Company registration number 01621849 (England and Wales)
INNSWORTH TECHNOLOGY PARK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
INNSWORTH TECHNOLOGY PARK LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
INNSWORTH TECHNOLOGY PARK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,094,929
11,075,800
Investments
4
250,075
250,075
12,345,004
11,325,875
Current assets
Debtors
373,244
282,719
Cash at bank and in hand
277
36,336
373,521
319,055
Creditors: amounts falling due within one year
(446,580)
(399,053)
Net current liabilities
(73,059)
(79,998)
Total assets less current liabilities
12,271,945
11,245,877
Creditors: amounts falling due after more than one year
(1,939,537)
(1,989,037)
Provisions for liabilities
(1,595,137)
(1,340,249)
Net assets
8,737,271
7,916,591
Capital and reserves
Called up share capital
6
196
196
Share premium account
1,999,950
1,999,950
Revaluation reserve
7
4,717,348
3,967,348
Capital redemption reserve
4
4
Profit and loss reserves
2,019,773
1,949,093
Total equity
8,737,271
7,916,591
INNSWORTH TECHNOLOGY PARK LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 October 2025 and are signed on its behalf by:
Mr G E Dowty
Director
Company registration number 01621849 (England and Wales)
INNSWORTH TECHNOLOGY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Innsworth Technology Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Innsworth Lane, Gloucester, Gloucestershire, United Kingdom, GL3 1DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

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

Rental income and service charges are recognised as income in the period to which they relate.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% on cost
Motor vehicles
25% on cost

The company values its properties annually and carries them at fair value in the Statement of Financial Position. As a result, no depreciation is provided on the carrying value of freehold and long leasehold properties.

1.4
Taxation

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year end and that are expected to apply to the reversal of the timing difference.

INNSWORTH TECHNOLOGY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
11,741,094
Additions
34,469
Revaluation
1,000,000
At 31 March 2025
12,775,563
Depreciation and impairment
At 1 April 2024
665,294
Depreciation charged in the year
15,340
At 31 March 2025
680,634
Carrying amount
At 31 March 2025
12,094,929
At 31 March 2024
11,075,800
INNSWORTH TECHNOLOGY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Tangible fixed assets
(Continued)
- 5 -

If the buildings had not been revalued, they would have been included at the following historical cost:

2025
2024
£
£
Cost
5,707,835
5,707,835
Value of land in freehold land and buildings
5,707,835
5,707,835

The sites were valued on an open market basis on 28 February 2025 by Savills and these values were adopted as fair value by the directors as at 31 March 2025.

In the view of the directors, this valuation remains applicable as at 31 March 2025.
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings
250,075
250,075
5
Loans and overdrafts
2025
2024
£
£
Bank loans
1,905,500
1,955,500
Bank overdrafts
73,991
-
0
1,979,491
1,955,500
Payable within one year
123,991
50,000
Payable after one year
1,855,500
1,905,500

Bank borrowings are secured by charges over the company's properties, a debenture over the company's assets and a cross-guarantee from the subsidiary company.

6
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
196
196
INNSWORTH TECHNOLOGY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Revaluation reserve
2025
2024
£
£
At the beginning of the year
3,967,348
3,967,348
Revaluation surplus arising in the year
1,000,000
-
0
Deferred tax on revaluation of tangible assets
(250,000)
-
At the end of the year
4,717,348
3,967,348
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Roger Downes FCA
Statutory Auditor:
BK Plus Limited
Date of audit report:
3 October 2025
9
Contingent liabilities

The company is party to a cross-guarantee given to the group's bankers in respect of the facilities provided not only to this company but also to its subsidiary company.

10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in 'Creditors due less than one year' is an amount owed to G E Dowty, a director of the company. The loan is interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date is £500 (2024: £500).

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