Registration number: 08852301

Incendiary Blue Property Limited

(Registration number: 08852301)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,881,316	1,739,145
Current assets
Debtors		2,785	9,425
Cash at bank and in hand		46,293	11,183
		49,078	20,608
Prepayments and accrued income		2,206	1,437
Creditors: Amounts falling due within one year		(1,772,023)	(1,770,024)
Net current liabilities		(1,720,739)	(1,747,979)
Total assets less current liabilities		160,577	(8,834)
Provisions for liabilities		(4,870)	(6,379)
Accruals and deferred income		(1,440)	(1,440)
Net assets/(liabilities)		154,267	(16,653)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		154,167	(16,753)
Shareholders' funds/(deficit)		154,267	(16,653)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 July 2026
 

Incendiary Blue Property Limited

(Registration number: 08852301)
Abridged Balance Sheet as at 31 March 2026

......................................... M Edgington Director

Incendiary Blue Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
167-169 Great Portland Street
5th Floor
London
W1W 5PF

These financial statements were authorised for issue by the director on 16 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Incendiary Blue Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Property/Freehold Property	Not depreciated
Furniture and fittings	10% straight line
Computer equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Incendiary Blue Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	4,347	4,197

5	Tangible assets

	Land and buildings £	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 April 2025	1,269,277	440,491	41,967	-
Revaluations	145,919	-	-	-
Additions	-	-	-	599
At 31 March 2026	1,415,196	440,491	41,967	599
Depreciation
At 1 April 2025	-	-	12,590	-
Charge for the year	-	-	4,197	150
At 31 March 2026	-	-	16,787	150
Carrying amount
At 31 March 2026	1,415,196	440,491	25,180	449
At 31 March 2025	1,269,277	440,491	29,377	-

Incendiary Blue Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

	Total £
Cost or valuation
At 1 April 2025	1,751,735
Revaluations	145,919
Additions	599
At 31 March 2026	1,898,253
Depreciation
At 1 April 2025	12,590
Charge for the year	4,347
At 31 March 2026	16,937
Carrying amount
At 31 March 2026	1,881,316
At 31 March 2025	1,739,145

Included within the net book value of land and buildings above is £1,415,196 (2025 - £1,269,277) in respect of freehold land and buildings and £440,491 (2025 - £440,491) in respect of long leasehold land and buildings.
 

6	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100