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Inter Research Partners Limited
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Inter Research Partners Limited For The Year Ended 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inter Research Partners Limited For The Year Ended 28 February 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Inter Research Partners Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Inter Research Partners Limited and state those matters that we have agreed to state to the director of Inter Research Partners Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inter Research Partners Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Inter Research Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Inter Research Partners Limited . You consider that Inter Research Partners Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Inter Research Partners Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
27 November 2024
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
Statement of Financial Position
Registered number: 13215344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 12,609 12,259
12,609 12,259
Creditors: Amounts Falling Due Within One Year (5,122 ) (12,228 )
NET CURRENT ASSETS (LIABILITIES) (5,122 ) (12,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,487 31
NET ASSETS 7,487 31
CAPITAL AND RESERVES
Called up share capital 5 1 1
Income Statement 7,486 30
SHAREHOLDERS' FUNDS 7,487 31
Page 2
Page 3
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr William Greenwell
Director
27 November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Inter Research Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13215344 . The registered office is 11 Bagehott Close, Droitwich, Worcestershire, WR9 8UJ.
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 or receivable, excluding discounts, rebates, value added tax and other sales tax.
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:
Plant & machinery 25% on reducing balance
Fixtures & fittings 20% on reducing balance
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible assets
Plant & machinery Fixtures & fittings Total
£ £ £
Cost
As at 1 March 2023 15,733 1,166 16,899
Additions 4,447 - 4,447
As at 28 February 2024 20,180 1,166 21,346
Depreciation
As at 1 March 2023 4,284 356 4,640
Provided during the period 3,975 122 4,097
As at 28 February 2024 8,259 478 8,737
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2024 11,921 688 12,609
As at 1 March 2023 11,449 810 12,259
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5