ACCOUNTS - Final Accounts preparation

Registered number: 11267123

IGNITE VENTURES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

IGNITE VENTURES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IGNITE VENTURES LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IGNITE VENTURES LIMITED for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of IGNITE VENTURES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of IGNITE VENTURES LIMITED and state those matters that we have agreed to state to the Board of Directors of IGNITE VENTURES LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IGNITE VENTURES LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IGNITE VENTURES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IGNITE VENTURES LIMITED. You consider that IGNITE VENTURES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of IGNITE VENTURES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther LLP

Chartered Accountants

2nd Floor Heathmans House

19 Heathmans Road

London

SW6 4TJ

23 December 2025

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IGNITE VENTURES LIMITED

REGISTERED NUMBER: 11267123

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		535,145		489,286
			535,145		489,286
Current assets
Debtors: amounts falling due within one year	5	100		100
		100		100
Creditors: amounts falling due within one year	6	(2,837)		(263,783)
Net current liabilities			(2,737)		(263,683)
Total assets less current liabilities			532,408		225,603
Provisions for liabilities
Deferred tax		(6,813)		(16,611)
			(6,813)		(16,611)
Net assets			525,595		208,992

Capital and reserves
Called up share capital	100	100
Profit and loss account	525,495	208,892
	525,595	208,992

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IGNITE VENTURES LIMITED

REGISTERED NUMBER: 11267123

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income statement 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 23 December 2025.

P West

Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

IGNITE VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	Statutory information

Ignite Ventures Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11267123 and its registered address is.United House, North Road, London, England, N7 9DP.

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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

2.3

Current and deferred 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 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.

Page 4

IGNITE VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Valuation of investments

Investments comprise investments in unquoted shares which are measured at fair value. Changes in fair value are recognised to the revaluation reserve on the the Income Statement account. Fair value is estimated by using a valuation technique based on fair market value.

2.5

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

4.	Fixed asset investments


		£
	Cost or valuation
	At 1 April 2024	489,286
	Additions	10,000
	Revaluations	35,859
	At 31 March 2025	535,145

		Other investments
		£

	Cost or valuation at 31 March 2025
	Valuation in 2025	45,859
	Valuation in 2024	87,424
	Valuation in 2023	156,936
	Cost	244,926
		535,145

Page 5

IGNITE VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	100	100
	100	100

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	1,437	263,783
Accruals and deferred income	1,400	-
	2,837	263,783

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