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Registered number: 14019047









INCRED GLOBAL WEALTH LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
INCRED GLOBAL WEALTH LIMITED
REGISTERED NUMBER: 14019047

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,269
7,847

  
13,269
7,847

Current assets
  

Debtors: amounts falling due within one year
 5 
386,224
271,557

Cash at bank and in hand
 6 
921,857
1,078,287

  
1,308,081
1,349,844

Creditors: amounts falling due within one year
 7 
(263,944)
(173,611)

Net current assets
  
 
 
1,044,137
 
 
1,176,233

Total assets less current liabilities
  
1,057,406
1,184,080

  

Net assets
  
1,057,406
1,184,080


Capital and reserves
  

Called up share capital 
  
2,661,000
2,661,000

Profit and loss account
  
(1,603,594)
(1,476,920)

  
1,057,406
1,184,080


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 18 July 2025.




A Sarin
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 1

 
INCRED GLOBAL WEALTH LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2024
2,661,000
(1,476,920)
1,184,080


Comprehensive income for the year

Loss for the year

-
(126,674)
(126,674)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(126,674)
(126,674)


Total transactions with owners
-
-
-


At 31 March 2025
2,661,000
(1,603,594)
1,057,406


The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
INCRED GLOBAL WEALTH LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
2,661,000
(727,760)
1,933,240


Comprehensive income for the year

Loss for the year

-
(749,160)
(749,160)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(749,160)
(749,160)


Total transactions with owners
-
-
-


At 31 March 2024
2,661,000
(1,476,920)
1,184,080


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

IInCred Global Wealth Limited (the Company) is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and registered in England and Wales. The Company’s registered office is located at 5-10 Bolton Street, London, W1J 8BA, England.
The principal activity of the Company is the provision of financial services.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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:

Office equipment
-
4 years
Computer equipment
-
3 years

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.

 
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

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.

 
2.11

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.

Page 6

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

2025
2024
£
£

Wages and salaries
1,051,418
894,735

Social security costs
125,668
111,017

Cost of defined contribution scheme
39,283
34,859

1,216,369
1,040,611


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Directors
3
3



Employees
4
5

7
8


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
3,049
8,343
11,392


Additions
7,539
2,085
9,624



At 31 March 2025

10,588
10,428
21,016



Depreciation


At 1 April 2024
628
2,917
3,545


Charge for the year on owned assets
1,277
2,925
4,202



At 31 March 2025

1,905
5,842
7,747



Net book value



At 31 March 2025
8,683
4,586
13,269



At 31 March 2024
2,421
5,426
7,847

Page 7

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
2,016
7,622

Other debtors
45,473
36,773

Prepayments and accrued income
338,735
227,162

386,224
271,557



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
921,857
1,078,287

921,857
1,078,287



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other loans
-
2,340

Trade creditors
29,182
7,190

Amounts owed to group undertakings
9,128
9,128

Other taxation and social security
185,164
130,814

Other creditors
12,140
5,281

Accruals and deferred income
28,330
18,858

263,944
173,611



8.


Pension commitments


9.


Controlling party

The immediate parent undertaking is B Singh & Partners PTE Ltd
The ulimate controlling party is Mr Bhupinder Singh 

Page 8

 
INCRED GLOBAL WEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 18 July 2025 by Michael Wedge FCA (Senior statutory auditor) on behalf of BKL Audit LLP.

Page 9