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REGISTERED NUMBER: 01265893 (England and Wales)















INCLYNE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






INCLYNE LTD (REGISTERED NUMBER: 01265893)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


INCLYNE LTD (REGISTERED NUMBER: 01265893)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 65,893 65,928

CURRENT ASSETS
Cash at bank 11,389 36,066

CREDITORS
Amounts falling due within one year 5 11,161 11,847
NET CURRENT ASSETS 228 24,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,121

90,147

CREDITORS
Amounts falling due after more than one
year

6

(37,800

)

(72,800

)

ACCRUALS AND DEFERRED INCOME (3,895 ) (4,029 )
NET ASSETS 24,426 13,318

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 24,423 13,315
SHAREHOLDERS' FUNDS 24,426 13,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INCLYNE LTD (REGISTERED NUMBER: 01265893)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mrs J M Howell - Director


INCLYNE LTD (REGISTERED NUMBER: 01265893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Inclyne Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01265893

Registered office: 16 Marine Walk
Maritime Quarter
Swansea
West Glamorgan
SA1 1YQ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & Buildings - 2% on cost
Improvements to property - Straight line over 6 years
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current 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 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 3 (2024 - 3 ) .

INCLYNE LTD (REGISTERED NUMBER: 01265893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Improvements
Land & Short to Office
Buildings leasehold property equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 59,392 1,612 19,578 782 81,364
Additions - - - 599 599
At 31 March 2025 59,392 1,612 19,578 1,381 81,963
DEPRECIATION
At 1 April 2024 4,333 - 10,323 780 15,436
Charge for year 200 - 315 119 634
At 31 March 2025 4,533 - 10,638 899 16,070
NET BOOK VALUE
At 31 March 2025 54,859 1,612 8,940 482 65,893
At 31 March 2024 55,059 1,612 9,255 2 65,928

Included in cost of land and buildings is freehold land of £ 49,000 (2024 - £ 49,000 ) which is not depreciated.

In the opinion of the directors, the value of land and buildings would be £135,000. However, under the current Covid-19 pandemic affecting all commercial and domestic property sales by placing them all on hold, it has been decided not to reflect any revaluation changes in the historic value of the land and buildings, as at present, there is no foreseeable market for the property and the directors feel it is prudent that the value reflected in the accounts remains at the original historic cost.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,848 1,860
Other creditors 8,313 9,987
11,161 11,847

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 37,800 72,800

7. RELATED PARTY DISCLOSURES

Monies were owed to the directors at the year end amounting to £45,152 (2024 £81,767] this figure being included in creditors payable in under one year of £7,352 (2024 £8,967) and over one year of £37,800 (2024 £72,800).
The company is under the control of its directors who hold 100% of the issued share capital.