Registration number:
Innov@te Investments Ltd
for the Year Ended 30 November 2025
Innov@te Investments Ltd
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Innov@te Investments Ltd
Company Information
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Director |
Mr David Alan Dodd |
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Registered office |
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Accountants |
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Innov@te Investments Ltd
Director's Report for the Year Ended 30 November 2025
The director presents his report and the financial statements for the year ended 30 November 2025.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is letting of own property.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Mr David Alan Dodd
Director
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Innov@te Investments Ltd
for the Year Ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innov@te Investments Ltd for the year ended 30 November 2025 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Innov@te Investments Ltd, 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 Innov@te Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Innov@te Investments Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innov@te Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Innov@te Investments Ltd 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 of Innov@te Investments Ltd. You consider that Innov@te Investments Ltd 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 Innov@te Investments Ltd. 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 statutory accounts.
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Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ
Innov@te Investments Ltd
(Registration number: 11503552)
Balance Sheet as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
92,372 |
86,723 |
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Shareholders' funds |
92,373 |
86,724 |
For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Innov@te Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Innov@te Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Innov@te Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
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Staff numbers |
The average number of persons employed by the company during the year, was
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Investment properties |
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2025 |
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At 1 December |
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Fair value adjustments |
( |
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At 30 November |
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The current market value has been assessed based on an independent, online valuation provider.
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Debtors |
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2025 |
2024 |
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Prepayments |
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Other debtors |
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- |
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Innov@te Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Bank loans and overdrafts |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Innov@te Investments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Reserves |
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Note |
2025 |
2024 |
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Distributable reserves |
13,552 |
1,401 |
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Non-distributable reserves |
78,820 |
85,322 |
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92,372 |
86,723 |
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Financial commitments, guarantees and contingencies |
Amounts disclosed in the balance sheet
Included in the balance sheet are financial commitments of £533,918 (2024 - £533,918).
A charge registered 29 February 2020 secures the liability by a mortgage deed in the financial statements over property 5 Royal Oak Grange in the favour of 'Paratus AMC Limited'.
A charge registered 16 July 2020 secures the liability by a mortgage deed in the financial statements over property 66 Grove Road, Nuneaton in the favour of 'The Mortgage Works (UK) PLC'. This charge was satisfied on 21 August 2026.
A charge registered 20 December 2021 secures the liability by a mortgage deed in the financial statements over property 12 Currane Road in the favour of 'Paragon Bank PLC'.
A charge registered 24 January 2022 secures the liability by a mortgage deed in the financial statements over 66 Grove Road, Nuneaton in the favour of 'Paragon Bank PLC'.
A charge registered 8 February 2022 secures the liability by a mortgage deed in the financial statements over Flat 6 25 Spruce Road in the favour of 'Paragon Bank PLC'.
A charge registered 26 June 2023 secures the liability by a mortgage deed in the financial statements over 3 Weavers Close, Bulkington, Bedworth in the favour of 'Paragon Bank PLC'.
A charge registered 7 May 2024 secures the liability by a mortgage deed in the financial statements over 105 Waterside Road, Wellingborough in the favour of 'Paragon Bank PLC'.