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REGISTERED NUMBER: 00571991 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2023

for

I.C.S Estates Limited

I.C.S Estates Limited (Registered number: 00571991)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I.C.S Estates Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: T G Hughes
Mrs S L Gohl
Mrs D S M Hughes





SECRETARY: Mrs D S M Hughes





REGISTERED OFFICE: The Mint Market
Grange Road
Midhurst
West Sussex
GU29 9LT





REGISTERED NUMBER: 00571991 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

I.C.S Estates Limited (Registered number: 00571991)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 577 164,558
Investments 5 21,200 21,200
Investment property 6 25,000 21,000
46,777 206,758

CURRENT ASSETS
Stocks 38,068 38,068
Debtors 7 22,557 2,108,299
Cash at bank 1,502,903 85,305
1,563,528 2,231,672
CREDITORS
Amounts falling due within one year 8 13,038 340,516
NET CURRENT ASSETS 1,550,490 1,891,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,597,267

2,097,914

CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Fair value reserve 10 16,310 12,310
Other reserves 110,974 110,974
Retained earnings 1,465,983 1,970,630
SHAREHOLDERS' FUNDS 1,597,267 2,097,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

I.C.S Estates Limited (Registered number: 00571991)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:




Mrs S L Gohl - Director



Mrs D S M Hughes - Director


I.C.S Estates Limited (Registered number: 00571991)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

I.C.S Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - not provided
Plant & equipment - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock
Stock is stated at the lower of actual cost, (including an addition for overhead expenditure where appropriate), and estimated net realisable value.


Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

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.

Creditors
Short term creditors are measured at the transaction price.


I.C.S Estates Limited (Registered number: 00571991)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
Leasehold leasehold Plant & Fixtures
property property equipment & fittings Totals
£    £    £    £    £   
COST
At 1 October 2022 139,656 24,132 2,445 463 166,696
Disposals (139,656 ) (24,132 ) - - (163,788 )
At 30 September 2023 - - 2,445 463 2,908
DEPRECIATION
At 1 October 2022 - - 1,721 417 2,138
Charge for year - - 181 12 193
At 30 September 2023 - - 1,902 429 2,331
NET BOOK VALUE
At 30 September 2023 - - 543 34 577
At 30 September 2022 139,656 24,132 724 46 164,558

I.C.S Estates Limited (Registered number: 00571991)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 21,200
NET BOOK VALUE
At 30 September 2023 21,200
At 30 September 2022 21,200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 21,000
Revaluations 4,000
At 30 September 2023 25,000
NET BOOK VALUE
At 30 September 2023 25,000
At 30 September 2022 21,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2020 10,310
Valuation in 2022 2,000
Valuation in 2023 4,000
Cost 8,690
25,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 8,690 8,690

The investment property was valued on an open market basis on 26 May 2023 by Savills. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 2,093,815
Other debtors 22,557 14,484
22,557 2,108,299

I.C.S Estates Limited (Registered number: 00571991)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 2,043 36,965
Taxation and social security 985 227,446
Other creditors 10,010 76,105
13,038 340,516

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
4,000 Ordinary £1 4,000 4,000

The issued share capital is made up as follows, Ordinary shares 2,000 (2022: 2,000) and Deferred shares 2,000 (2022: 2,000).

10. RESERVES
Fair
value
reserve
£   
At 1 October 2022 12,310
Transfer of net fair value
adjustment 4,000

At 30 September 2023 16,310