Registered number
13734749
Inspire Developments (SE) Limited
Filleted Accounts
For the year ended 30 November 2023
Inspire Developments (SE) Limited
Registered number: 13734749
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 200,000 200,000
Current assets
Debtors 4 1,121 1,051
Creditors: amounts falling due within one year 5 (11,072) (7,945)
Net current liabilities (9,551) (6,894)
Total assets less current liabilities 190,449 193,106
Creditors: amounts falling due after more than one year 6 (200,000) (200,000)
Net liabilities (9,551) (6,894)
Capital and reserves
Called up share capital 2 2
Profit and loss account (9,553) (6,896)
Shareholders' funds (9,551) (6,894)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip Mark Turner
Director
Approved by the board on 25 November 2024
Inspire Developments (SE) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Over the expected useful life of each building
Going Concern
The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. Other creditor who is owed by the company will not recall loan owed to him until the company turns into profitability and financially able to repay. Also, the company is in agreement with the other creditor, who will continue to provide financial support to the company.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions -
At 30 November 2023 200,000
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 200,000
4 Debtors 2023 2022
£ £
Other taxes and social security refund 1,121 1,051
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,225 6,325
Other creditors 3,847 1,620
11,072 7,945
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 200,000 200,000
7 Other information
Inspire Developments (SE) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Harrow Business Centre
429-433 Pinner Road
Harrow
Middlesex
HA1 4HN
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