Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31The principal activity of the company continued to be the provision of consultancy services for activities of venture and development capital companies2023-09-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09160546 2023-09-01 2024-08-31 09160546 2022-09-01 2023-08-31 09160546 2024-08-31 09160546 2023-08-31 09160546 2022-09-01 09160546 c:PriorPeriodIncreaseDecrease 2022-09-01 2023-08-31 09160546 d:Director1 2023-09-01 2024-08-31 09160546 c:FurnitureFittings 2023-09-01 2024-08-31 09160546 c:FurnitureFittings 2024-08-31 09160546 c:FurnitureFittings 2023-08-31 09160546 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09160546 c:ComputerEquipment 2023-09-01 2024-08-31 09160546 c:ComputerEquipment 2024-08-31 09160546 c:ComputerEquipment 2023-08-31 09160546 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09160546 c:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09160546 c:CurrentFinancialInstruments 2024-08-31 09160546 c:CurrentFinancialInstruments 2023-08-31 09160546 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 09160546 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 09160546 c:ShareCapital 2024-08-31 09160546 c:ShareCapital 2023-08-31 09160546 c:ShareCapital 2022-09-01 09160546 c:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 09160546 c:RetainedEarningsAccumulatedLosses 2024-08-31 09160546 c:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 09160546 c:RetainedEarningsAccumulatedLosses 2023-08-31 09160546 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-09-01 2023-08-31 09160546 c:RetainedEarningsAccumulatedLosses 2022-09-01 09160546 d:OrdinaryShareClass1 2023-09-01 2024-08-31 09160546 d:OrdinaryShareClass1 2024-08-31 09160546 d:OrdinaryShareClass1 2023-08-31 09160546 d:FRS102 2023-09-01 2024-08-31 09160546 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09160546 d:FullAccounts 2023-09-01 2024-08-31 09160546 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09160546 2 2023-09-01 2024-08-31 09160546 6 2023-09-01 2024-08-31 09160546 c:AcceleratedTaxDepreciationDeferredTax 2024-08-31 09160546 c:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09160546 e:PoundSterling 2023-09-01 2024-08-31 09160546 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-09-01 2023-08-31 09160546 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-09-01 09160546 c:PreviouslyStatedAmount 2022-09-01 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09160546














INSPIRING INVEST LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
INSPIRING INVEST LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 9


 
INSPIRING INVEST LIMITED
REGISTERED NUMBER:09160546

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
721
961

Investments
 6 
1,375,138
1,847,368

  
1,375,859
1,848,329

Current assets
  

Debtors: amounts falling due within one year
 7 
1,381,294
1,383,098

Cash at bank and in hand
 8 
255,497
200,799

  
1,636,791
1,583,897

Creditors: amounts falling due within one year
 9 
(106,308)
(307,962)

Net current assets
  
 
 
1,530,483
 
 
1,275,935

Total assets less current liabilities
  
2,906,342
3,124,264

Provisions for liabilities
  

Deferred tax
 10 
(180)
(240)

  
 
 
(180)
 
 
(240)

Net assets
  
2,906,162
3,124,024


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
2,906,161
3,124,023

  
2,906,162
3,124,024


1

 
INSPIRING INVEST LIMITED
REGISTERED NUMBER:09160546
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.




L Damiani
Director

The notes on pages 4 to 9 form part of these financial statements.

2

 
INSPIRING INVEST LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2022 (as previously stated)
1
3,466,691
3,466,692

Prior year adjustment - correction of error
-
(290,940)
(290,940)


At 1 September 2022 (as restated)
1
3,175,751
3,175,752



Loss for the year
-
(34,278)
(34,278)

Dividends: Equity capital
-
(17,450)
(17,450)



At 1 September 2023
1
3,124,023
3,124,024



Loss for the year
-
(113,862)
(113,862)

Dividends: Equity capital
-
(104,000)
(104,000)


At 31 August 2024
1
2,906,161
2,906,162


The notes on pages 4 to 9 form part of these financial statements.

3

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Inspiring Invest Limited is a private company, limited by shares, registered in England and Wales, registration number 09160546. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company continued to be the provision of consultancy services for activities of venture and development capital companies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised by the company in respect of consultancy services supplied during the year. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

4

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight line method
Computer equipment
-
25%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

5

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Associates

Associates are held at cost less impairment.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

 Creditors

Short term creditors are measured at the transaction price. 

 
2.13

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).


4.


Dividends

2024
2023
£
£


Dividends
104,000
17,450

6

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 September 2023
897
4,305
5,202



At 31 August 2024

897
4,305
5,202



Depreciation


At 1 September 2023
897
3,344
4,241


Charge for the year 
-
240
240



At 31 August 2024

897
3,584
4,481



Net book value



At 31 August 2024
-
721
721



At 31 August 2023
-
961
961


6.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost


At 1 September 2023
4,283
1,843,085
1,847,368


Disposals
-
(472,230)
(472,230)



At 31 August 2024
4,283
1,370,855
1,375,138




7

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Debtors


2024
2023
£
£


Amounts owed by related party
1,366,298
1,381,938

Other debtors
3,507
480

Prepayments
11,484
675

Tax recoverable
5
5

1,381,294
1,383,098


Included in debtors due within one year is a loan of €1,600,000 repayable on demand to a company under common control with a rate of interest of 1% per annum. 


8.


Cash

2024
2023
£
£

Cash at bank
255,497
200,799



9.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
3,848
4,954

Corporation tax
94,849
298,440

Other creditors
2,611
268

Accruals
5,000
4,300

106,308
307,962


8

 
INSPIRING INVEST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(240)
(320)


Charged to profit or loss
60
80



At end of year
(180)
(240)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(180)
(240)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


There is a single class of shares. There are no restrictions on the distributions of dividends and the repayment of capital.



12.


Related party transactions

As at the year end, the company owed £2,611 (2023 - £268) to the director. This loan is interest free and repayable on demand.
During the year, the company paid dividends of £104,000 (2023 - £17,450) to the director.

 
9