ICONIQ CAPITAL (UK) LTD

Company Registration Number:
13096826 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ICONIQ CAPITAL (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

ICONIQ CAPITAL (UK) LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 100 0
Fixed assets
Tangible assets: 3 849,562 76,031
Investments: 4 5,000 0
Total fixed assets: 854,562 76,031
Current assets
Debtors: 5 1,811,621 498,905
Cash at bank and in hand: 368,456 266,536
Investments:   0 0
Total current assets: 2,180,077 765,441
Prepayments and accrued income: 13,902 11,395
Creditors: amounts falling due within one year: 6 ( 1,528,764 ) ( 392,322 )
Net current assets (liabilities): 665,215 384,514
Total assets less current liabilities: 1,519,877 460,545
Creditors: amounts falling due after more than one year: 7 ( 556,610 )
Provision for liabilities: ( 432,020 ) ( 79,422 )
Total net assets (liabilities): 531,247 381,123
Capital and reserves
Called up share capital: 300,100 1,200,000
Share premium account: 900,000
Profit and loss account: (668,853 ) (818,877 )
Total Shareholders' funds: 531,247 381,123

The notes form part of these financial statements

ICONIQ CAPITAL (UK) LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Louis D. Thorne
Status: Director

The notes form part of these financial statements

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost of the items of property, plant and equipment less residual values under the straight-line method over their estimated useful lives. The estimated useful lives are as follows: Computer & IT Equipment - 3 years Furniture & Fixtures - 7 years Leasehold improvements - shorter of useful life or the lease term

    Other accounting policies

    Investments in group undertakings Investments in group undertakings are recognised at cost. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. Leases The Company early adopted the amendments to FRS 102 Section 20 Leases, pursuant to The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review 2024. On the Balance Sheet, the Company recognises an asset within fixed assets which represents the ‘right of use’ of the property, and a corresponding lease liability, split between current and non current liabilities, at the present value of the future lease payments, with adjustments made for the incremental costs of obtaining the lease. Each rental payment will reduce the lease liability. The right-of-use asset is subsequently depreciated under the straight-line method from the commencement date to the end of the lease term. In the Profit and Loss Account, depreciation (and any impairment) of the right-of-use asset, and a finance cost for the unwinding of the lease liability are recognised. 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.

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 3

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 38,134 53,485 91,619
Additions 717,321 54,500 59,328 831,149
Disposals
Revaluations
Transfers
At 31 December 2023 717,321 92,634 112,813 922,768
Depreciation
At 1 January 2023 0 4,064 11,524 15,588
Charge for year 33,429 8,222 15,967 57,618
On disposals
Other adjustments
At 31 December 2023 33,429 12,286 27,491 73,206
Net book value
At 31 December 2023 683,892 80,348 85,322 849,562
At 31 December 2022 0 34,070 41,961 76,031

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Right of Use asset balance is included in fixed asset balance under land and buildings. FIXED ASSET INVESTMENTS Shares in group undertakings 5,000

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 5,741 0
Prepayments and accrued income 13,902
Other debtors 1,791,978 498,905
Total 1,811,621 498,905
Debtors due after more than one year: 43,175 0

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 43,472 255,833
Other creditors 1,485,292 136,489
Total 1,528,764 392,322

ICONIQ CAPITAL (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 556,610
Total 556,610