REGISTERED NUMBER: 05270761 (England and Wales)

INSINC PROPERTY LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

S R Walden

J J Nokes

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

05270761 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Fixed assets

Tangible assets

4

54,654

188

Investments

5

27,770

100,246

Investment property

6

1,349,999

1,374,999

1,432,423

1,475,433

Current assets

Debtors

7

29,536

5,685

Cash at bank

65,493

34,483

95,029

40,168

Creditors

Amounts falling due within one year

8

(86,397

)

(40,347

)

Net current assets/(liabilities)

8,632

(179

)

Total assets less current liabilities

1,441,055

1,475,254

Creditors

Amounts falling due after more than one year

9

-

(77,218

)

Provisions for liabilities

(71,584

)

(71,584

)

Net assets

1,369,471

1,326,452

Capital and reserves

Called up share capital

100

100

Fair value reserve

490,147

490,147

Retained earnings

879,224

836,205

1,369,471

1,326,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 November 2025 and were signed on its behalf by:

S R Walden - Director

1.	Statutory information

Insinc Property 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 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 amounts in these financial statements are rounded to the nearest pound.

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

Turnover

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is made up of rental income and this is recognised over the period in which it relates to.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

Investment property

Investment property, which is property held to earn rentals and/or the capital appreciation, is recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtor and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

17,206

-

549

17,755

Additions

-

61,009

-

61,009

At 31 March 2025

17,206

61,009

549

78,764

Depreciation

At 1 April 2024

17,018

-

549

17,567

Charge for year

188

6,355

-

6,543

At 31 March 2025

17,206

6,355

549

24,110

Net book value

At 31 March 2025

-

54,654

-

54,654

At 31 March 2024

188

-

-

188

5.	Fixed asset investments

Listed

investments

£

Cost or valuation

At 1 April 2024

100,246

Disposals

(75,246

)

Revaluations

2,770

At 31 March 2025

27,770

Net book value

At 31 March 2025

27,770

At 31 March 2024

100,246

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2025

27,770

Market value of listed investments at 31 March 2025 - £ 27,770 (2024 - £ 119,918 ).

6.	Investment property

Total

£

Fair value

At 1 April 2024

1,374,999

Disposals

(25,000

)

At 31 March 2025

1,349,999

Net book value

At 31 March 2025

1,349,999

At 31 March 2024

1,374,999

At 31 March 2025 the fair values of the investment properties were reviewed by the directors. The historical cost of the land and buildings held is £788,269 (2024 - £813,269).

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,349,999

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

1,519

Other debtors

29,536

4,166

29,536

5,685

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,651

-

Taxation and social security

28,395

23,905

Other creditors

55,351

16,442

86,397

40,347

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

-

77,218