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REGISTERED NUMBER: 09546450 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ICE FOUNDATION LIMITED

ICE FOUNDATION LIMITED (REGISTERED NUMBER: 09546450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ICE FOUNDATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A Record MBE
S Burt





REGISTERED OFFICE: Ty Merlin
Caerphilly Business Park
Van Road
Caerphilly
CF83 3GS





REGISTERED NUMBER: 09546450 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

ICE FOUNDATION LIMITED (REGISTERED NUMBER: 09546450)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 41,000 41,000
Cash at bank 39 123
41,039 41,123
CREDITORS
Amounts falling due within one year 5 37,992 37,152
NET CURRENT ASSETS 3,047 3,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,047

3,971

RESERVES
Income and expenditure account 3,047 3,971
3,047 3,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





A Record MBE - Director


ICE FOUNDATION LIMITED (REGISTERED NUMBER: 09546450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

ICE Foundation Limited 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.

Turnover
Turnover represents sponsorship receivable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,000 41,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,000 20,000
Sundry creditors 720 600
Loans 17,272 16,552
37,992 37,152

ICE FOUNDATION LIMITED (REGISTERED NUMBER: 09546450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. RELATED PARTY DISCLOSURES

During the year the company was loaned £720 (2023-£1,775) by WCR Limited, a company controlled by A Record MBE. At 30 April 2024 the company owed WCR Limited £10,659 (2023-£9,939). No interest has been charged on this loan.

During the year the company was loaned £nil (2023-£6,613) by ICE Community Holdings Limited, a company controlled by A Record MBE. At 30 April 2024 the company owed ICE Community Holdings Limited £6,613 (2023-£6,613). No interest has been charged on this loan.

During the year the company was charged an administration fee of £nil (2023-£20,000) by Innovation Centre For Enterprise In Wales Limited, a company controlled by A Record MBE. At 30 April 2024 this balance was outstanding and is included in trade creditors.

During the year Anthony & Carole Limited provided sponsorship of £nil (2023-£27,000) to the company. At 30 April 2024 this balance is included in trade debtors.

7. COMPANY STATUS

The company is a company limited by guarantee, in the event of the company being wound up the liability of the members is limited to £1 per member.