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Company Registration No. 14699116 (England and Wales)
Icon Mortgage Associates Ltd Unaudited accounts for the period from 1 March 2023 to 31 March 2024
Icon Mortgage Associates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,940 
- 
Cash at bank and in hand
30,118 
- 
32,058 
- 
Creditors: amounts falling due within one year
(29,035)
- 
Net current assets
3,023 
- 
Net assets
3,023 
- 
Capital and reserves
Called up share capital
1 
- 
Capital contribution reserve
100 
- 
Profit and loss account
2,922 
- 
Shareholders' funds
3,023 
- 
For the period ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
AJEESH THOMAS Director Company Registration No. 14699116
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Icon Mortgage Associates Ltd Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
Icon Mortgage Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 14699116. The registered office is Room 1 Ebenezer House, 2-10 St.Johns Street, Bedford, MK42 0DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased Assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,940 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,153 
- 
Proposed dividends
10,000 
- 
Other creditors
11,882 
- 
Loans from directors
4,000 
- 
29,035 
- 
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Icon Mortgage Associates Ltd Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,800 
- 
Later than one year and not later than five years
5,800 
- 
11,600 
- 
7
Average number of employees
During the period the average number of employees was 1 (2023: 0).
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