Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseNo description of principal activity11falsetruefalse 07906442 2023-02-01 2024-01-31 07906442 2022-02-01 2023-01-31 07906442 2024-01-31 07906442 2023-01-31 07906442 c:Director1 2023-02-01 2024-01-31 07906442 d:FreeholdInvestmentProperty 2024-01-31 07906442 d:FreeholdInvestmentProperty 2023-01-31 07906442 d:CurrentFinancialInstruments 2024-01-31 07906442 d:CurrentFinancialInstruments 2023-01-31 07906442 d:Non-currentFinancialInstruments 2024-01-31 07906442 d:Non-currentFinancialInstruments 2023-01-31 07906442 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07906442 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07906442 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07906442 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 07906442 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 07906442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 07906442 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 07906442 d:ShareCapital 2024-01-31 07906442 d:ShareCapital 2023-01-31 07906442 d:InvestmentPropertiesRevaluationReserve 2024-01-31 07906442 d:InvestmentPropertiesRevaluationReserve 2023-01-31 07906442 d:RetainedEarningsAccumulatedLosses 2024-01-31 07906442 d:RetainedEarningsAccumulatedLosses 2023-01-31 07906442 c:OrdinaryShareClass1 2023-02-01 2024-01-31 07906442 c:OrdinaryShareClass1 2024-01-31 07906442 c:OrdinaryShareClass1 2023-01-31 07906442 c:FRS102 2023-02-01 2024-01-31 07906442 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07906442 c:FullAccounts 2023-02-01 2024-01-31 07906442 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07906442 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 07906442







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


INCATRONIX PROPERTIES LIMITED






































img3c83.png                        

 


INCATRONIX PROPERTIES LIMITED
REGISTERED NUMBER:07906442



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
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 
337,548
259,333

Cash at bank and in hand
  
197,185
151,271

  
534,733
410,604

Creditors: amounts falling due within one year
 6 
(189,483)
(150,986)

Net current assets
  
 
 
345,250
 
 
259,618

Total assets less current liabilities
  
3,395,250
3,309,618

Creditors: amounts falling due after more than one year
 7 
(412,455)
(453,404)

Provisions for liabilities
  

Provisions
  
(345,244)
(345,244)

  
 
 
(345,244)
 
 
(345,244)

Net assets
  
2,637,551
2,510,970


Capital and reserves
  

Called up share capital 
 9 
100
100

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

Profit and loss account
  
1,028,312
901,731

  
2,637,551
2,510,970


Page 1

 


INCATRONIX PROPERTIES LIMITED
REGISTERED NUMBER:07906442


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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: 




................................................
G R Janney
Director

Date: 31 October 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 2024

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 2024

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
3,050,000



At 31 January 2024
3,050,000

The 2024 valuations were made by the director of the company, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 February 2023
1,609,139
1,609,139

At 31 January 2024
1,609,139
1,609,139





5.


Debtors

2024
2023
£
£

Page 4

 


INCATRONIX PROPERTIES LIMITED
 


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

5.Debtors (continued)


Amounts owed by joint ventures and associated undertakings
204,937
210,476

Prepayments and accrued income
132,611
48,857

337,548
259,333



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
43,756
46,564

Corporation tax
69,181
28,126

Other taxation and social security
1,350
1,350

Other creditors
73,946
73,946

Accruals and deferred income
1,250
1,000

189,483
150,986



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
412,455
453,404

412,455
453,404


The following liabilities were secured:

2024
2023
£
£



Loans
456,211
499,968

456,211
499,968

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 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
43,756
46,564


43,756
46,564

Amounts falling due 1-2 years

Bank loans
43,757
46,564


43,757
46,564

Amounts falling due 2-5 years

Bank loans
118,812
139,154


118,812
139,154

Amounts falling due after more than 5 years

Bank loans
249,886
267,686

249,886
267,686

456,211
499,968



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

At the balance sheet date the company owed £73,946 (2023: £73,946) to the director(s). The balance can be found within creditors due within one year. No interest is being charged on this loan.
At the balance sheet date, the company was owed £204,937 (2023: £210,476) by respective related parties. The balance can be found within debtors. The balance is interest-free.

Page 6