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Registered number: 09701784
Innopros Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr Amrik Kler
Mr Taran Kler
Mr Aaron Kler
Mrs Lata Kler
Company Number 09701784
Registered Office 378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Accountants Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Innopros Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innopros Ltd which comprise the Profit and Loss Account, the 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/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Innopros Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Innopros Ltd and state those matters that we have agreed to state to the directors of Innopros Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innopros Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Innopros Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Innopros Ltd . You consider that Innopros Ltd 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 accounts of Innopros Ltd . 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 financial statements.
Signed
9 October 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 2
Page 3
Balance Sheet
Registered number: 09701784
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 600 -
Investment Properties 5 965,564 965,564
966,164 965,564
CURRENT ASSETS
Cash at bank and in hand 28,567 48,408
28,567 48,408
Creditors: Amounts Falling Due Within One Year 6 (675,399 ) (690,275 )
NET CURRENT ASSETS (LIABILITIES) (646,832 ) (641,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 319,332 323,697
Creditors: Amounts Falling Due After More Than One Year 7 (199,183 ) (212,130 )
NET ASSETS 120,149 111,567
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 120,148 111,566
SHAREHOLDERS' FUNDS 120,149 111,567
Page 3
Page 4
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amrik Kler
Director
9 October 2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Innopros Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09701784 . The registered office is 378 Walsall Road, Perry Barr, Birmingham, B42 2LX.

Innopros Ltd is part of a group of companies headed by Lata Holdings Ltd, a private company, limited by shares, incorporated in England, registered number 09701850 . The registered office is 378 Walsall Road, Perry Barr, Birmingham, West Midlands, B42 2LX.

Lata Holdings Ltd is the parent undertaking of this small group and is exempt from preparing group accounts.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rental income is recognised when receivable under the terms of lindividual lease agreements relating to each property.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 1)
4 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 -
Additions 800
As at 31 March 2024 800
Depreciation
As at 1 April 2023 -
Provided during the period 200
As at 31 March 2024 200
Net Book Value
As at 31 March 2024 600
As at 1 April 2023 -
The fair value of the properties at 31 March 2022 have been arrived at on the basis of valuations carried out at that date by the director, who is not a professionally qualified valuer. The valuations were arrived at by reference to market evidence of transaction prices for similar properties in their locations and take into account the depressed state of the rental market in the area where the properties are situated.
Page 6
Page 7
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 965,564
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,780 15,410
Amounts owed to group undertakings 662,958 662,958
Other creditors 5,789 7,981
Taxation and social security 1,872 3,926
675,399 690,275
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 199,183 212,130
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 199,182 199,161
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 203,962 227,405
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Lata Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
Page 7