0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 950,000 118,851 950,000 xbrli:pure xbrli:shares iso4217:GBP 11272947 2023-04-01 2024-03-31 11272947 2024-03-31 11272947 2023-03-31 11272947 2022-04-01 2023-03-31 11272947 2023-03-31 11272947 2022-03-31 11272947 bus:Director1 2023-04-01 2024-03-31 11272947 core:AfterOneYear 2023-03-31 11272947 core:WithinOneYear 2024-03-31 11272947 core:WithinOneYear 2023-03-31 11272947 core:ShareCapital 2024-03-31 11272947 core:ShareCapital 2023-03-31 11272947 core:RetainedEarningsAccumulatedLosses 2024-03-31 11272947 core:RetainedEarningsAccumulatedLosses 2023-03-31 11272947 core:RevaluationInvestmentPropertyDeferredTax 2023-03-31 11272947 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 11272947 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 11272947 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11272947 bus:SmallEntities 2023-04-01 2024-03-31 11272947 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11272947 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11272947 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11272947 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 11272947
CH INSPIRED INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
CH INSPIRED INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
4
950,000
Current assets
Debtors
5
1,413,500
1,094,299
Cash at bank and in hand
292,323
16,836
-------------
-------------
1,705,823
1,111,135
Creditors: amounts falling due within one year
6
1,388,720
1,130,826
-------------
-------------
Net current assets/(liabilities)
317,103
( 19,691)
----------
----------
Total assets less current liabilities
317,103
930,309
Creditors: amounts falling due after more than one year
7
468,250
Provisions
22,582
----------
----------
Net assets
317,103
439,477
----------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
317,003
439,377
----------
----------
Shareholders funds
317,103
439,477
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CH INSPIRED INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
T.L. Carvall
Director
Company registration number: 11272947
CH INSPIRED INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kirkstone, Hazel Way, Chipstead, Surrey, CR5 3PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
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.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Freehold property
£
Cost or valuation
At 1st April 2023
950,000
Revaluations
( 118,851)
Transfers
( 831,149)
----------
At 31st March 2024
----------
Depreciation
At 1st April 2023 and 31st March 2024
----------
Carrying amount
At 31st March 2024
----------
At 31st March 2023
950,000
----------
The investment property was transferred to inventory during the year. The historic cost of the property was £831,149.
5. Debtors
2024
2023
£
£
Other debtors
1,413,500
1,094,299
-------------
-------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
287,046
3,613
Corporation tax
5,536
Other creditors
1,101,674
1,121,677
-------------
-------------
1,388,720
1,130,826
-------------
-------------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
468,250
----
----------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2023: £468,250) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
22,582
----
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Fair value adjustment of investment property
22,582
----
---------