REGISTERED NUMBER: 09140015 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Inspired Property Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A King

Mrs M A King

SECRETARY:

T A King

REGISTERED OFFICE:

Riverside House

24 Mill Lane

St Radigunds

Canterbury

CT1 2AW

REGISTERED NUMBER:

09140015 (England and Wales)

ACCOUNTANTS:

Xeinadin

Unit D

South Cambs Business Park

Sawston

Cambridge

Cambridgeshire

CB22 3JH

FIXED ASSETS

Investment property

4

2,598,799

2,598,799

CURRENT ASSETS

Debtors

5

1,198

1,206

Investments

6

1,000

-

Cash at bank

223,351

2,824

225,549

4,030

CREDITORS

Amounts falling due within one year

7

602,189

741,365

NET CURRENT LIABILITIES

(376,640

)

(737,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,222,159

1,861,464

CREDITORS

Amounts falling due after more than one year

8

(1,688,639

)

(1,354,680

)

PROVISIONS FOR LIABILITIES

(109,385

)

(109,385

)

NET ASSETS

424,135

397,399

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

360,518

360,518

Retained earnings

63,517

36,781

424,135

397,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 29 October 2025 and were signed on its behalf by:

T A King - Director

1.	STATUTORY INFORMATION

Inspired Property Ltd. 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.

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 year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

2,598,799

NET BOOK VALUE

At 31 January 2025

2,598,799

At 31 January 2024

2,598,799

The land and buildings relate solely to freehold investment property. All the investment properties held by the company were revalued to £2,598,799 on 31 January 2024. The valuations were carried out by the directors in order to reflect the fair values at the valuation date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,198

1,206

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

1,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

4,483

Other creditors

602,189

736,882

602,189

741,365

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,688,639

1,354,680

9.

RESERVES

Fair

value

reserve

£

At 1 February 2024

and 31 January 2025

360,518