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Company Registration No. 10433519 (England and Wales)
Ingenii Resource Limited Unaudited accounts for the year ended 31 December 2025
Ingenii Resource Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ingenii Resource Limited Company Information for the year ended 31 December 2025
Directors
M A Buchan (appointed 30/04/2026) D H Duguid (appointed 30/04/2026)
Company Number
10433519 (England and Wales)
Registered Office
Beacon Innovation Centre Beacon Park Gorleston-On-Sea Great Yarmouth NR31 7RA United Kingdom
Accountants
Hutcheon Mearns Limited 2 Queens Road Aberdeen AB15 4ZT
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Ingenii Resource Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
626
4,418
Current assets
Debtors
5
8,751
162,395
Cash at bank and in hand
558
598
9,309
162,993
Creditors: amounts falling due within one year
6
(1,062,918)
(1,101,957)
Net current liabilities
(1,053,609)
(938,964)
Total assets less current liabilities
(1,052,983)
(934,546)
Creditors: amounts falling due after more than one year
7
(20,860)
(26,965)
Net liabilities
(1,073,843)
(961,511)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(1,073,943)
(961,611)
Shareholders' funds
(1,073,843)
(961,511)
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by
M A Buchan (appointed 30/04/2026) Director Company Registration No. 10433519
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Ingenii Resource Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Ingenii Resource Limited is a private company, limited by shares, registered in England and Wales, registration number 10433519. The registered office is Beacon Innovation Centre, Beacon Park, Gorleston-On-Sea, Great Yarmouth, NR31 7RA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared on a going concern basis under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have adopted the going concern basis of accounting in preparing the annual financial statements.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probably that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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Ingenii Resource Limited Notes to the Accounts for the year ended 31 December 2025
Pensions
Defined contribution pension plan The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Taxation
Tax is recognised in the 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 substantially enacted by the balance sheet date in the countries where the Company operates and generates income.
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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line basis. 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. Depreciation is provided on the following basis:
Plant & machinery
3 years Straight Line
Fixtures & fittings
3 - 5 years Straight Line
Trade debtors and other receivables
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Trade creditors and other payables
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Ingenii Resource Limited Notes to the Accounts for the year ended 31 December 2025
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans from related parties.
Distributions to equity holders
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
8,389
3,946
12,335
Disposals
-
(3,517)
(3,517)
At 31 December 2025
8,389
429
8,818
Depreciation
At 1 January 2025
6,374
1,543
7,917
Charge for the year
1,389
352
1,741
On disposals
-
(1,466)
(1,466)
At 31 December 2025
7,763
429
8,192
Net book value
At 31 December 2025
626
-
626
At 31 December 2024
2,015
2,403
4,418
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
82,652
Amounts due from group undertakings etc.
8,492
36,256
Accrued income and prepayments
259
43,487
8,751
162,395
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,105
71,611
VAT
560
23,241
Trade creditors
59
4,045
Amounts owed to group undertakings and other participating interests
1,053,128
954,076
Taxes and social security
776
2,659
Other creditors
2,290
46,325
1,062,918
1,101,957
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
20,860
26,965
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Ingenii Resource Limited Notes to the Accounts for the year ended 31 December 2025
8
Pension commitments
The Company contributed to a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,753 (2024: £1,387). Contributions payable to the fund at the balance sheet date were £275(2024: £nil).
9
Transactions with related parties
During the Year Ended 31 December 2025, and the comparative Year Ended 31 December 2024 respectively, the Company entered into the following transactions with related parties: Parent company (2025; 2024) Opening Balance: (£716,738); (£714,238) Net Loans Received: £nil; (£2,500) Closing Balance: (£716,738); (£716,738) Associates (2025; 2024) Opening Balance: (£201,082); (£167,806) Sales: £99,718 £79,105 Purchases: (£65,144); (£59,260) Net Payments / (Receipts): (£126,922); £13,703 Net Loans Received: (£34,468); (£66,824) Closing Balance: (£327,898); (£201,082)
10
Controlling party
Throughout 2025, the Company's immediate and ultimate parent company is Indigo 7 Ventures Limited, a company registered in the United Kingdom. Indigo 7 Ventures Limited is controlled by a number of private individuals, all of whom own less than a 25% shareholding in the company.
11
Post balance sheet events
Subsequent to the year end and prior to the approval of these financial statements, the ownership of the company was transferred from Indigo 7 Ventures Limited to Granite Recruitment Limited. The transfer was completed on 30 April 2026. The directors have considered the impact of this transaction and concluded that it does not require adjustment to the amounts recognised in these financial statements.
12
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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