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REGISTERED NUMBER: 02930578 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

INNCASE ENTERPRISES LIMITED

INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INNCASE ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs Z Ravon





SECRETARY: Mr R Ravon





REGISTERED OFFICE: 4 Autumn Rise
10 Oakhill Avenue
London
NW3 7RE





REGISTERED NUMBER: 02930578 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,350,000 2,950,000
3,350,000 2,950,000

CURRENT ASSETS
Debtors 6 10,666 27,491
Cash at bank 1,479,052 1,332,301
1,489,718 1,359,792
CREDITORS
Amounts falling due within one year 7 (531,934 ) (528,327 )
NET CURRENT ASSETS 957,784 831,465
TOTAL ASSETS LESS CURRENT LIABILITIES 4,307,784 3,781,465

CREDITORS
Amounts falling due after more than one
year

8

(1,900,000

)

(1,900,000

)

PROVISIONS FOR LIABILITIES 9 (378,483 ) (280,385 )
NET ASSETS 2,029,301 1,601,080

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 1,823,071 1,423,071
Retained earnings 205,230 177,009
SHAREHOLDERS' FUNDS 2,029,301 1,601,080

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

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

The director acknowledges her 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.

INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 19 March 2025 and were signed by:





Mrs Z Ravon - Director


INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

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


1. STATUTORY INFORMATION

Inncase Enterprises 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 7,343
DEPRECIATION
At 1 November 2023
and 31 October 2024 7,343
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

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


5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2023 2,950,000
Revaluations 400,000
At 31 October 2024 3,350,000
NET BOOK VALUE
At 31 October 2024 3,350,000
At 31 October 2023 2,950,000

Cost or valuation at 31 October 2024 is represented by:
£   
Valuation in 1996 50,300
Valuation in 1997 223,152
Valuation in 2007 45,090
Valuation in 2014 800,000
Valuation in 2015 300,000
Valuation in 2023 4,529
Valuation in 2024 400,000
Cost 1,526,929
3,350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 10,666 27,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 40,441 24,366
Other creditors 491,493 503,961
531,934 528,327

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 1,900,000 1,900,000

INNCASE ENTERPRISES LIMITED (REGISTERED NUMBER: 02930578)

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


9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 378,483 280,385

Deferred
tax
£   
Balance at 1 November 2023 280,385
Provided during year 98,098
Balance at 31 October 2024 378,483

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary £1 1 1,000 1,000

11. RESERVES
Fair
value
reserve
£   
At 1 November 2023 1,423,071
Fair value adjustment 400,000

At 31 October 2024 1,823,071

12. ULTIMATE CONTROLLING PARTY

The parent undertaking is Tel on Holdings Development (1990) Ltd, a company incorporated in Israel.