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REGISTERED NUMBER: 01265893 (England and Wales)















INCLYNE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024






INCLYNE LTD (REGISTERED NUMBER: 01265893)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


INCLYNE LTD (REGISTERED NUMBER: 01265893)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,928 66,271

CURRENT ASSETS
Debtors 5 - 1,318
Cash at bank 36,066 25,822
36,066 27,140
CREDITORS
Amounts falling due within one year 6 11,847 9,562
NET CURRENT ASSETS 24,219 17,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,147

83,849

CREDITORS
Amounts falling due after more than one
year

7

(72,800

)

(72,800

)

ACCRUALS AND DEFERRED INCOME (4,029 ) (4,118 )
NET ASSETS 13,318 6,931

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 13,315 6,928
SHAREHOLDERS' FUNDS 13,318 6,931

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

INCLYNE LTD (REGISTERED NUMBER: 01265893)

BALANCE SHEET - continued
31 MARCH 2024


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 20 November 2024 and were signed on its behalf by:





Mrs J M Howell - Director


INCLYNE LTD (REGISTERED NUMBER: 01265893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Inclyne Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01265893

Registered office: 9 Llwyn Derw Close
West Cross
Swansea
SA3 5AF

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & Buildings - 2% on cost
Improvements to property - Straight line over 6 years
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land & Short to Office
Buildings leasehold property equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 March 2024 59,392 1,612 19,578 782 81,364
DEPRECIATION
At 1 August 2023 4,200 - 10,113 780 15,093
Charge for period 133 - 210 - 343
At 31 March 2024 4,333 - 10,323 780 15,436
NET BOOK VALUE
At 31 March 2024 55,059 1,612 9,255 2 65,928
At 31 July 2023 55,192 1,612 9,465 2 66,271

INCLYNE LTD (REGISTERED NUMBER: 01265893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 49,000 (2023 - £ 49,000 ) which is not depreciated.

In the opinion of the directors, the value of land and buildings would be £135,000. However, under the current Covid-19 pandemic affecting all commercial and domestic property sales by placing them all on hold, it has been decided not to reflect any revaluation changes in the historic value of the land and buildings, as at present, there is no foreseeable market for the property and the directors feel it is prudent that the value reflected in the accounts remains at the original historic cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,860 1,116
Other creditors 9,987 8,446
11,847 9,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 72,800 72,800

8. RELATED PARTY DISCLOSURES

Monies were owed to the directors at the year end amounting to £81,767 (2023 £80,347) this figure being included in creditors payable in under one year of £8,967 (2023 £7,547) and over one year of £72,800 (2023 £72,800).
The company is under the control of its directors who holds 100% of the issued share capital.