THE ICON FREEHOLD COMPANY LIMITED

Company Registration Number:
06655030 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE ICON FREEHOLD COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE ICON FREEHOLD COMPANY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 31,009 31,813
Total fixed assets: 31,009 31,813
Current assets
Debtors:   873 0
Cash at bank and in hand: 23,140 15,498
Total current assets: 24,013 15,498
Creditors: amounts falling due within one year: 4 (20,320) (14,836)
Net current assets (liabilities): 3,693 662
Total assets less current liabilities: 34,702 32,475
Total net assets (liabilities): 34,702 32,475
Capital and reserves
Called up share capital: 11 11
Profit and loss account: 34,691 32,464
Shareholders funds: 34,702 32,475

The notes form part of these financial statements

THE ICON FREEHOLD COMPANY LIMITED

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

This report was approved by the board of directors on 16 September 2024
and signed on behalf of the board by:

Name: K Pavid
Status: Director

The notes form part of these financial statements

THE ICON FREEHOLD COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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 fair value of consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of aerial rights and from ground rents.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold Over 50 years

THE ICON FREEHOLD COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

THE ICON FREEHOLD COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 40,255
At 31 December 2023 40,255
Depreciation
At 01 January 2023 8,442
Charge for year 804
At 31 December 2023 9,246
Net book value
At 31 December 2023 31,009
At 31 December 2022 31,813

THE ICON FREEHOLD COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Corporation Tax £2,758 Ground rents in advance £1,623 Amounts owed to the service charge £11,834 Other creditors and accruals £4,105

THE ICON FREEHOLD COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Financial commitments

At the end of the period, the company had capital commitments, contracted for but not provided in these financial statements, in respect of refurbishment. This expenditure is paid and accounted for in the separate service charge.