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REGISTERED NUMBER: 12572991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Icon Model Management Limited

Icon Model Management Limited (Registered number: 12572991)






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


Icon Model Management Limited

Company Information
for the Year Ended 31 March 2024







Director: M R Hamilton





Registered office: 21 Vale Avenue
Worthing
BN14 0BY





Registered number: 12572991 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Icon Model Management Limited (Registered number: 12572991)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 1,345 2,104
Investments 5 290 11,290
1,635 13,394

Current assets
Debtors 6 969 1,354
Cash at bank 809 14,636
1,778 15,990
Creditors
Amounts falling due within one year 7 7,336 3,470
Net current (liabilities)/assets (5,558 ) 12,520
Total assets less current liabilities (3,923 ) 25,914

Capital and reserves
Called up share capital 8 10 10
Retained earnings (3,933 ) 25,904
Shareholders' funds (3,923 ) 25,914

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 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.

Icon Model Management Limited (Registered number: 12572991)

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 director and authorised for issue on 18 November 2024 and were signed by:





M R Hamilton - Director


Icon Model Management Limited (Registered number: 12572991)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Icon Model Management 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 in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Plant and machinery - 25% reducing balance
Computer equipment - 33% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Icon Model Management Limited (Registered number: 12572991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Taxation
Taxation for the yearcomprises 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.

3. Employees and directors

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

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 200 4,459 4,659
Depreciation
At 1 April 2023 114 2,441 2,555
Charge for year 86 673 759
At 31 March 2024 200 3,114 3,314
Net book value
At 31 March 2024 - 1,345 1,345
At 31 March 2023 86 2,018 2,104

Icon Model Management Limited (Registered number: 12572991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 April 2023 11,290
Reclassification/transfer (11,000 )
At 31 March 2024 290
Net book value
At 31 March 2024 290
At 31 March 2023 11,290

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 11,290
Valuation in 2024 (11,000 )
290

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 969 1,354

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,004 40
Other creditors 5,332 3,430
7,336 3,470

Icon Model Management Limited (Registered number: 12572991)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary 1 10 10

9. Related party disclosures

At the year end, the company owed the director £2,603 (2023: £1,216).