Insight Specialist Spaces Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11111288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INSIGHT SPECIALIST SPACES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Winter-Tuck

B S Dickason

N C Matthews

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

11111288 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

3,777,220

3,645,000

CURRENT ASSETS

Debtors

5

6,372

5,525

Cash at bank

479,735

422,819

486,107

428,344

CREDITORS

Amounts falling due within one year

6

356,946

353,726

NET CURRENT ASSETS

129,161

74,618

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,906,381

3,719,618

CREDITORS

Amounts falling due after more than
one year

7

(1,821,735

)

(2,035,100

)

PROVISIONS FOR LIABILITIES

(93,868

)

(61,063

)

NET ASSETS

1,990,778

1,623,455

CAPITAL AND RESERVES

Called up share capital

8

100

Revaluation reserve

9

375,471

244,251

Capital redemption reserve

80

Retained earnings

1,615,127

1,379,024

SHAREHOLDERS' FUNDS

1,990,778

1,623,455

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 December 2025 and were signed on its behalf by:

B S Dickason - Director

1.	STATUTORY INFORMATION

Insight Specialist Spaces 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 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.

Tangible fixed assets

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

Freehold property

-

not provided

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.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2024

3,645,000

Additions

1,000

Revaluations

131,220

At 31 March 2025

3,777,220

NET BOOK VALUE

At 31 March 2025

3,777,220

At 31 March 2024

3,645,000

National Westminster Bank PLC maintains fixed and floating charges over the specific freehold properties of the company. These contain negative pledges,

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2021

744,338

Valuation in 2023

261,089

Valuation in 2024

(761,176

)

Valuation in 2025

132,220

Cost

3,400,749

3,777,220

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

2,440

5,525

Prepayments and accrued income

3,932

-

6,372

5,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

367

Tax

79,703

80,715

Other creditors

274,227

269,448

Directors' current accounts

797

Accrued expenses

2,219

2,399

356,946

353,726

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other creditors

1,821,735

2,035,100

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

25

A Ordinary

£1

45

25

B Ordinary

£1

45

25

C Ordinary

£1

5

25

D Ordinary

£1

5

100

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

244,251

Revaluation reserve

131,220

At 31 March 2025

375,471

10.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with its directors. At the year end, a director was owed £797 (2024: £797).

At the year end, the company owed Maples Community Care Limited £2,340 (2024: £2,340), a company in which Mr B S Dickason has significant control.

At the year end, the company owed £5,999 (2024: £Nil) to Maples Community Housing Limited, a company in which Mr B S Dickason has significant control.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.