05570801falseongoing research, development and testing of the company's first two products which have been developed in association with the University of the West of England. Primarily focused on the fields of natural sciences, engineering and eco sustainability. Other adaptations of the Intercede technology are now being developed to support both wind turbine and solar sustainable energy generation applications.2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-09-30http://www.companieshouse.gov.uk/cd:Director12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-09-30http://www.companieshouse.gov.uk/pt:SharePremium2023-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-09-30http://www.companieshouse.gov.uk/cd:Director22023-10-012024-09-30http://www.companieshouse.gov.uk/pt:SharePremium2024-09-30http://www.companieshouse.gov.uk/cd:Director32023-10-012024-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-30http://www.companieshouse.gov.uk/cd:Director42023-10-012024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-09-30http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:Director52023-10-012024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-10-012024-09-30http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32023-10-012024-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42023-10-012024-09-30http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass52023-10-012024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-09-30http://www.companieshouse.gov.uk/2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/cd:FRS1022023-10-012024-09-30http://www.companieshouse.gov.uk/2024-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-10-012024-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05570801

INTERCEDE VENTURES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
O'Connell & Co
The Barn
12a High Street
Wheathampstead
Herts
AL4 8AA

INTERCEDE VENTURES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
Graham Shaun Mimms
Robert Frank Pegg
Willie O'Neill
Janice Kiely
Richard William Luxton
REGISTERED OFFICE
The Barn
12a High Street
Wheathampstead
Hertfordshire
AL4 8AA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05570801
ACCOUNTANTS
O'Connell & Co
The Barn
12a High Street
Wheathampstead
Herts
AL4 8AA

INTERCEDE VENTURES LTD

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

INTERCEDE VENTURES LTD

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Intangible assets3615,512553,431
Tangible assets4528745
616,040554,176
CURRENT ASSETS
Debtors52,9393,996
Cash at bank and in hand1,5162,882
4,4556,878
CREDITORS: Amounts falling due within one year6280,258226,100
NET CURRENT LIABILITIES(275,803)(219,222)
TOTAL ASSETS LESS CURRENT LIABILITIES340,237334,954
CREDITORS: Amounts falling due after more than one year7460,898376,716
PROVISIONS FOR LIABILITIES AND CHARGES8100142
NET LIABILITIES(120,761)(41,904)
CAPITAL AND RESERVES
Called up share capital97,3727,372
Share premium account10694,311694,311
Profit and loss account(822,444)(743,587)
SHAREHOLDERS' FUNDS(120,761)(41,904)
For the year ending 30/09/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/06/2025 and signed on their behalf by
.............................
Graham Shaun Mimms
Director

INTERCEDE VENTURES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
These financial statements have been prepared on the going concern basis. Historically, the company has been supporterd by a business "angel". There is strong belief in the company's future, and it is intended that the company should continue to trade and support will be provided until such time as the investment bears fruit and sales and profits flow During prior years, additional significant equity finance has been provided by venture capital sources and Directors, which has strengthened the Balance Sheet.]
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33% on cost and 25% on reducing balance
Plant And Machineryreducing balance25%
Equipmentstraight line33%
1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to the expected sales life from such projects.
Patents and licences are being amortised evenly over their estimated useful life of nil years.
Development costs are being amortised evenly over their estimated useful life of nil years.
1e. Research And Development
Expenditure on research is written off in the year in which it is incurred, and development costs that meet the relevant criteria , may be capitalised, instead of written off.
1f.

INTERCEDE VENTURES LTD

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. INTANGIBLE FIXED ASSETS
Development
CostsPatentsTotal
£££
Cost
At 01/10/2023520,82532,606553,431
Additions55,8846,19762,081
At 30/09/2024576,70938,803615,512
Depreciation
At 30/09/2024---
Net Book Amounts
At 30/09/2024576,70938,803615,512
At 30/09/2023520,82532,606553,431
During the 2023 year end, in December 2022 and September 2023 and during the prior year, in March and April 2022 patent renewal fees were incurred.
on 12th June 2019, a US patent was granted, additionally, a UK and EU patent is pending in respect to the aviation product. This is scheduled for granting in early 2024, the delay being caused by post Brexit bureaucracy. These utility patents have a value far in excess of their cost value and it is entirely reasonable to revalue these patents using one of the standard methods of valuation, the Economic Analysis Method and using the income approach which calculates the net present value of the incremental cash flows relating to the patents. Whilst this better reflects the value of the patent to the company and is sensible to do, it would fall foul of the valuation section of the accounting standard FRS102, which prevents the inclusion in the accounts of an increase of £323,957 calculated using the basis noted above. The directors however, are of the opinion that this increase in value will be substantially greater when a professional expert valuation is undertaken during the enxt two years. A reader of the accounts may want to take into account a hidden value, which if permitted, would add a significant value to the Balance Sheet.

INTERCEDE VENTURES LTD

4. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/10/20233,4486,4989,946
At 30/09/20243,4486,4989,946
Depreciation
At 01/10/20232,8796,3229,201
For the year14275217
At 30/09/20243,0216,3979,418
Net Book Amounts
At 30/09/2024427101528
At 30/09/2023569176745
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT-2,220
Other debtors606606
Prepayments1,104-
1,7102,826
Amounts falling due over more than one year
Rent Deposit1,2291,170
1,2291,170
2,9393,996
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax56
VAT2,377-
PAYE control35331
Preference share interest105,06698,626
Accruals172,457127,437
280,258226,100

INTERCEDE VENTURES LTD

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr BBL & RPB29,26134,755
Loans >1yr Pref shares80,50080,500
Directors current account WON102,006101,970
Directors current account RP56,23129,231
Directors current account GSM57,15228,652
Directors current account PJK5,1613,341
Directors current account PRL5,1613,341
Loan account RG16,60516,605
Loan account A4A21,00021,000
Directors fee accrual87,82157,321
460,898376,716
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation100142
100142
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
42500 B Ordinary shares of £0.10 each42504250
8950 A Ordinary shares of £0.10 each895895
13741 C Ordinary shares of £0.10 each1374.101374.10
2 D Ordinary shares of £0.01 each0.020.02
8526 E Ordinary shares of £0.10 each852.60852.60
7,3727,372
During the year, no shares were issued. During the prior year £6,500 redeemable 6% preference B shares were redeemed at par, at the same time 470 E Ordinary 10p shares were issued at a premium of £22.24 per share. The directors have approved a share option scheme for the two most recently appointed directors, which allows the right to acquire up to 5% shareholding for each of them, based on the total shareholdings in issue at 1st June 2021. the option scheme does not have a closing date in which to excercise the options.

INTERCEDE VENTURES LTD

10. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account694,311694,311