Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08227565 Ms Marie Cloonan Mr Keenan Rothwell Mr Keenan Rothwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08227565 2023-03-31 08227565 2024-03-31 08227565 2023-04-01 2024-03-31 08227565 frs-core:CurrentFinancialInstruments 2024-03-31 08227565 frs-core:Non-currentFinancialInstruments 2024-03-31 08227565 frs-core:ComputerEquipment 2024-03-31 08227565 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08227565 frs-core:ComputerEquipment 2023-03-31 08227565 frs-core:FurnitureFittings 2024-03-31 08227565 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08227565 frs-core:FurnitureFittings 2023-03-31 08227565 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08227565 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08227565 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08227565 frs-core:MotorVehicles 2024-03-31 08227565 frs-core:MotorVehicles 2023-04-01 2024-03-31 08227565 frs-core:MotorVehicles 2023-03-31 08227565 frs-core:ShareCapital 2024-03-31 08227565 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08227565 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08227565 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08227565 frs-bus:SmallEntities 2023-04-01 2024-03-31 08227565 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08227565 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08227565 frs-core:CostValuation 2023-03-31 08227565 frs-core:CostValuation 2024-03-31 08227565 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 08227565 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08227565 frs-bus:Director1 2023-04-01 2024-03-31 08227565 frs-bus:Director2 2023-04-01 2024-03-31 08227565 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 08227565 frs-countries:EnglandWales 2023-04-01 2024-03-31 08227565 2022-03-31 08227565 2023-03-31 08227565 2022-04-01 2023-03-31 08227565 frs-core:CurrentFinancialInstruments 2023-03-31 08227565 frs-core:Non-currentFinancialInstruments 2023-03-31 08227565 frs-core:ShareCapital 2023-03-31 08227565 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08227565
Inspired Homes Network Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Wright Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08227565
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,243 71,941
Investments 5 203 203
78,446 72,144
CURRENT ASSETS
Debtors 6 74,531 136,775
Cash at bank and in hand 213,488 137,893
288,019 274,668
Creditors: Amounts Falling Due Within One Year 7 (114,973 ) (169,737 )
NET CURRENT ASSETS (LIABILITIES) 173,046 104,931
TOTAL ASSETS LESS CURRENT LIABILITIES 251,492 177,075
Creditors: Amounts Falling Due After More Than One Year 8 (19,218 ) (23,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,329 ) (2,991 )
NET ASSETS 225,945 150,751
CAPITAL AND RESERVES
Called up share capital 10 302 302
Profit and Loss Account 225,643 150,449
SHAREHOLDERS' FUNDS 225,945 150,751
Page 1
Page 2
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 Keenan Rothwell
Director
12/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inspired Homes Network Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08227565 . The registered office is Penthryn, Eglwysbach, Colwyn Bay, Conwy, LL28 5UE.
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
Turnover is measured at the fair value of the consideration received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 2% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 19)
22 19
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 83,169 26,245 24,605 560 134,579
Additions - 15,000 623 - 15,623
Disposals - (26,245 ) - - (26,245 )
As at 31 March 2024 83,169 15,000 25,228 560 123,957
Depreciation
As at 1 April 2023 33,779 24,918 3,454 487 62,638
Provided during the period 1,638 2,500 3,783 73 7,994
Disposals - (24,918 ) - - (24,918 )
As at 31 March 2024 35,417 2,500 7,237 560 45,714
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 47,752 12,500 17,991 - 78,243
As at 1 April 2023 49,390 1,327 21,151 73 71,941
5. Investments
Subsidiaries
£
Cost
As at 1 April 2023 203
As at 31 March 2024 203
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 203
As at 1 April 2023 203
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 66,288 47,500
Amounts owed by subsidiaries 8,243 18,243
74,531 65,743
Due after more than one year
Other debtors - 71,032
74,531 136,775
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other loans 5,185 -
Corporation tax 42,405 26,026
Other taxes and social security 6,333 8,024
Other creditors 6,846 3,530
Accruals and deferred income 4,880 4,880
Directors' loan accounts - 46,933
Amounts owed to subsidiaries 39,324 70,344
114,973 169,737
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
Other loans 5,885 -
19,218 23,333
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 302 302
11. Related Party Transactions
The company owns the whole of the issued share capital in The Gables Rest Home Ltd (company number 03426263) and Inspired Assisted Living Ltd (company number 07223449), both of which are registered in the UK.
At ther year end the respective balances were due from The Gables Rest Home Ltd £39,324 (2023 £70,344l) and due to Inspired Homes Network Ltd £8,243 (2023 £18,244). 
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