REGISTERED NUMBER: 11240161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INCOGNITO ASSETS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Muharremoglu

SECRETARY:

REGISTERED OFFICE:

First Floor Office

34 Great Queen Street

London

WC2B 5AA

REGISTERED NUMBER:

11240161 (England and Wales)

ACCOUNTANTS:

NYO Chartered Accountants and Registered Auditors

First Floor Office

34 Great Queen Street

London

WC2B 5AA

ASSETS

FIXED ASSETS

Tangible assets

4

45,471

35,761

CURRENT ASSETS

Debtors

5

1,149,846

1,009,693

Cash at bank and in hand

91,216

76,662

1,241,062

1,086,355

1,286,533

1,122,116

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

503,756

495,458

SHAREHOLDERS' FUNDS

603,756

595,458

CREDITORS

6

682,777

526,658

1,286,533

1,122,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

Mr M Muharremoglu - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

44,677

10,000

54,677

Additions

15,647

-

15,647

At 31 December 2024

60,324

10,000

70,324

DEPRECIATION

At 1 January 2024

17,749

1,167

18,916

Charge for year

4,937

1,000

5,937

At 31 December 2024

22,686

2,167

24,853

NET BOOK VALUE

At 31 December 2024

37,638

7,833

45,471

At 31 December 2023

26,928

8,833

35,761

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

270,035

153,800

Other debtors

196,547

226,499

466,582

380,299

Amounts falling due after more than one year:

Other debtors

683,264

629,394

Aggregate amounts

1,149,846

1,009,693

6.

CREDITORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Bank loans and overdrafts

10,000

10,000

Trade creditors

355,088

226,869

Taxation and social security

6,549

8,210

Other creditors

306,140

264,804

677,777

509,883

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Bank loans

5,000

16,775

Aggregate amounts

682,777

526,658