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REGISTERED NUMBER: 08802839 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

INNPRIDE LIMITED

INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INNPRIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: B Bhagani
Mrs A Bhagani





REGISTERED OFFICE: 55 Elgood Avenue
Northwood
Middlesex
HA6 3QT





REGISTERED NUMBER: 08802839 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)

ABRIDGED BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 512 686
Investment property 5 1,000,000 1,000,000
1,000,512 1,000,686

CURRENT ASSETS
Cash at bank 98,837 100,349

CREDITORS
Amounts falling due within one year 96,416 70,904
NET CURRENT ASSETS 2,421 29,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,933

1,030,131

CREDITORS
Amounts falling due after more than one
year

(789,174

)

(829,907

)

PROVISIONS FOR LIABILITIES 6 (22,928 ) (22,928 )
NET ASSETS 190,831 177,296

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,731 177,196
SHAREHOLDERS' FUNDS 190,831 177,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)

ABRIDGED BALANCE SHEET - continued
31ST MAY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:




B Bhagani - Director



Mrs A Bhagani - Director


INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Innpride 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.

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
Turnover represents rent receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 1,220
DEPRECIATION
At 1st June 2023 534
Charge for year 174
At 31st May 2024 708
NET BOOK VALUE
At 31st May 2024 512
At 31st May 2023 686

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 1,000,000
NET BOOK VALUE
At 31st May 2024 1,000,000
At 31st May 2023 1,000,000

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2021 120,674
Cost 879,326
1,000,000

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 22,928 22,928

INNPRIDE LIMITED (REGISTERED NUMBER: 08802839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st June 2023 22,928
Balance at 31st May 2024 22,928