Acorah Software Products - Accounts Production 16.8.310 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10698271 Mr Inderpal Gujral Dr Sareena Gujral iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10698271 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-03-31 10698271 2024-03-31 10698271 2025-03-31 10698271 2024-04-01 2025-03-31 10698271 frs-core:CurrentFinancialInstruments 2025-03-31 10698271 frs-core:Non-currentFinancialInstruments 2025-03-31 10698271 frs-core:FurnitureFittings 2025-03-31 10698271 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10698271 frs-core:FurnitureFittings 2024-03-31 10698271 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 10698271 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 10698271 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 10698271 frs-core:PlantMachinery 2025-03-31 10698271 frs-core:PlantMachinery 2024-04-01 2025-03-31 10698271 frs-core:PlantMachinery 2024-03-31 10698271 frs-core:RevaluationReserve 2025-03-31 10698271 frs-core:ShareCapital 2025-03-31 10698271 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10698271 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10698271 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10698271 frs-bus:SmallEntities 2024-04-01 2025-03-31 10698271 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10698271 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10698271 frs-bus:Director1 2024-04-01 2025-03-31 10698271 frs-bus:Director2 2024-04-01 2025-03-31 10698271 frs-countries:EnglandWales 2024-04-01 2025-03-31 10698271 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 10698271 2023-03-31 10698271 2024-03-31 10698271 2023-04-01 2024-03-31 10698271 frs-core:CurrentFinancialInstruments 2024-03-31 10698271 frs-core:Non-currentFinancialInstruments 2024-03-31 10698271 frs-core:RevaluationReserve 2024-03-31 10698271 frs-core:ShareCapital 2024-03-31 10698271 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10698271
Innovative Real Estate Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr Inderpal Gujral
Dr Sareena Gujral
Company Number 10698271
Registered Office 378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Accountants Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Innovative Real Estate Limited For The Year Ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innovative Real Estate Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Innovative Real Estate Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Innovative Real Estate Limited and state those matters that we have agreed to state to the directors of Innovative Real Estate Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innovative Real Estate Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Innovative Real Estate Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Innovative Real Estate Limited . You consider that Innovative Real Estate Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Innovative Real Estate Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
16 January 2026
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 2
Page 3
Balance Sheet
Registered number: 10698271
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,419,570 1,419,991
1,419,570 1,419,991
CURRENT ASSETS
Debtors 5 588 500
Cash at bank and in hand 5,142 684
5,730 1,184
Creditors: Amounts Falling Due Within One Year 6 (377,292 ) (368,381 )
NET CURRENT ASSETS (LIABILITIES) (371,562 ) (367,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,048,008 1,052,794
Creditors: Amounts Falling Due After More Than One Year 7 (1,159,026 ) (1,157,079 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (2,301 ) (2,301 )
NET LIABILITIES (113,319 ) (106,586 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 10,296 10,296
Profit and Loss Account (123,715 ) (116,982 )
SHAREHOLDERS' FUNDS (113,319) (106,586)
Page 3
Page 4
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Inderpal Gujral
Director
16 January 2026
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Innovative Real Estate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10698271 . The registered office is 378 Walsall Road, Perry Barr, Birmingham, B42 2LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents amounts receivable for rent and services.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 5
Page 6
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 1,417,359 1,436 3,155 1,421,950
As at 31 March 2025 1,417,359 1,436 3,155 1,421,950
Depreciation
As at 1 April 2024 - 823 1,136 1,959
Provided during the period - 98 323 421
As at 31 March 2025 - 921 1,459 2,380
Net Book Value
As at 31 March 2025 1,417,359 515 1,696 1,419,570
As at 1 April 2024 1,417,359 613 2,019 1,419,991
There has been no change in the valuation of the investment properties at year end as the directors believe this to be an appropriate value for the rental market in the area where the properties are situated.
Cost or valuation as at 31 March 2025 represented by:
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 1,417,359 1,436 3,155 1,421,950
1,417,359 1,436 3,155 1,421,950
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 588 500
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,778 3,176
Bank loans and overdrafts 14,243 3,273
Other creditors 358,950 359,586
Taxation and social security 2,321 2,346
377,292 368,381
Page 6
Page 7
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,020,094 1,018,044
Other loans 138,932 139,035
1,159,026 1,157,079
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 1,020,094 1,018,044
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 1,020,094 1,018,044
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 2,301 2,301
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The opening balance on the directors loan account was credit balance of £357,976. Total net debit and credits were Debit of £885 (2024 - credit of £15,851 ). Closing balance at the year end on 31.03.2025 was credit balance of £357,090.
Page 7