Incred Global Insight Partners UK LLP OC451802 false 2024-04-09 2025-04-05 2025-04-05 The principal activity of the company is financial advisory Digita Accounts Production Advanced 6.30.9574.0 OC451802 2024-04-09 2025-04-05 OC451802 2025-04-05 OC451802 core:OtherReservesSubtotal 2025-04-05 OC451802 core:CurrentFinancialInstruments 2025-04-05 OC451802 core:WithinOneYear 2025-04-05 OC451802 bus:SmallEntities 2024-04-09 2025-04-05 OC451802 bus:AuditExemptWithAccountantsReport 2024-04-09 2025-04-05 OC451802 bus:FilletedAccounts 2024-04-09 2025-04-05 OC451802 bus:SmallCompaniesRegimeForAccounts 2024-04-09 2025-04-05 OC451802 bus:RegisteredOffice 2024-04-09 2025-04-05 OC451802 bus:PartnerLLP1 2024-04-09 2025-04-05 OC451802 bus:PartnerLLP2 2024-04-09 2025-04-05 OC451802 bus:LimitedLiabilityPartnershipLLP 2024-04-09 2025-04-05 OC451802 countries:AllCountries 2024-04-09 2025-04-05 iso4217:GBP xbrli:pure

Registration number: OC451802

Incred Global Insight Partners UK LLP

Unaudited Filleted Financial Statements

for the period from 9 April 2024 to 5 April 2025

 

Incred Global Insight Partners UK LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 4

Balance Sheet

2

Notes to the Financial Statements

3

 

Incred Global Insight Partners UK LLP

Limited liability partnership information

Designated members

Mr Venkatesh Vishwanathan

Mrs Godhuli Vishwanathan
 

Registered office

25 Wolfe House
389 Kensington High Street
London
W14 8QA

Accountants

Richlands Business Advisers Limited
42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

Incred Global Insight Partners UK LLP

(Registration number: OC451802)
Balance Sheet as at 5 April 2025

Note

2025
£

Current assets

 

Debtors

3

14,464

Cash and short-term deposits

 

94,426

 

108,890

Creditors: Amounts falling due within one year

4

(11,160)

Net assets attributable to members

 

97,730

Represented by:

 

Members’ other interests

 

Other reserves

 

97,730

   

97,730

Total members' interests

 

Equity

 

97,730

   

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 Board and authorised for issue on 15 July 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Venkatesh Vishwanathan
Designated member

 

Incred Global Insight Partners UK LLP

Notes to the Financial Statements for the Period from 9 April 2024 to 5 April 2025

1

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.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 2.

3

Debtors

2025
£

Trade debtors

13,952

Other debtors

512

 

14,464

4

Creditors: Amounts falling due within one year

2025
£

Trade creditors

2,520

Accruals and deferred income

2,150

Taxation and social security

6,490

11,160

5

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.