REGISTERED NUMBER: 10666491 (England and Wales)

THE INNOVCO GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J. Cohen

Mr S Cohen

REGISTERED OFFICE:

30 Commercial Road

Edmonton

London

N18 1TP

REGISTERED NUMBER:

10666491 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Investments

4

2,100

2,100

Investment property

5

4,995,500

4,897,900

4,997,600

4,900,000

CURRENT ASSETS

Debtors

6

674,739

807,822

Cash at bank and in hand

2,038

3,120

676,777

810,942

CREDITORS

Amounts falling due within one year

7

2,989,499

3,162,142

NET CURRENT LIABILITIES

(2,312,722

)

(2,351,200

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,684,878

2,548,800

PROVISIONS FOR LIABILITIES

9

17,885

-

NET ASSETS

2,666,993

2,548,800

CAPITAL AND RESERVES

Called up share capital

10

2,201

2,201

Fair value reserve

2,775,609

2,695,894

Retained earnings

(110,817

)

(149,295

)

SHAREHOLDERS' FUNDS

2,666,993

2,548,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20th April 2026 and were signed on its behalf by:

Mr S Cohen - Director

1.	STATUTORY INFORMATION

The Innovco Group Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

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

Preparation of consolidated financial statements

The financial statements contain information about The Innovco Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

The turnover of the company represents rents receivable during the year.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the Income Statement for the year.

In accordance with FRS 102 section 1A, no depreciation is provided in respect of properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

2,100

NET BOOK VALUE

At 31st December 2025

2,100

At 31st December 2024

2,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

4,897,900

Revaluations

97,600

At 31st December 2025

4,995,500

NET BOOK VALUE

At 31st December 2025

4,995,500

At 31st December 2024

4,897,900

Fair value at 31st December 2025 is represented by:

£

Valuation in 2019

2,417,806

Valuation in 2021

(44,718

)

Valuation in 2021

200,000

Valuation in 2023

36,906

Valuation in 2024

85,900

Valuation in 2025

97,600

Cost

2,202,006

4,995,500

The fair value of the investment property at the balance sheet date, in the opinion of the directors, was £4,995,500.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

45,000

45,000

Other debtors

4,239

4,322

49,239

49,322

Amounts falling due after more than one year:

Amounts owed by group undertakings

625,500

758,500

Aggregate amounts

674,739

807,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,940,000

3,109,631

Trade creditors

4,827

7,479

Amounts owed to group undertakings

41,887

41,887

Other creditors

2,785

3,145

2,989,499

3,162,142

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,940,000

3,109,631

The bank loan is secured by a fixed and floating charge over the property and the assets of the company.

The bank loan was repayable by December 2025. It was refinanced in 2026.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

17,885

-

Deferred

tax

£

Provided during year

17,885

Balance at 31st December 2025

17,885

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

A2 Ordinary Shares

10p

50

50

625

B1 Ordinary Shares

10p

63

63

375

B2 Ordinary Shares

10p

38

38

500

A1 Ordinary shares

10p

50

50

500

C1 Ordinary shares

£1

500

500

500

C2 Ordinary shares

£1

500

500

500

D1 Ordinary shares

£1

500

500

500

D2 Ordinary shares

£1

500

500

2,201

2,201