INSPIREDSPACES NOTTINGHAM (PSP2) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Goodman Jones LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group had net liabilties of £752,000 as.at 31 December 2024 and generated a profit for the year then end of £260,000. The net liabilities position is caused by the interest rate swap liability, which is a long term liability that will be unwound over the concession period. Consequently, the directors are confident that the Group and Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. INSPIREDSPACES NOTTINGHAM (PSP2) LIMITED · parent
   1. Inspiredspaces Nottingham (Holdings1) Limited 72% · England · holding company

Significant events

• “The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks affecting the group are considered to relate to cash flow management, facility management compliance and review of the insurance cover and lifecycle profile. The group is exposed to inflation risk as some of its operational costs are RPI linked. This risk is mitigated as an element of the group's availability income is also linked to RPI. The board formally reviews risks and appropriate processes are put in place to mitigate them.”
• “The Group and Company has made qualifying third-party indemnity provisions for the benefit of its directors, which were made during the year and remain in force at the date of this report.”
• “The facilities are secured, by way of first fixed charge, over all of the assigned rights which the group now has, its present and future interest in the securities and all other stocks, shares, debentures, bonds and other securities, all account monies, all benefits in respect of insurances, all book and other debts and other monies due, its present and future goodwill and its present and future uncalled capital. They are also secured by way of a floating charge over the whole of the charged assets being the whole of the property (including uncalled capital) which is or may be from time to time comprised in the property and undertaking of the charger.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.2%

  £2,927,000 → £2,776,000

• Cash

  -7.8%

  £1,748,000 → £1,611,000

• Net assets

  +48%

  -£1,447,000 → -£752,000

• Employees

  —

  Not reported

• Profit before tax

  -9.2%

  £381,000 → £346,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers