Silverfin false 31/03/2023 01/04/2022 31/03/2023 Heather Mary Mortimer 26/01/2023 24/06/2020 Neil Stewart 31/10/2016 31 October 2023 The principal activity of the Company during the financial year was that of a property training provider. 10454117 2023-03-31 10454117 bus:Director1 2023-03-31 10454117 bus:Director2 2023-03-31 10454117 2022-03-31 10454117 core:CurrentFinancialInstruments 2023-03-31 10454117 core:CurrentFinancialInstruments 2022-03-31 10454117 core:ShareCapital 2023-03-31 10454117 core:ShareCapital 2022-03-31 10454117 core:RetainedEarningsAccumulatedLosses 2023-03-31 10454117 core:RetainedEarningsAccumulatedLosses 2022-03-31 10454117 bus:OrdinaryShareClass1 2023-03-31 10454117 2022-04-01 2023-03-31 10454117 bus:FullAccounts 2022-04-01 2023-03-31 10454117 bus:SmallEntities 2022-04-01 2023-03-31 10454117 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10454117 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10454117 bus:Director1 2022-04-01 2023-03-31 10454117 bus:Director2 2022-04-01 2023-03-31 10454117 2021-04-01 2022-03-31 10454117 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10454117 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10454117 (England and Wales)

ICAN TRAINING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ICAN TRAINING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ICAN TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
ICAN TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
2023 2022
£ £
Fixed assets
Investments 100 0
100 0
Current assets
Debtors 3 310 7,510
Cash at bank and in hand 15,848 8,521
16,158 16,031
Creditors: amounts falling due within one year 4 ( 16,329) ( 17,692)
Net current liabilities (171) (1,661)
Total assets less current liabilities (71) (1,661)
Net liabilities ( 71) ( 1,661)
Capital and reserves
Called-up share capital 5 110 10
Profit and loss account ( 181 ) ( 1,671 )
Total shareholder's deficit ( 71) ( 1,661)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ican Training Limited (registered number: 10454117) were approved and authorised for issue by the Director on 31 October 2023. They were signed on its behalf by:

Neil Stewart
Director
ICAN TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ICAN TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ican Training Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £71. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

2023 2022
£ £
Trade debtors 0 7,500
Amounts owed by Group undertakings 300 0
Other debtors 10 10
310 7,510

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 959 897
Amounts owed to Group undertakings 9,720 0
Amounts owed to director 1,250 6,919
Accruals 4,400 3,156
Other creditors 0 6,720
16,329 17,692

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
110 Ordinary shares of £ 1.00 each (2022: 10 shares of £ 1.00 each) 110 10

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Owed by Downing Street Properties Ltd 300 0
Owed to BHCS Limited 9,720 0

The balances are interest free and repayable on demand.

Transactions with the entity's director

2023 2022
£ £
Owed to Mr N Stewart 1,250 6,919

The loan is interest free and repayable on demand.