Company Registration No. 10213228 (England and Wales)
Icefog Limited
Unaudited accounts
for the year ended 31 December 2023
Icefog Limited
Unaudited accounts
Contents
Icefog Limited
Company Information
for the year ended 31 December 2023
Director
Arnaud de Canteloube de Marmiés
Company Number
10213228 (England and Wales)
Registered Office
10th Floor
240 Blackfriars Road
London
SE1 8NW
UNITED KINGDOM
Icefog Limited
Statement of financial position
as at 31 December 2023
Investments
158,877
158,877
Cash at bank and in hand
17,151
16,936
Creditors: amounts falling due within one year
(37,332)
(49,804)
Net current assets
93,428
118,749
Net assets
252,305
277,626
Called up share capital
100
100
Profit and loss account
252,205
277,526
Shareholders' funds
252,305
277,626
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 7 March 2024 and were signed on its behalf by
Arnaud de Canteloube de Marmiés
Director
Company Registration No. 10213228
Icefog Limited
Notes to the Accounts
for the year ended 31 December 2023
Icefog Limited is a private company, limited by shares, registered in England and Wales, registration number 10213228. The registered office is 10th Floor, 240 Blackfriars Road, London, SE1 8NW, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in subsidiaries are included at cost less impairment.
Investments in associates are included at cost less impairment.
Financial statements are separate financial statements.
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 January 2023
158,840
37
158,877
Valuation at 31 December 2023
158,840
37
158,877
Amounts falling due within one year
Trade debtors
30,061
29,960
Amounts due from group undertakings etc.
83,323
121,572
Accrued income and prepayments
225
-
Icefog Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
27,003
45,145
Other creditors
2,644
2,644
Loans from directors
15
15
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Transactions with related parties
Finorama Technology Limited ("Finorama")
The company owns 37% of the issued share capital of Finorama. At 31 December 2023 the company was owed £29,449 (2022 - £19,441) from Finorama. A loan is interest free and repayable on demand. A provision for impairement loss of £29,449 was made against this loan.
Admio LLP
The company held a 76% interest in Admio LLP ("LLP"). The company's share of profits in LLP in the period was £12,151 (2022 - £96,428) - included under Other operating income. Admio LLP incorporated into Admio Capital Limited on the 12 July 2023. At 31 December 2023 Admio Capital owed £18,658 (2022 - £6,473) in respect of undistributed profits of Admio LLP.
Admio Capital Ltd
The company owns 100% of the issued share capital of Admio Capital Ltd.
At 31 December 2023 amounts due from group undertaking include an unsecured and interest free loan of £148,055 (2022 - £95,657 (Admio LLP) ) owed to the company from Ltd. The loan is repayable on demand. A provision for impairement loss of £83,356 was made against this loan and unistributed profits.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).