Incubator Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07385769

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52,051		59,422
Investment Properties	5		4,500,000		4,500,000
Investments	6		1,001		1,001

			4,553,052		4,560,423
CURRENT ASSETS
Debtors	7	861,056		610,865
Cash at bank and in hand		1,726		2,116

		862,782		612,981
Creditors: Amounts Falling Due Within One Year	8	(979,618 )		(362,168 )

NET CURRENT ASSETS (LIABILITIES)			(116,836 )		250,813

TOTAL ASSETS LESS CURRENT LIABILITIES			4,436,216		4,811,236

Creditors: Amounts Falling Due After More Than One Year	9		-		(433,537 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(435,101 )		(435,101 )

NET ASSETS			4,001,115		3,942,598

CAPITAL AND RESERVES
Called up share capital	10		4,251,000		4,251,000
Revaluation reserve	11		2,725,103		2,725,103
Profit and Loss Account			(2,974,988 )		(3,033,505 )

SHAREHOLDERS' FUNDS			4,001,115		3,942,598

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Incubator Properties Ltd

Balance Sheet (continued)

As At 31 December 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Evans

Director

12/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Incubator Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07385769 . The registered office is Pennyroyal Court, Station Road, Tring, HP23 5QY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	15 years straightline
Fixtures & Fittings	5 - 15 years straight line
Computer Equipment	3 years straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	19,563	81,292	881	101,736

As at 31 December 2025	19,563	81,292	881	101,736

...CONTINUED

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Incubator Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	5,589	35,846	879	42,314
Provided during the period	1,398	5,973	-	7,371

As at 31 December 2025	6,987	41,819	879	49,685

Net Book Value
As at 31 December 2025	12,576	39,473	2	52,051

As at 1 January 2025	13,974	45,446	2	59,422

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	4,500,000

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	1,001

As at 31 December 2025	1,001

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,001

As at 1 January 2025	1,001

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	473,861	238,272
Other debtors	387,195	372,593

	861,056	610,865

Included in Trade Debtors is £425,632 (2024 - £235,218) owed by The HO Tring Limited, a company which was owned by the director D W Evans MBE until February 2023 when its shares were acquired by Incubator Properties Limited.

Included in Other Debtors is a loan of £60,727 (2024 - £60,727) to The HO Tring Limited.

The HO Tring Limited appointed a liquidator on the 1st April 2026.

Also included in Other Debtors are loans of £300,000 (2024 - £300,000) made to an individual for the purpose of property purchases. Interest of 2% p.a. is charged on the loan with the capital element due for repayment 3 years from the date of the loan.

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Incubator Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	79,664	5,768
Bank loans and overdrafts	434,680	27,681
Other creditors	465,274	328,695
Taxation and social security	-	24

	979,618	362,168

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	433,537

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4,251,000	4,251,000

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	2,725,103	(3,033,505 )
Profit for the year and total comprehensive income	-	58,517

As at 31 December 2025	2,725,103	(2,974,988 )

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