ACCOUNTS - Final Accounts

Registered number: 04335286

INCAFIELD LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

INCAFIELD LIMITED

REGISTERED NUMBER: 04335286

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		6,586,042		6,725,418
Investments	5		-		100
			6,586,042		6,725,518
Current assets
Debtors: amounts falling due within one year	6	1,166,885		28,453
Cash at bank and in hand	7	359		4,405
		1,167,244		32,858
Creditors: amounts falling due within one year	8	(2,591,011)		(2,535,208)
Net current liabilities			(1,423,767)		(2,502,350)
Total assets less current liabilities			5,162,275		4,223,168
Provisions for liabilities
Deferred tax	9	-		(134,410)
Net assets			5,162,275		4,088,758

Capital and reserves
Called up share capital	6,250	6,250
Share premium account	33,750	33,750
Capital redemption reserve	3,750	3,750
Profit and loss account	5,118,525	4,045,008
	5,162,275	4,088,758

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INCAFIELD LIMITED

REGISTERED NUMBER: 04335286

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

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 statement of comprehensive income 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 22 May 2026.

D Farshchi-Heidari

Director

The notes on pages 3 to 9 form part of these financial statements.

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

The Company is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 14th Floor 33 Cavendish Square, London, W1G 0PW. The principal trading address is London Rd, Teynham, Sittingbourne ME9 9PR.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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

Going concern

The directors have prepared the accounts on a going concern basis. The directors note the net current liability position of the company and have reviewed likely future developments. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of the approval of these accounts. This basis is considered appropriate as the ultimate parent company has confirmed that it will provide the support to enable the company to meet their forecast liabilities as they fall due.

2.3

Turnover

Turnover represents rental income from freehold property. 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.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation (continued)

assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2%	Straight line
Plant and machinery	-	10%	Straight line
Fixtures and fittings	-	20%	Straight line
Office equipment	-	20%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 90 days.

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Financial instruments (continued)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 4).

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		INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

	4.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	8,577,166	1,451,424	53,752	2,397	10,084,739
At 30 September 2025	8,577,166	1,451,424	53,752	2,397	10,084,739
Depreciation
At 1 October 2024	1,851,748	1,451,424	53,752	2,397	3,359,321
Charge for the year on owned assets	139,376	-	-	-	139,376
At 30 September 2025	1,991,124	1,451,424	53,752	2,397	3,498,697
Net book value
At 30 September 2025	6,586,042	-	-	-	6,586,042
At 30 September 2024	6,725,418	-	-	-	6,725,418

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 1 October 2024	100
	Disposal	(100)
	At 30 September 2025	-

Debtors

					2025	2024
					£	£


Trade debtors	1,061,195	89
Other debtors	100	28,364
Deferred taxation	105,590	-
	1,166,885	28,453

7.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	359	4,405

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

Trade creditors	6,198	-
Amounts owed to group undertakings	2,515,629	2,465,994
Other taxation and social security	32,184	32,214
Accruals and deferred income	37,000	37,000
	2,591,011	2,535,208

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INCAFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.	Deferred taxation

		2025
		£

	At beginning of year	134,410
	Charged /(credited) to profit or loss	(240,000)
	At end of year	(105,590)

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances

(105,590)

134,410

10.	Related party transactions
	At the balance sheet date, included within trade debtors is an amount owed to by group undertakings of £1,061,106 (2024 - £NIL). At the balance sheet date, included within trade creditors is an amount owed to group undertakings of £6,198 (2024 - £NIL).

11.	Controlling party

The smallest group for which consolidated financial statements are prepared which include the results of
this company is that governed by Terradace Holdings Limited, and its registered office is 14th Floor, 33
Cavendish Square, London, W1G 0PW.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 22 May 2026 by Philip Mills MSc BA ACA (Senior statutory auditor) on behalf of Old Mill Audit Limited.

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