Ingenuity Connect Limited 15297328 false 2023-11-20 2024-07-31 2024-07-31 The principal activity of the company is the development, promotion, marketing and selling of digital solutions and related activities, including digital solutions to sports and rights holders, and acting as a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true false 15297328 2023-11-20 2024-07-31 15297328 2024-07-31 15297328 bus:OrdinaryShareClass1 2024-07-31 15297328 core:CurrentFinancialInstruments 2024-07-31 15297328 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 15297328 core:AdditionsToInvestments 2024-07-31 15297328 core:CostValuation 2024-07-31 15297328 bus:SmallEntities 2023-11-20 2024-07-31 15297328 bus:AuditExemptWithAccountantsReport 2023-11-20 2024-07-31 15297328 bus:FilletedAccounts 2023-11-20 2024-07-31 15297328 bus:SmallCompaniesRegimeForAccounts 2023-11-20 2024-07-31 15297328 bus:RegisteredOffice 2023-11-20 2024-07-31 15297328 bus:Director1 2023-11-20 2024-07-31 15297328 bus:Director2 2023-11-20 2024-07-31 15297328 bus:OrdinaryShareClass1 2023-11-20 2024-07-31 15297328 bus:PrivateLimitedCompanyLtd 2023-11-20 2024-07-31 15297328 core:Subsidiary1 2023-11-20 2024-07-31 15297328 core:Subsidiary1 1 2023-11-20 2024-07-31 15297328 countries:EnglandWales 2023-11-20 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15297328

Ingenuity Connect Limited

Unaudited Filleted Financial Statements

for the Period from 20 November 2023 to 31 July 2024

 

Ingenuity Connect Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ingenuity Connect Limited

Company Information

Directors

Mr N R Upton

Mr M S Luckwell

Registered office

Sedgwick
Dunally Park
Shepperton
TW17 8LJ

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Ingenuity Connect Limited

(Registration number: 15297328)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Investments

4

85

Current assets

 

Debtors

5

26,729

Cash at bank and in hand

 

16,243

 

42,972

Creditors: Amounts falling due within one year

6

(151,145)

Net current liabilities

 

(108,173)

Net liabilities

 

(108,088)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(108,188)

Shareholders' deficit

 

(108,088)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 


Mr N R Upton
Director

 

Ingenuity Connect Limited

Notes to the Unaudited Financial Statements for the Period from 20 November 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sedgwick
Dunally Park
Shepperton
TW17 8LJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, as the directors are confident of the continued financial support of the company's major shareholders to ensure that there are sufficient funds to meet all liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Ingenuity Connect Limited

Notes to the Unaudited Financial Statements for the Period from 20 November 2023 to 31 July 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investments

2024
£

Investments in subsidiaries

85

Subsidiaries

£

Cost or valuation

Additions

85

At 31 July 2024

85

Carrying amount

At 31 July 2024

85

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Ingenuity Loop Limited

Sedgwick, Dunally Park, Shepperton, England, TW17 8LJ

Ordinary

85%

 

Ingenuity Connect Limited

Notes to the Unaudited Financial Statements for the Period from 20 November 2023 to 31 July 2024

5

Debtors

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

22,915

Other debtors

3,814

26,729

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

1,381

Taxation and social security

3,984

Accruals and deferred income

2,150

Other creditors

143,630

151,145

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

8

Related party transactions

At 31 July 2024 there was a balance of £129,949 due to the director of the company which is included within other creditors. This is unsecured, interest free and with no fixed terms of repayment.