INSPIRED HOTELS LIMITED


Directors	BROWN, Stephen Clive
	CUSHWAY, Mark


Registered Address	Kentisbury Grange
	Kentisbury
	Barnstaple
	EX31 4NL


Registered Number	07813349 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets			89,211		102,998
Tangible assets			1,150,114		1,179,717
			1,239,325		1,282,715
Current assets
Debtors	3	216,908		250,196
Cash at bank and on hand		125,287		253,854
		342,195		504,050
Creditors amounts falling due within one year	4	(693,732)		(643,488)
Net current assets (liabilities)			(351,537)		(139,438)
Total assets less current liabilities			887,788		1,143,277
Creditors amounts falling due after one year	5		(1,166,348)		(1,164,773)
Provisions for liabilities	6		(15,018)		(15,018)
Net assets			(293,578)		(36,514)
Capital and reserves
Profit and loss account			(293,578)		(36,514)
Shareholders' funds			(293,578)		(36,514)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2025, and are signed on its behalf by:

CUSHWAY, Mark
Director
Registered Company No. 07813349

INSPIRED HOTELS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	34		34

3.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	88,723	39,586
Other debtors	29,989	9,870
Prepayments and accrued income	6,956	26,248
Total	125,668	75,704

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	321,248	379,331
Bank borrowings and overdrafts	185	-
Taxation and social security	249,969	183,772
Other creditors	-	19,401
Accrued liabilities and deferred income	122,330	60,984
Total	693,732	643,488

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	1,161,000	1,161,000
Other creditors	5,348	3,773
Total	1,166,348	1,164,773

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	15,018	15,018
Total	15,018	15,018