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 |