IRIS Accounts Production v24.2.0.383 04743938 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047439382022-12-31047439382023-12-31047439382023-01-012023-12-31047439382021-12-31047439382022-01-012022-12-31047439382022-12-3104743938ns15:EnglandWales2023-01-012023-12-3104743938ns14:PoundSterling2023-01-012023-12-3104743938ns10:Director12023-01-012023-12-3104743938ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104743938ns10:SmallEntities2023-01-012023-12-3104743938ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104743938ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104743938ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104743938ns10:FullAccounts2023-01-012023-12-3104743938ns10:Director22023-01-012023-12-3104743938ns10:Director32023-01-012023-12-3104743938ns10:CompanySecretary12023-01-012023-12-3104743938ns10:RegisteredOffice2023-01-012023-12-3104743938ns5:CurrentFinancialInstruments2023-12-3104743938ns5:CurrentFinancialInstruments2022-12-3104743938ns5:ShareCapital2023-12-3104743938ns5:ShareCapital2022-12-3104743938ns5:SharePremium2023-12-3104743938ns5:SharePremium2022-12-3104743938ns5:RetainedEarningsAccumulatedLosses2023-12-3104743938ns5:RetainedEarningsAccumulatedLosses2022-12-3104743938ns5:PlantMachinery2023-01-012023-12-3104743938ns5:LandBuildings2022-12-3104743938ns5:PlantMachinery2022-12-3104743938ns5:MotorVehicles2022-12-3104743938ns5:LandBuildings2023-01-012023-12-3104743938ns5:MotorVehicles2023-01-012023-12-3104743938ns5:LandBuildings2023-12-3104743938ns5:PlantMachinery2023-12-3104743938ns5:MotorVehicles2023-12-3104743938ns5:LandBuildings2022-12-3104743938ns5:PlantMachinery2022-12-3104743938ns5:MotorVehicles2022-12-3104743938ns5:CostValuation2022-12-3104743938ns5:DisposalsRepaymentsInvestments2023-12-3104743938ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3104743938ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3104743938ns5:CostValuation2023-12-3104743938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104743938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104743938ns5:RetainedEarningsAccumulatedLosses2022-12-3104743938ns5:SharePremium2022-12-3104743938ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04743938 (England and Wales)















Icon Two Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Icon Two Limited (Registered number: 04743938)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icon Two Limited

Company Information
for the year ended 31 December 2023







Directors: J B Lewis
S J Lewis
N J Youngs



Secretary: N J Youngs



Registered office: Ockington
Knights Green
Dymock
Gloucestershire
GL18 2DE



Registered number: 04743938 (England and Wales)



Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA



Solicitors: Plainlaw LLP
11a West Way
Oxford
OX2 0JB

Icon Two Limited (Registered number: 04743938)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 6,126,760 4,895,367
Investments 5 5,556,759 6,852,245
11,683,519 11,747,612

Current assets
Debtors 6 35,428 3,488
Cash at bank and in hand 144,065 740,141
179,493 743,629
Creditors
Amounts falling due within one year 7 3,747,782 3,683,347
Net current liabilities (3,568,289 ) (2,939,718 )
Total assets less current liabilities 8,115,230 8,807,894

Capital and reserves
Called up share capital 8 1,272 1,270
Share premium 9 599,910 599,910
Retained earnings 9 7,514,048 8,206,714
Shareholders' funds 8,115,230 8,807,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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.

Icon Two Limited (Registered number: 04743938)

Balance Sheet - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





J B Lewis - Director


Icon Two Limited (Registered number: 04743938)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Icon Two 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Preparation of consolidated financial statements
The financial statements contain information about Icon Two Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost and 15% on reducing balance

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

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.

3. Employees and directors

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

Icon Two Limited (Registered number: 04743938)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost
At 1 January 2023 4,874,998 10,017 38,500 4,923,515
Additions 1,240,727 1,184 - 1,241,911
Disposals - (5,250 ) - (5,250 )
At 31 December 2023 6,115,725 5,951 38,500 6,160,176
Depreciation
At 1 January 2023 - 8,898 19,250 28,148
Charge for year - 893 9,625 10,518
Eliminated on disposal - (5,250 ) - (5,250 )
At 31 December 2023 - 4,541 28,875 33,416
Net book value
At 31 December 2023 6,115,725 1,410 9,625 6,126,760
At 31 December 2022 4,874,998 1,119 19,250 4,895,367

The directors, who specialise in the sector, have assessed the fair value of Land and Buildings at the balance sheet date and have determined there are no material changes to the valuation.

5. Fixed asset investments
Shares in
group Other
undertakings investments Totals
£ £ £
Cost or valuation
At 1 January 2023 244,426 6,607,819 6,852,245
Disposals - (510,277 ) (510,277 )
Revaluations - (540,783 ) (540,783 )
Impairments (244,426 ) - (244,426 )
At 31 December 2023 - 5,556,759 5,556,759
Net book value
At 31 December 2023 - 5,556,759 5,556,759
At 31 December 2022 244,426 6,607,819 6,852,245

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2023 (244,426 ) (1,051,060 ) (1,295,486 )
Cost 244,426 6,607,819 6,852,245
- 5,556,759 5,556,759

Icon Two Limited (Registered number: 04743938)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 35,428 3,488

7. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings - 303
Taxation and social security 118,984 50,279
Other creditors 3,628,798 3,632,765
3,747,782 3,683,347

8. Called up share capital

Allotted, issued
and fully paid:

2023 2022
Number: Class: Nominal Value: £ £

530 Ordinary £1 530 530
325 Ordinary A £1 325 325
325 Ordinary B £1 325 325
45 Ordinary C £1 45 45
45 Ordinary D £1 45 45
2 Ordinary E £1 2 -
1,272 1,270

During the year, 2 Ordinary E shares of £1 each were allotted and fully paid for cash.

9. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 January 2023 8,206,714 599,910 8,806,624
Deficit for the year (427,606 ) (427,606 )
Dividends (265,060 ) (265,060 )
At 31 December 2023 7,514,048 599,910 8,113,958

10. Related party disclosures

Included within other creditors, at the balance sheet date, are amounts owed to directors of £3,538,843 (2022: £3,597,470).