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Registered number: 14981630










ICONIC COMMERCIAL INVESTMENT GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
ICONIC COMMERCIAL INVESTMENT GROUP LIMITED
REGISTERED NUMBER: 14981630

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
283,315

Cash at bank and in hand
  
80

  
283,395

Creditors: amounts falling due within one year
  
(289,636)

Net current (liabilities)/assets
  
 
 
(6,241)

Total assets less current liabilities
  
(6,241)

  

Net (liabilities)/assets
  
(6,241)


Capital and reserves
  

Called up share capital 
  
10

Profit and loss account
  
(6,251)

  
(6,241)


Page 1

 
ICONIC COMMERCIAL INVESTMENT GROUP LIMITED
REGISTERED NUMBER: 14981630

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2025.




J R Tappenden
S B Tappenden
Director
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
ICONIC COMMERCIAL INVESTMENT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

The company has net current liabilities of £6,241 at 31 May 2024. The directors have used the going concern basis in preparation of the financial statements on the basis that the company has the continuing support of its factors, bankers and other creditors, which enables the company to pay its debts when they fall due.

 
1.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Iconic Commercial Investment Group Limited is a private company, limited by shares, domiciled in England and Wales. The registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
2,977

Prepayments and accrued income
280,338
Page 3

 
ICONIC COMMERCIAL INVESTMENT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.Debtors (continued)


283,315



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
80

80



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,967

Other creditors
285,669

289,636



7.


Capital commitments


At 31 May 2024 the Company had capital commitments as follows:

2024
£


Contracted for but not provided in these financial statements
4,575,999

4,575,999


8.


Related party transactions

These financial statements include the following transactions and balances with related parties:-
A company under common control with Iconic Commercial Investment Group Limited: Other creditors £135,669.


Page 4