Registration number:
Incred Global Insight Partners UK LLP
for the period from 9 April 2024 to 5 April 2025
Incred Global Insight Partners UK LLP
Contents
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Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Incred Global Insight Partners UK LLP
Limited liability partnership information
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Designated members |
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Registered office |
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Accountants |
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Incred Global Insight Partners UK LLP
(Registration number: OC451802)
Balance Sheet as at 5 April 2025
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Note |
2025 |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
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Net assets attributable to members |
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Represented by: |
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Members’ other interests |
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Other reserves |
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97,730 |
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Total members' interests |
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Equity |
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97,730 |
For the year ending 5 April 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with the special provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Incred Global Insight Partners UK LLP (registered number OC451802) were approved by the
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Incred Global Insight Partners UK LLP
Notes to the Financial Statements for the Period from 9 April 2024 to 5 April 2025
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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 under the historical cost convention and in accordance with Financial Reporting Standard 105 - 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
General information and basis of accounting
The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership's operations and its principal activities are given in the members' report.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members.
Trade debtors
Trade debtors are amounts due from customers for service performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Incred Global Insight Partners UK LLP
Notes to the Financial Statements for the Period from 9 April 2024 to 5 April 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
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Debtors |
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2025 |
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Trade debtors |
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Other debtors |
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14,464 |
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Creditors: Amounts falling due within one year |
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2025 |
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Trade creditors |
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Accruals and deferred income |
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Taxation and social security |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.