Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true32023-04-01falseDental practice activities3true 07897594 2023-04-01 2024-03-31 07897594 2024-03-31 07897594 2022-04-01 2023-03-31 07897594 2023-03-31 07897594 c:Director1 2023-04-01 2024-03-31 07897594 d:CurrentFinancialInstruments 2024-03-31 07897594 d:CurrentFinancialInstruments 2023-03-31 07897594 d:Non-currentFinancialInstruments 2024-03-31 07897594 d:Non-currentFinancialInstruments 2023-03-31 07897594 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07897594 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07897594 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07897594 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07897594 d:ShareCapital 2024-03-31 07897594 d:ShareCapital 2023-03-31 07897594 d:RetainedEarningsAccumulatedLosses 2024-03-31 07897594 d:RetainedEarningsAccumulatedLosses 2023-03-31 07897594 c:FRS102 2023-04-01 2024-03-31 07897594 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07897594 c:FullAccounts 2023-04-01 2024-03-31 07897594 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07897594 6 2023-04-01 2024-03-31 07897594 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 07897594













IC 102 Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
IC 102 Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
487,430
487,430

  
487,430
487,430

Current assets
  

Cash at bank and in hand
  
2
2

  
2
2

Creditors: amounts falling due within one year
 5 
(251,089)
(167,681)

Net current liabilities
  
 
 
(251,087)
 
 
(167,679)

Total assets less current liabilities
  
236,343
319,751

Creditors: amounts falling due after more than one year
 6 
(621,065)
(677,727)

  

Net liabilities
  
(384,722)
(357,976)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
(384,725)
(357,979)

Shareholders' deficit
  
(384,722)
(357,976)


1

 
IC 102 Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2024.




Roger William Poynton
Director

Company registered number: 07897594
The notes on pages 3 to 4 form part of these financial statements. 

2

 
IC 102 Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is 248 Kimberworth Park Road, Rotherham, South Yorkshire, S61 3JN, England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023: 3).

3

 
IC 102 Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
487,430



At 31 March 2024
487,430





5.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
249,025
165,617

Accruals
2,064
2,064

251,089
167,681



6.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
621,065
677,727

621,065
677,727



7.


Related party transactions

The company was under the control of Roger Poynton, Ronan McManus and Andrew Goodall throughout the current and previous year.
The company is the majority shareholder in Kimberworth Park Practice Limited, a company registered in England and Wales. 
The company operated a loan account with Kimberworth Park Practice Limited. The intercompany amount owed from Kimberworth Park Practice Limited due by the company at 31 March 2024 was £249,025 (2023: £165,617).

 
4