Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08881202 E J Stein J P Stein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08881202 2023-02-28 08881202 2024-02-29 08881202 2023-03-01 2024-02-29 08881202 frs-core:CurrentFinancialInstruments 2024-02-29 08881202 frs-core:ComputerEquipment 2024-02-29 08881202 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08881202 frs-core:ComputerEquipment 2023-02-28 08881202 frs-core:ShareCapital 2024-02-29 08881202 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08881202 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08881202 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08881202 frs-bus:SmallEntities 2023-03-01 2024-02-29 08881202 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08881202 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08881202 frs-bus:Director1 2023-03-01 2024-02-29 08881202 frs-bus:Director2 2023-03-01 2024-02-29 08881202 frs-countries:EnglandWales 2023-03-01 2024-02-29 08881202 2022-02-28 08881202 2023-02-28 08881202 2022-03-01 2023-02-28 08881202 frs-core:CurrentFinancialInstruments 2023-02-28 08881202 frs-core:ShareCapital 2023-02-28 08881202 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08881202
Inspire Property London Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08881202
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 232,852 232,852
Cash at bank and in hand 9,715 12,874
242,567 245,726
Creditors: Amounts Falling Due Within One Year 6 (52,956 ) (53,634 )
NET CURRENT ASSETS (LIABILITIES) 189,611 192,092
TOTAL ASSETS LESS CURRENT LIABILITIES 189,611 192,092
NET ASSETS 189,611 192,092
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 189,511 191,992
SHAREHOLDERS' FUNDS 189,611 192,092
Page 1
Page 2
For the year ending 29 February 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
J P Stein
Director
26 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inspire Property London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08881202 . The registered office is Avaland House, 110 London Road, Hemel Hempstead, Hertfordshire, HP3 9SD.
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.
The company ceased trading on 29 February 2020. The directors therefore do not consider the going concern basis of accounting appropriate. No adjustment was required to the assets and liabilities at 29 February 2024 as a result of the going concern basis no longer being applied.
2.2. 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:
Computer Equipment 20% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,746
As at 29 February 2024 1,746
Depreciation
As at 1 March 2023 1,746
As at 29 February 2024 1,746
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by associates 232,852 232,852
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 654 -
Accruals and deferred income 654 1,000
Directors' loan accounts 51,452 52,438
Amounts owed to associates 196 196
52,956 53,634
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Vaboo Limited
A company in which J Stein is a controlling shareholder. The amount due from the related party at the Balance Sheet date is £232,852 (2023: £232,852). The loan is repayable on demand.
Dunfield Developments Limited
A company in which J Stein is a joint shareholder. The amount due to the related party at the Balance Sheet date is £196 (2023: £196).The loan is repayable on demand.
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