ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 10500780

INCUBATE (2016) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2025


INCUBATE (2016) LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


INCUBATE (2016) LIMITED REGISTERED NUMBER:10500780

STATEMENT OF FINANCIAL POSITION

AS AT 30 MARCH 2025

	30 March	31 March
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		3,323		7,080
Current assets
Debtors: amounts falling due within one year	5	73,532		73,532
Cash at bank and in hand		379		45
		73,911		73,577
Current liabilities
Creditors: amounts falling due within one year	6	(52,370)		(49,071)
Net current assets			21,541		24,506
Net assets			24,864		31,586

Capital and reserves
Called up share capital	7	10,000	10,000
Profit and loss account		14,864	21,586
		24,864	31,586

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 23 June 2026.

A P McGuinness

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


INCUBATE (2016) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2025

1.	General information

Incubate (2016) Ltd is a private limited liability company registered in England and Wales with its registered office at Heathside, East Common, Harpenden, Herts, United Kingdom, AL5 1BJ.

The principal activity of the company during the year is that of the provision of consultancy services.

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

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 provided on the following basis:

				Computer equipment	-	33%	straight line
				Office improvements	-		over 5 years

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 the Statement of Comprehensive Income.

2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.4

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 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.

2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 2


INCUBATE (2016) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2025

Employees

The average monthly number of employees, including directors, during the period was 1 (2024 - 1).

4.	Tangible fixed assets

	Fixtures and fittings	Office improvements	Total
	£	£	£
Cost
At 1 April 2024	15,634	8,666	24,300
At 30 March 2025	15,634	8,666	24,300
Depreciation
At 1 April 2024	13,610	3,610	17,220
Charge for the period on owned assets	2,024	1,733	3,757
At 30 March 2025	15,634	5,343	20,977
Net book value
At 30 March 2025	-	3,323	3,323
At 31 March 2024	2,024	5,056	7,080

Debtors

					30 March	31 March
					2025	2024
					£	£

Other debtors	60,000	60,000
Called up share capital not paid	10,000	10,000
Tax recoverable	3,532	3,532
	73,532	73,532

Page 3


INCUBATE (2016) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2025

Other creditors	48,870	46,271
Accruals and deferred income	3,500	2,800
	52,370	49,071

Allotted, called up and unpaid

10,000 Ordinary shares of £1 each	10,000	10,000

Page 4