Inspire Construction (Se) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14356985

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,144,744		1,033,401

			1,144,744		1,033,401
CURRENT ASSETS
Debtors	5	6,400		11,664
Cash at bank and in hand		19,213		165,649

		25,613		177,313
Creditors: Amounts Falling Due Within One Year	6	(1,246,342 )		(1,239,182 )

NET CURRENT ASSETS (LIABILITIES)			(1,220,729 )		(1,061,869 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(75,985 )		(28,468 )

NET LIABILITIES			(75,985 )		(28,468 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(76,085 )		(28,568 )

SHAREHOLDERS' FUNDS			(75,985)		(28,468)

For the year ending 30 September 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 her 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 Profit and Loss Account.

On behalf of the board

Mrs Karen Layzell

Director

23 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Inspire Construction (Se) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14356985 . The registered office is Rocknell Manor Farm, , Westleigh, Tiverton, England, EX16 7ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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).

2.2. Going Concern Disclosure

The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. The company director, 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 creditors and director will continue to provide financial support to the company.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investment Property

	2024
	£
Fair Value
As at 1 October 2023	1,033,401
Additions	111,343

As at 30 September 2024	1,144,744

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	6,325	-
VAT	75	11,664

	6,400	11,664

Page 2

Page 3

Inspire Construction (Se) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	473,197	473,197
Other taxes and social security	-	5,150
Other creditors	773,145	760,835

	1,246,342	1,239,182

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Other information

Inspire Construction (SE) Limited is a private company limited by shares and incorporated in England. Its registered office is:

Rocknell Manor Farm,

Westleigh

Tiverton

England

EX16 7ES

Page 3