Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3112022-02-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07906442 2022-02-01 2023-01-31 07906442 2021-02-01 2022-01-31 07906442 2023-01-31 07906442 2022-01-31 07906442 c:Director1 2022-02-01 2023-01-31 07906442 d:FreeholdInvestmentProperty 2023-01-31 07906442 d:FreeholdInvestmentProperty 2022-01-31 07906442 d:CurrentFinancialInstruments 2023-01-31 07906442 d:CurrentFinancialInstruments 2022-01-31 07906442 d:Non-currentFinancialInstruments 2023-01-31 07906442 d:Non-currentFinancialInstruments 2022-01-31 07906442 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07906442 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07906442 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07906442 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 07906442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 07906442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-01-31 07906442 d:ShareCapital 2023-01-31 07906442 d:ShareCapital 2022-01-31 07906442 d:InvestmentPropertiesRevaluationReserve 2023-01-31 07906442 d:InvestmentPropertiesRevaluationReserve 2022-01-31 07906442 d:RetainedEarningsAccumulatedLosses 2023-01-31 07906442 d:RetainedEarningsAccumulatedLosses 2022-01-31 07906442 c:OrdinaryShareClass1 2022-02-01 2023-01-31 07906442 c:OrdinaryShareClass1 2023-01-31 07906442 c:OrdinaryShareClass1 2022-01-31 07906442 c:FRS102 2022-02-01 2023-01-31 07906442 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07906442 c:FullAccounts 2022-02-01 2023-01-31 07906442 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 07906442







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


INCATRONIX PROPERTIES LIMITED






































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INCATRONIX PROPERTIES LIMITED
REGISTERED NUMBER:07906442



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
3,050,000
3,050,000

  
3,050,000
3,050,000

Current assets
  

Debtors: amounts falling due within one year
 5 
259,333
210,476

Cash at bank and in hand
  
151,271
117,277

  
410,604
327,753

Creditors: amounts falling due within one year
 6 
(150,986)
(145,983)

Net current assets
  
 
 
259,618
 
 
181,770

Total assets less current liabilities
  
3,309,618
3,231,770

Creditors: amounts falling due after more than one year
 7 
(453,404)
(498,307)

Provisions for liabilities
  

Provisions
  
(345,244)
(345,244)

  
 
 
(345,244)
 
 
(345,244)

Net assets
  
2,510,970
2,388,219


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
  
1,609,139
1,609,139

Profit and loss account
  
901,731
778,980

  
2,510,970
2,388,219


Page 1

 


INCATRONIX PROPERTIES LIMITED
REGISTERED NUMBER:07906442


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Guy Janney
Director

Date: 5 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


INCATRONIX PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Incatronix Properties 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised on a straight line basis over the year in which the rental relates.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


INCATRONIX PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
3,050,000



At 31 January 2023
3,050,000

The 2023 valuations were made by the director of the company, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 February 2022
1,609,139
1,609,139

At 31 January 2023
1,609,139
1,609,139





5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
210,476
210,476

Prepayments and accrued income
48,857
-

259,333
210,476

Page 4

 


INCATRONIX PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.Debtors (continued)



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
46,564
48,768

Trade creditors
-
900

Corporation tax
28,126
20,169

Other taxation and social security
1,350
1,200

Other creditors
73,946
73,946

Accruals and deferred income
1,000
1,000

150,986
145,983



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
453,404
498,307

453,404
498,307


The following liabilities were secured:

2023
2022
£
£



Loans
499,968
547,075

499,968
547,075

Details of security provided:

There is a mortgage and debenture over the property and assets of the company.

Page 5

 


INCATRONIX PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
46,564
48,768


46,564
48,768

Amounts falling due 1-2 years

Bank loans
46,564
49,217


46,564
49,217

Amounts falling due 2-5 years

Bank loans
139,154
153,520


139,154
153,520

Amounts falling due after more than 5 years

Bank loans
267,686
295,570

267,686
295,570

499,968
547,075



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 6