INICA HOLDINGS LIMITED


Directors	FLANAGAN, Lisa Margaret
	HARMAN, David Charles Spencer
	PASSEY, Grant, Mr.
	TOWLE, Holly Lauren


Registered Address	Montvale House Wells Road
	Hallatrow
	Bristol
	BS39 6EJ


Registered Number	09082553 (England and Wales)

Balance Sheet as at
31 December 2024

	2024		2023
	£	£	£	£
Current assets
Debtors	2,391,173		2,414,092
Cash at bank and on hand	2,565		5,251
	2,393,738		2,419,343
Creditors amounts falling due within one year	(28,909)		(27,456)
Net current assets (liabilities)		2,364,829		2,391,887
Total assets less current liabilities		2,364,829		2,391,887
Creditors amounts falling due after one year		(2,630,069)		(2,630,069)
Net assets		(265,240)		(238,182)
Capital and reserves
Called up share capital		316		316
Profit and loss account		(265,556)		(238,498)
Shareholders' funds		(265,240)		(238,182)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2025, and are signed on its behalf by:

FLANAGAN, Lisa Margaret
Director
Registered Company No. 09082553

INICA HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	As at 31 December 2024 the company had net liabilities of £265,241 (2023: net liabilities £238,182). The validity of the going concern concept is dependent on the continued support by the shareholders. The directors believe the going concern concept is still applicable as they believe the company will have sufficient resources to meet its future obligations as and when they fall due.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets less than their residual value over their useful lives on the following bases: Development Costs: 25% Straight line

	Research and development
	Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees
	The average monthly number of persons (including directors) employed by the company during the year was 0 (2023: 0)


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	515,015
	At 31 December 24	515,015
	Amortisation and impairment
	At 01 January 24	515,015
	At 31 December 24	515,015
	Net book value
	At 31 December 24	-
	At 31 December 23	-