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REGISTERED NUMBER: 09335553 (England and Wales)















ICG-longbow Partners Development
Investments Limited

Financial Statements

for the Year Ended 31 December 2023






ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICG-longbow Partners Development
Investments Limited

Company Information
for the year ended 31 December 2023







Directors: Graeme Troll
Kevin Cooper
Martin Robert Wheeler





Registered office: Procession House
55 Ludgate Hill
London
EC4M 7JW





Registered number: 09335553 (England and Wales)






ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 - 1,581,802

Current assets
Debtors 5 888,153 89,124
Cash at bank 54,718 458,726
942,871 547,850
Creditors
Amounts falling due within one year 6 120,585 75,026
Net current assets 822,286 472,824
Total assets less current liabilities 822,286 2,054,626

Creditors
Amounts falling due after more than one
year

7

522,211

1,750,543
Net assets 300,075 304,083

Capital and reserves
Called up share capital 8 10,001 10,140
Capital redemption reserve 9 139 -
Retained earnings 9 289,935 293,943
Shareholders' funds 300,075 304,083

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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.

ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Balance Sheet - continued
31 December 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Graeme Troll - Director


ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

ICG-longbow Partners Development Investments 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.

The accounts are presented in Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables and equity instruments. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets and liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the income statement.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Turnover
Turnover represents fee income from investments which are recognised in the period in which the Company is entitled, consistent with the accruals basis.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Fixed asset investments
Other
investments
£
Cost
At 1 January 2023 1,581,802
Disposals (1,581,802 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 1,581,802

ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by participating interests 87,499 87,499
Other debtors 799,029 -
Called up share capital not paid 1,625 1,625
888,153 89,124

6. Creditors: amounts falling due within one year
2023 2022
£ £
Tax 66,181 66,181
Other creditors 54,404 8,845
120,585 75,026

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Amounts owed to shareholders 522,211 1,750,543

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary A Shares £0.10 1 140
100,000 Ordinary B Shares £0.10 10,000 10,000
10,001 10,140

All shares carry rights to receive notice of, attend and vote at general meetings. One share carries one vote; rights to dividends - all share rank pari passu.

9. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 January 2023 293,943 - 293,943
Deficit for the year (4,008 ) (4,008 )
Purchase of own shares - 139 139
At 31 December 2023 289,935 139 290,074

ICG-longbow Partners Development
Investments Limited (Registered number: 09335553)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. Related party disclosures

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within amounts owed by participating interests is £87,499 (2022: £87,499) owed by a company controlled by the directors.

Included within amounts owed to shareholders is £Nil (2022: £1,750,543) owed to a company controlled by the directors.

11. Ultimate controlling party

The ultimate controlling parties are Kevin Cooper and Martin Wheeler.