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COMPANY REGISTRATION NUMBER: 15786871
Inspire Design (Holdings) Limited
Filleted Unaudited Financial Statements
For the period ended
31 March 2025
Inspire Design (Holdings) Limited
Financial Statements
Period from 18 June 2024 to 31 March 2025
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Inspire Design (Holdings) Limited
Officers and Professional Advisers
The board of directors
Mr A D Cook
Mrs T S Cook
Registered office
2 Oldfield Road
Bocam Park
Bridgend
Wales
CF35 5LJ
Accountants
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Inspire Design (Holdings) Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Inspire Design (Holdings) Limited
Period from 18 June 2024 to 31 March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
13 August 2025
Inspire Design (Holdings) Limited
Statement of Financial Position
31 March 2025
31 Mar 25
Note
£
£
Fixed assets
Investments
4
226,130
Current assets
Debtors
5
64,086
Cash at bank and in hand
10
--------
64,096
Creditors: amounts falling due within one year
6
291,152
---------
Net current liabilities
227,056
---------
Total assets less current liabilities
( 926)
----
Net liabilities
( 926)
----
Capital and reserves
Called up share capital
100
Profit and loss account
( 1,026)
-------
Shareholders deficit
( 926)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Inspire Design (Holdings) Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
Mr A D Cook
Director
Company registration number: 15786871
Inspire Design (Holdings) Limited
Notes to the Financial Statements
Period from 18 June 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Shares in group undertakings
£
Cost
At 18 June 2024
Additions
226,130
---------
At 31 March 2025
226,130
---------
Impairment
At 18 June 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
226,130
---------
On 25 October 2024 the company purchased 96% of the called up share capital of Inspire Design Limited.
5. Debtors
31 Mar 25
£
Other debtors
64,086
--------
6. Creditors: amounts falling due within one year
31 Mar 25
£
Amounts owed to group undertakings
290,402
Other creditors
750
---------
291,152
---------
7. Directors' advances, credits and guarantees
The transactions with the directors in the year were as follows:
Mr A & Mrs T Cook
£
Introduced 225,000
Withdrawn (12,000)
Transfer from inter company (276,986)
---------
Balance owed from the directors at 31 March 2025 (63,986)
---------
8. Incorporation and comparatives
The company was incorporated on 18 June 2024. Therefore, there are no comparatives to report.