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Registered number: 14828137









INGENIUM (ACE) HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
INGENIUM (ACE) HOLDINGS LIMITED
REGISTERED NUMBER: 14828137

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Investments
 4 
1,006,705

  
1,006,705

Current assets
  

Debtors: amounts falling due within one year
 5 
100

Cash at bank and in hand
 6 
7

  
107

Creditors: amounts falling due within one year
 7 
(63,390)

Net current (liabilities)/assets
  
 
 
(63,283)

Total assets less current liabilities
  
943,422

Creditors: amounts falling due after more than one year
 8 
(575,633)

  

Net assets
  
367,789


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
367,689

  
367,789


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 on 16 April 2025.



Page 1

 
INGENIUM (ACE) HOLDINGS LIMITED
REGISTERED NUMBER: 14828137
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


Bipin Jagubhai Patel
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
INGENIUM (ACE) HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
401,689
401,689


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
401,689
401,689


Contributions by and distributions to owners

Dividends: Equity capital
-
(34,000)
(34,000)

Shares issued during the period
100
-
100


Total transactions with owners
100
(34,000)
(33,900)


At 30 April 2024
100
367,689
367,789

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
INGENIUM (ACE) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Ingenium (Ace) Holdings Limited was incorporated in the United Kingdom on 26 April 2023.
The company's registered office is 71 Francis Road, Edgbaston, Birmingham B16 8SP.
The financial statements are presented in sterling which is the functional currency of the LLP and the
financial statements are rounded to the nearest £1.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
INGENIUM (ACE) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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 balance sheet date in the countries where the Company operates and generates income.


 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

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.

Page 5

 
INGENIUM (ACE) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


       30 April
        2024
            No.






Director
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,006,705



At 30 April 2024
1,006,705




The investment in subsidiary undertakings relate to a 100% holding of Applied Computing Limited (Company number 07621542).
The registered office of the subsidiary undertaking is Daresbury Innovation Centre, Sci-Tech Daresbury Keckwick Lane, Daresbury, Warrington, England, WA4 4FS.


5.


Debtors

2024
£


Called up share capital not paid
100

100


Page 6

 
INGENIUM (ACE) HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
7

7



7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
560

Other creditors
62,830

63,390



8.


Creditors: Amounts falling due after more than one year

2024
£

Other creditors
575,633

575,633


 
Page 7