INCOMS SYSTEMS LIMITED

Company Registration Number:
01598275 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

INCOMS SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

INCOMS SYSTEMS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 29,317 43,976
Investments: 4 4,477,123 4,134,055
Total fixed assets: 4,506,440 4,178,031
Current assets
Debtors:   4,876,997 4,007,856
Cash at bank and in hand: 57,038 121,709
Investments: 5 6,219,161 6,350,401
Total current assets: 11,153,196 10,479,966
Creditors: amounts falling due within one year:   (2,387,990) (2,206,008)
Net current assets (liabilities): 8,765,206 8,273,958
Total assets less current liabilities: 13,271,646 12,451,989
Creditors: amounts falling due after more than one year:   (931,117) (843,641)
Total net assets (liabilities): 12,340,529 11,608,348
Capital and reserves
Called up share capital: 151,900 151,900
Share premium account: 53,360 53,360
Profit and loss account: 12,135,269 11,403,088
Shareholders funds: 12,340,529 11,608,348

The notes form part of these financial statements

INCOMS SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 March 2025
and signed on behalf of the board by:

Name: Paul Sonabend
Status: Director

The notes form part of these financial statements

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Motor vehicles are depreciated at 25% straight line

Valuation and information policy

Listed investments are valued at market value as at the year end. Unlisted investments are valued at cost

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 58,635
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 58,635
Depreciation
At 01 January 2024 14,659
Charge for year 14,659
On disposals 0
At 31 December 2024 29,318
Net book value
At 31 December 2024 29,317
At 31 December 2023 43,976

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investments are valued at cost which remains fair value

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Current investments

Investments in Listed Companies At 1 January 2024 6,350,401 Disposals (486,000) Adjustment to fair value 354,760 At 31 December 2024 6,219,160

INCOMS SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Related party transactions

Name of the related party: Paul Sonabend
Relationship:
Director
Description of the Transaction: The director made an unsecured loan to the company. Interest is payable at commercial rates.
£
Balance at 01 January 2024 2,137,162
Balance at 31 December 2024 2,364,857
Name of the related party: Relendex Ltd
Relationship:
Associated Company
Description of the Transaction: Investment in fractionalised loan parts managed by Relendex
£
Balance at 01 January 2024 4,007,856
Balance at 31 December 2024 4,876,128