Company Registration No. 01715728 (England and Wales)
INNERSET SECURITIES LIMITED
Unaudited accounts
for the year ended 31 August 2025
INNERSET SECURITIES LIMITED
Unaudited accounts
Contents
INNERSET SECURITIES LIMITED
Company Information
for the year ended 31 August 2025
Directors
Mr P B Mitchell
Mrs A Mitchell
Company Number
01715728 (England and Wales)
Registered Office
12 PROWSE AVENUE
BUSHEY HEATH
HERTS
WD23 1JR
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
INNERSET SECURITIES LIMITED
Statement of financial position
as at 31 August 2025
Tangible assets
2,084
2,599
Investment property
2,316,226
2,316,226
Debtors
1,203,392
1,156,800
Cash at bank and in hand
2,667
20,369
Creditors: amounts falling due within one year
(292,976)
(316,014)
Net current assets
950,304
898,376
Total assets less current liabilities
3,269,610
3,218,197
Creditors: amounts falling due after more than one year
(1,111,000)
(1,111,000)
Provisions for liabilities
Deferred tax
(173,124)
(173,124)
Net assets
1,985,486
1,934,073
Called up share capital
100
100
Revaluation reserve
919,372
919,372
Profit and loss account
1,066,014
1,014,601
Shareholders' funds
1,985,486
1,934,073
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by
Mr P B Mitchell
Director
Company Registration No. 01715728
INNERSET SECURITIES LIMITED
Notes to the Accounts
for the year ended 31 August 2025
INNERSET SECURITIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01715728. The registered office is 12 PROWSE AVENUE, BUSHEY HEATH, HERTS, WD23 1JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover, represents rents receivable excluding VAT. Turnover is recognised in accordance with the due dates under the terms of the lease agreement.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance - 25%
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are shown at fair value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
INNERSET SECURITIES LIMITED
Notes to the Accounts
for the year ended 31 August 2025
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost.
Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
4,611
2,754
7,365
At 31 August 2025
4,611
3,464
8,075
At 1 September 2024
3,662
1,104
4,766
Charge for the year
433
792
1,225
At 31 August 2025
4,095
1,896
5,991
At 31 August 2025
516
1,568
2,084
At 31 August 2024
949
1,650
2,599
Fair value at 1 September 2024
2,316,226
At 31 August 2025
2,316,226
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Investments
Subsidiary undertakings
Valuation at 1 September 2024
996
Valuation at 31 August 2025
996
Amounts falling due within one year
Other debtors
1,203,392
1,156,800
INNERSET SECURITIES LIMITED
Notes to the Accounts
for the year ended 31 August 2025
8
Investments held as current assets
2025
2024
Listed investments
37,221
37,221
9
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,020
13,533
Other creditors
257,167
263,085
Deferred income
11,105
16,712
10
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,111,000
1,111,000
11
Average number of employees
During the year the average number of employees was 3 (2024: 3).