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REGISTERED NUMBER: 11782997 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

INCLUSION PROPERTIES LTD

INCLUSION PROPERTIES LTD (REGISTERED NUMBER: 11782997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INCLUSION PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: O S Elbanna





SECRETARY:





REGISTERED OFFICE: 2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS





REGISTERED NUMBER: 11782997 (England and Wales)





ACCOUNTANTS: Devereux & Co
2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS

INCLUSION PROPERTIES LTD (REGISTERED NUMBER: 11782997)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404,824 405,159

CURRENT ASSETS
Cash at bank 1,104 2,243

CREDITORS
Amounts falling due within one year 5 171,041 342,489
NET CURRENT LIABILITIES (169,937 ) (340,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,887

64,913

CREDITORS
Amounts falling due after more than one
year

6

97,663

-
NET ASSETS 137,224 64,913

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 137,223 64,912
SHAREHOLDERS' FUNDS 137,224 64,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 October 2024 and were signed by:




O S Elbanna - Director


INCLUSION PROPERTIES LTD (REGISTERED NUMBER: 11782997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Inclusion Properties Ltd 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.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

INCLUSION PROPERTIES LTD (REGISTERED NUMBER: 11782997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 404,584 1,763 406,347
DEPRECIATION
At 1 February 2023 - 1,188 1,188
Charge for year - 335 335
At 31 January 2024 - 1,523 1,523
NET BOOK VALUE
At 31 January 2024 404,584 240 404,824
At 31 January 2023 404,584 575 405,159

Included in cost of land and buildings is freehold land of £ 404,584 (2023 - £ 404,584 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,140 168,059
Trade creditors 3,630 109
Taxation and social security 16,298 13,940
Other creditors 136,973 160,381
171,041 342,489

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 97,663 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 111,803 168,059

8. ULTIMATE CONTROLLING PARTY

The controlling party is O S Elbanna.