Inspire To Independence (Property) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05103427 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

INSPIRE TO INDEPENDENCE (PROPERTY)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N B Beebeejaun

Miss R Majothi

REGISTERED OFFICE:

6 Saxon Place

Heworth

York

North Yorkshire

YO31 8UE

REGISTERED NUMBER:

05103427 (England and Wales)

ACCOUNTANTS:

Brodericks (York) Ltd

3 Cayley Court

Clifton Moor

York

North Yorkshire

YO30 4WH

FIXED ASSETS

Tangible assets

4

1,136

1,953

Investment property

5

1,250,000

1,250,000

1,251,136

1,251,953

CURRENT ASSETS

Debtors

6

1,169

-

Cash at bank

43,941

1,699

45,110

1,699

CREDITORS

Amounts falling due within one year

7

266,089

501,833

NET CURRENT LIABILITIES

(220,979

)

(500,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,030,157

751,819

CREDITORS

Amounts falling due after more than one year

8

(529,573

)

(251,167

)

PROVISIONS FOR LIABILITIES

(78,355

)

(78,355

)

NET ASSETS

422,229

422,297

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

422,130

422,198

SHAREHOLDERS' FUNDS

422,229

422,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 30 June 2020 and were signed on its behalf by:

Mrs N B Beebeejaun - Director

1.	STATUTORY INFORMATION

Inspire To Independence (Property) 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.

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

-

33% on cost and 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

10,248

Additions

1,169

At 30 April 2020

11,417

DEPRECIATION

At 1 May 2019

8,295

Charge for year

1,986

At 30 April 2020

10,281

NET BOOK VALUE

At 30 April 2020

1,136

At 30 April 2019

1,953

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2019

and 30 April 2020

1,250,000

NET BOOK VALUE

At 30 April 2020

1,250,000

At 30 April 2019

1,250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

1,169

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

64,595

48,695

Taxation and social security

175

9,531

Other creditors

201,319

443,607

266,089

501,833

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

529,573

251,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

271,193

26,700

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

594,168

299,862