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REGISTERED NUMBER: 08394899 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

FOR

INSPIRED ACQUISITIONS LIMITED

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

INSPIRED ACQUISITIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024







DIRECTORS: Ms M A King
T King
Ms A O'Neill





REGISTERED OFFICE: 42A High Street
Broadstairs
Kent
CT10 1JT





REGISTERED NUMBER: 08394899 (England and Wales)





ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

BALANCE SHEET
30 JUNE 2024

30.6.24 31.1.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 169,646 171,858
Investments 5 1 1
Investment property 6 3,920,386 5,113,885
4,090,033 5,285,744

CURRENT ASSETS
Debtors 7 873,321 942,495
Cash at bank 59,888 159,905
933,209 1,102,400
CREDITORS
Amounts falling due within one year 8 61,014 127,045
NET CURRENT ASSETS 872,195 975,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,962,228

6,261,099

CREDITORS
Amounts falling due after more than one year 9 (6,129,310 ) (6,679,466 )

PROVISIONS FOR LIABILITIES (116,460 ) (116,460 )
NET LIABILITIES (1,283,542 ) (534,827 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 585,030 585,030
Retained earnings (1,868,672 ) (1,119,957 )
SHAREHOLDERS' FUNDS (1,283,542 ) (534,827 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

BALANCE SHEET - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Ms A O'Neill - Director


INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Inspired Acquisitions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 317,219
Additions 36,488
At 30 June 2024 353,707
DEPRECIATION
At 1 February 2023 145,361
Charge for period 38,700
At 30 June 2024 184,061
NET BOOK VALUE
At 30 June 2024 169,646
At 31 January 2023 171,858

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 24,984
Additions 31,300
At 30 June 2024 56,284
DEPRECIATION
At 1 February 2023 12,687
Charge for period 10,899
At 30 June 2024 23,586
NET BOOK VALUE
At 30 June 2024 32,698
At 31 January 2023 12,297

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 31 January 2023 1

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 5,113,885
Disposals (731,999 )
Revaluations (461,500 )
At 30 June 2024 3,920,386
NET BOOK VALUE
At 30 June 2024 3,920,386
At 31 January 2023 5,113,885

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 415,694
Valuation in 2016 176,886
Valuation in 2017 197,346
Valuation in 2018 3,107
Valuation in 2019 96,000
Valuation in 2020 6,000
Valuation in 2021 (328,549 )
Valuation in 2022 (80,000 )
Valuation in 2023 167,000
Valuation in 2024 (461,500 )
Cost 3,728,402
3,920,386

Investment property was valued on an open market basis on 30 June 2024 by the directors.

7. DEBTORS
30.6.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors - 67,382
Amounts owed by group undertakings 817,623 834,229
Amounts receivable in respect of finance leases 1,106 1,106
Other debtors 16,108 -
834,837 902,717

Amounts falling due after more than one year:
Amounts receivable in respect of finance leases 38,484 39,778

Aggregate amounts 873,321 942,495

INSPIRED ACQUISITIONS LIMITED (REGISTERED NUMBER: 08394899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.1.23
£    £   
Bank loans and overdrafts 47,180 75,745
Hire purchase contracts 9,405 4,241
Trade creditors - 18,631
Taxation and social security - 22,768
Other creditors 4,429 5,660
61,014 127,045

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 31.1.23
£    £   
Bank loans 1,267,447 1,350,546
Hire purchase contracts 26,697 7,696
Other creditors 4,835,166 5,321,224
6,129,310 6,679,466

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INSPIRED ACQUISITIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inspired Acquisitions Limited for the period ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Inspired Acquisitions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inspired Acquisitions Limited and state those matters that we have agreed to state to the Board of Directors of Inspired Acquisitions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inspired Acquisitions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inspired Acquisitions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Inspired Acquisitions Limited. You consider that Inspired Acquisitions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Inspired Acquisitions 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 statutory financial statements.






Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT


4 June 2025