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REGISTERED NUMBER: 03447207 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


FOR


ICEHAVEN LIMITED


ICEHAVEN LIMITED (REGISTERED NUMBER: 03447207)


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




ICEHAVEN LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTOR:

M K Newton







SECRETARY:

C J Newton







REGISTERED OFFICE:

5 Challow Close


Hassocks


West Sussex


BN6 8JW







REGISTERED NUMBER:

03447207 (England and Wales)







ACCOUNTANTS:

Orcom Civvals Limited


Accountants


50 Seymour Street


London


W1H 7JG


ICEHAVEN LIMITED (REGISTERED NUMBER: 03447207)


BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

115,000


230,000




CURRENT ASSETS

Cash at bank and in hand

166,230


24,508




CREDITORS

Amounts falling due within one year

5

29,696


2,313



NET CURRENT ASSETS

136,534


22,195



TOTAL ASSETS LESS CURRENT

LIABILITIES

251,534


252,195




PROVISIONS FOR LIABILITIES

24,000


40,000



NET ASSETS

227,534


212,195




CAPITAL AND RESERVES

Called up share capital

2


2



Other reserves

6

105,000


210,000



Retained earnings

6

122,532


2,193



227,534


212,195




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 director acknowledges his 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.


ICEHAVEN LIMITED (REGISTERED NUMBER: 03447207)


BALANCE SHEET - continued

31 DECEMBER 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 director and authorised for issue on 9 September 2024  and were signed by:






M K Newton - Director



ICEHAVEN LIMITED (REGISTERED NUMBER: 03447207)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



Icehaven 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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.    



Turnover

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


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.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


ICEHAVEN LIMITED (REGISTERED NUMBER: 03447207)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 January 2023

230,000




Disposals

(115,000

)



At 31 December 2023

115,000




NET BOOK VALUE


At 31 December 2023

115,000




At 31 December 2022

230,000





The investment properties were valued by the director on an open market basis for existing use as at 31 December 2023.



On an historical cost basis the properties would have been included at an original cost of £10,000 (2022: £20,000).



At 31 December 2023, the potential liability to taxation that would arise if the investment property was sold at the valuation shown in these accounts would be £24,000  (2022: £40,000).


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Tax

28,218


895




Shareholder loans

818


818




Accrued expenses

660


600



29,696


2,313




6.

RESERVES


Retained


Other



earnings


reserves


Totals

£   

£   

£   




At 1 January 2023

2,193


210,000


212,193




Profit for the year

15,339


15,339




Investment properties

105,000


(105,000

)

-




At 31 December 2023

122,532


105,000


227,532