserves
Called up share capital 8 400,000 400,000
Retained earnings 1,174,402 1,081,927
Shareholders' funds 1,574,402 1,481,927

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.

Innvestments Limited (Registered number: 03849643)

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 Statement of Income and Retained Earnings 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 P Whiteman - Director


Innvestments Limited (Registered number: 03849643)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Innvestments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Kitchen equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Innvestments Limited (Registered number: 03849643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 34 (2022 - 35 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 35,000
Amortisation
At 1 January 2023
and 31 December 2023 35,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

Innvestments Limited (Registered number: 03849643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. Tangible fixed assets
Freehold Other Kitchen
property tangible equipment
£    £    £   
Cost
At 1 January 2023 607,684 1,240 139,303
Additions - - 7,010
At 31 December 2023 607,684 1,240 146,313
Depreciation
At 1 January 2023 - - 121,150
Charge for year - - 5,032
At 31 December 2023 - - 126,182
Net book value
At 31 December 2023 607,684 1,240 20,131
At 31 December 2022 607,684 1,240 18,153

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 197,346 1,200 40,470 987,243
Additions 580 - - 7,590
At 31 December 2023 197,926 1,200 40,470 994,833
Depreciation
At 1 January 2023 175,716 1,196 31,748 329,810
Charge for year 4,442 1 1,745 11,220
At 31 December 2023 180,158 1,197 33,493 341,030
Net book value
At 31 December 2023 17,768 3 6,977 653,803
At 31 December 2022 21,630 4 8,722 657,433

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,201,424 964,155

Innvestments Limited (Registered number: 03849643)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 34,534 39,073
Taxation and social security 97,635 120,904
Other creditors 333,346 335,729
465,515 495,706

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400,000 Ordinary £1 400,000 400,000