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Registered number: 04548059









INKA HOLDINGS (UK) LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INKA HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 04548059

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
616,907
641,173

Investments
 6 
120,631
120,631

  
737,538
761,804

Current assets
  

Debtors: amounts falling due within one year
 7 
-
18,004

Cash at bank and in hand
  
121,555
54,188

  
121,555
72,192

Creditors: amounts falling due within one year
 8 
(232,925)
(172,269)

Net current liabilities
  
 
 
(111,370)
 
 
(100,077)

Total assets less current liabilities
  
626,168
661,727

Creditors: amounts falling due after more than one year
 9 
(538,072)
(572,068)

  

Net assets
  
88,096
89,659


Capital and reserves
  

Called up share capital 
  
250
250

Profit and loss account
  
87,846
89,409

  
88,096
89,659


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
INKA HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 04548059
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 May 2025.




M Böhmer
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Inka Holdings (UK) Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 1, Horndon Industrial Park, West Horndon, Brentwood, Essex, CM13 3XL.
The prinipal activity of the company during the year was that of a property holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is measured at the fair value of consideration received or receivable and represents the amount receivable for services rendered, net of value added taxes.
The company’s source of revenue is from the rental of property let to its subsidiary. Revenue is recognised in the accounting period in which the property is occupied.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
25 years straight line on buildings

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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. 

  
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cashflows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Investments in non-convertible preference shares are measured at cost less impairment.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

 
2.8

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.

 
2.9

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.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

  
2.12

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Interest payable and similar expenses

2023
2022
£
£


Loans from group undertakings
23,703
24,978

Page 5

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2023
906,642



At 31 December 2023

906,642



Depreciation


At 1 January 2023
265,469


Charge for the year on owned assets
24,266



At 31 December 2023

289,735



Net book value



At 31 December 2023
616,907



At 31 December 2022
641,173

Included in freehold property is freehold land at a cost of £300,000, as determined by the directors, which is not depreciated.
The land and buildings are used in operating leases.

Page 6

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
120,631



At 31 December 2023
120,631






Net book value



At 31 December 2023
120,631



At 31 December 2022
120,631

Page 7

 
INKA HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£

Amounts owed by group undertakings
-
18,004



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,280
-

Amounts owed to group undertakings
72,542
72,542

Corporation tax
6,973
5,911

Other taxation and social security
2,604
2,988

Other creditors
146,026
88,328

Accruals and deferred income
2,500
2,500

232,925
172,269



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
538,059
572,055

Share capital treated as debt
13
13

538,072
572,068


Creditors include amounts not wholly repayable within 5 years amounting to £387,697 (2022 - £427,561).


10.


Controlling party

The immediate parent company is Beheersmaat, B.Vierhouten BV. The smallest group for which consolidated financial statements are drawn up, of which the company is a member, is Vierhouten Groep B.V., whose registered office is Lokhorstweg 13 A, 3851SE Ermelo, The Netherlands.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 2 May 2025 by Ricky Downey (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
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