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REGISTERED NUMBER: 06973824 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Incendia Group Limited

Incendia Group Limited (Registered number: 06973824)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Incendia Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I Williams
J Smith





SECRETARY: I Williams





REGISTERED OFFICE: Castle Chambers
Suite 8, 3rd Floor
43 Castle Street
Liverpool
Merseyside
L2 9SH





REGISTERED NUMBER: 06973824 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Incendia Group Limited (Registered number: 06973824)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,000 93,000
Investments 5 343,008 343,008
436,008 436,008

CURRENT ASSETS
Debtors 6 214,388 269,270
Cash at bank 1 25
214,389 269,295
CREDITORS
Amounts falling due within one year 7 125,000 179,701
NET CURRENT ASSETS 89,389 89,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,397

525,602

CAPITAL AND RESERVES
Called up share capital 506,136 506,136
Share premium 8 21,951 21,951
Retained earnings 8 (2,690 ) (2,485 )
SHAREHOLDERS' FUNDS 525,397 525,602

Incendia Group Limited (Registered number: 06973824)

Statement of Financial Position - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 31 October 2024 and were signed on its behalf by:





I Williams - Director


Incendia Group Limited (Registered number: 06973824)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Incendia Group 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 93,000
NET BOOK VALUE
At 31 December 2023 93,000
At 31 December 2022 93,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 343,008
NET BOOK VALUE
At 31 December 2023 343,008
At 31 December 2022 343,008

Incendia Group Limited (Registered number: 06973824)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 214,388 244,270
Other debtors - 25,000
214,388 269,270

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings - 29,701
Other creditors 125,000 150,000
125,000 179,701

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (2,485 ) 21,951 19,466
Deficit for the year (205 ) (205 )
At 31 December 2023 (2,690 ) 21,951 19,261

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
I Williams
Balance outstanding at start of year 25,000 25,000
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,000

10. RELATED PARTY DISCLOSURES

The company owns 100% of Incendia Payment Solutions Limited, a company in which I Williams has a material interest in.

At the year end the company was owed £125,093 (2022: £154,955) from Incendia Payment Solutions Limited.

At the year end the company owed £nil (2022: £29,701) to Incendia Professional Services Limited which is a wholly owned subsidiary of Incendia Payment Solutions Limited.

At the year end the company was owed £89,295 (2022 - £65,500) from Incendia Card Services Limited which is a wholly owned subsidiary of Incendia Card Solutions Limited.

As at the year end the company was owed £nil (2022: £23,815) from Incendia Card Solutions Limited a wholly owned subsidiary.