REGISTERED NUMBER: 12012422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

INSPIRED PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Grint

Mrs C L Grint

REGISTERED OFFICE:

Lothing House

7 Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

12012422 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

263,957

264,865

CURRENT ASSETS

Stocks

266,128

448,427

Debtors

5

13,600

34,600

Cash at bank

433,384

192,209

713,112

675,236

CREDITORS

Amounts falling due within one year

6

(485,701

)

(440,068

)

NET CURRENT ASSETS

227,411

235,168

TOTAL ASSETS LESS CURRENT LIABILITIES

491,368

500,033

CREDITORS

Amounts falling due after more than one year

7

(141,000

)

(141,000

)

PROVISIONS FOR LIABILITIES

8

(17,825

)

(17,825

)

NET ASSETS

332,543

341,208

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

46,273

46,273

Retained earnings

10

286,170

294,835

SHAREHOLDERS' FUNDS

332,543

341,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 9 September 2026 and were signed on its behalf by:

Mrs C L Grint - Director

1.	STATUTORY INFORMATION

Inspired Property Developments 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.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2025

and 31 May 2026

260,000

10,234

270,234

DEPRECIATION

At 1 June 2025

-

5,369

5,369

Charge for year

-

908

908

At 31 May 2026

-

6,277

6,277

NET BOOK VALUE

At 31 May 2026

260,000

3,957

263,957

At 31 May 2025

260,000

4,865

264,865

Cost or valuation at 31 May 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

62,956

-

62,956

Cost

197,044

10,234

207,278

260,000

10,234

270,234

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Other debtors

13,600

34,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade creditors

-

8,147

Taxation and social security

14,843

9,825

Other creditors

470,858

422,096

485,701

440,068

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans

141,000

141,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

141,000

141,000

8.	PROVISIONS FOR LIABILITIES

31.5.26

31.5.25

£

£

Deferred tax

17,825

17,825

Deferred

tax

£

Balance at 1 June 2025

17,825

Balance at 31 May 2026

17,825

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2025

294,835

46,273

341,108

Profit for the year

47,335

47,335

Dividends

(56,000

)

(56,000

)

At 31 May 2026

286,170

46,273

332,443

11.	OTHER FINANCIAL COMMITMENTS

Following from the previous year the company was in receipt of two loans, which had been repaid during this year, however, the following amounts were subsequently re-entered into a loan agreement and which are to be repaid following the completion of the sale of a property during the financial year to 31st May 2027.

The lenders and amounts are as follows;

Internet Affiliation Ltd £150,000

Mr and Mrs Rose £ 75,000

12.	ULTIMATE CONTROLLING PARTY