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REGISTERED NUMBER: 00386175 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ICE CREAM ALLIANCE LIMITED(THE)

ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICE CREAM ALLIANCE LIMITED(THE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K G Alston
J D McNeil
D R Otterburn
Z Philipson
S A Richards
J Williams
S M Whitby
D V Equi
A Roach





REGISTERED OFFICE: 3 Melbourne Court
Pride Park
Derby
DE24 8LZ





REGISTERED NUMBER: 00386175 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,391 108,117
Investments 5 59,624 114,727
162,015 222,844

CURRENT ASSETS
Debtors 6 33,052 34,160
Cash at bank and in hand 126,172 70,629
159,224 104,789
CREDITORS
Amounts falling due within one year 7 126,594 106,029
NET CURRENT ASSETS/(LIABILITIES) 32,630 (1,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,645

221,604

CREDITORS
Amounts falling due after more than one
year

8

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (1,827 ) (3,034 )
NET ASSETS 176,151 191,903

RESERVES
Fair value reserve 9 7,806 12,952
Income and expenditure account 168,345 178,951
176,151 191,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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.

ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





D V Equi - Director


ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ice Cream Alliance Limited(The) is a private company, limited by guarantee , 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Fixed asset investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. As such investments are considered non-core activities to the company, any income received in relation to such investments are not included as turnover.

ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings Website equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 160,268 28,599 22,263 44,206 255,336
Additions - 250 - 1,250 1,500
At 31 March 2024 160,268 28,849 22,263 45,456 256,836
DEPRECIATION
At 1 April 2023 64,104 22,108 20,971 40,036 147,219
Charge for year 3,206 671 1,292 2,057 7,226
At 31 March 2024 67,310 22,779 22,263 42,093 154,445
NET BOOK VALUE
At 31 March 2024 92,958 6,070 - 3,363 102,391
At 31 March 2023 96,164 6,491 1,292 4,170 108,117

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 114,727
Disposals (60,450 )
Revaluations 5,347
At 31 March 2024 59,624
NET BOOK VALUE
At 31 March 2024 59,624
At 31 March 2023 114,727

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2019 4,763
Valuation in 2020 (3,049 )
Valuation in 2021 4,346
Valuation in 2022 4,483
Valuation in 2023 (850 )
Valuation in 2024 (69 )
Cost 50,000
59,624

ICE CREAM ALLIANCE LIMITED(THE) (REGISTERED NUMBER: 00386175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,440 15,400
Other debtors 18,612 18,760
33,052 34,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 51,563 29,054
Taxation and social security 2,049 2,863
Other creditors 62,982 64,112
126,594 106,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,667

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 12,952
Transfer (5,146 )

At 31 March 2024 7,806