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REGISTERED NUMBER: 06222590 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ICON PROPERTY GROUP LIMITED

ICON PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICON PROPERTY GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: Mr A D Powell





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 06222590 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

ICON PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,446 5,928
Investments 5 318,637 318,637
323,083 324,565

CURRENT ASSETS
Debtors 6 212,081 284,607
Cash at bank 58,322 73,876
270,403 358,483
CREDITORS
Amounts falling due within one year 7 332,485 499,446
NET CURRENT LIABILITIES (62,082 ) (140,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,001

183,602

CREDITORS
Amounts falling due after more than one
year

8

322,000

322,000
NET LIABILITIES (60,999 ) (138,398 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (61,000 ) (138,399 )
SHAREHOLDERS' FUNDS (60,999 ) (138,398 )

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 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 PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr A D Powell - Director


ICON PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

Icon Property Group 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.

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 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.
Equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 1 (2023 - 1 ) .

ICON PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023
and 30 April 2024 25,215
DEPRECIATION
At 1 May 2023 19,287
Charge for year 1,482
At 30 April 2024 20,769
NET BOOK VALUE
At 30 April 2024 4,446
At 30 April 2023 5,928

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 318,637
NET BOOK VALUE
At 30 April 2024 318,637
At 30 April 2023 318,637

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Group inter company loans (47,919 ) 24,607

Amounts falling due after more than one year:
Loans to trading associates 260,000 260,000

Aggregate amounts 212,081 284,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 1,385 -
VAT 6,988 10,846
Other creditors 31,635 31,635
Director's loan account 290,677 455,965
Accruals and deferred income 1,800 1,000
332,485 499,446

ICON PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06222590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans 322,000 322,000

9. RELATED PARTY DISCLOSURES

Control
The company is controlled by Mr. A. D. Powell, a director.

Balances
As at 30/4/2024 Mr. A. D. Powell had made loans to the company with a value of £290,677 (2023: £450,348).

Transactions

Rent
Mr. Powell has charged the company rent of £13,375 in the year for offices in relation to that portion of his private residence used as the company's office premises (2023: £13,575).

Financial Support
The company continues to depend upon the financial support of Mr. A. D. Powell, as detailed above, in order to continue to trade and would not be viable without that support.