Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-01false22023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3Non-trading companyfalsetruefalse 13302804 2023-09-30 13302804 2023-10-01 2024-09-30 13302804 2022-04-01 2023-03-31 13302804 2024-09-30 13302804 2023-03-31 13302804 c:Director1 2023-10-01 2024-09-30 13302804 d:CurrentFinancialInstruments 2024-09-30 13302804 d:CurrentFinancialInstruments 2023-03-31 13302804 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13302804 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13302804 d:ShareCapital 2024-09-30 13302804 d:ShareCapital 2023-03-31 13302804 d:RetainedEarningsAccumulatedLosses 2024-09-30 13302804 d:RetainedEarningsAccumulatedLosses 2023-03-31 13302804 c:FRS102 2023-10-01 2024-09-30 13302804 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13302804 c:FullAccounts 2023-10-01 2024-09-30 13302804 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13302804 d:Subsidiary1 2023-10-01 2024-09-30 13302804 d:Subsidiary1 1 2023-10-01 2024-09-30 13302804 2 2023-10-01 2024-09-30 13302804 6 2023-10-01 2024-09-30 13302804 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 13302804










ICONE GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
ICONE GROUP LIMITED
REGISTERED NUMBER: 13302804

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
332,302
100

  
332,302
100

Current assets
  

Debtors: amounts falling due within one year
 5 
2,484,949
-

Cash at bank and in hand
 6 
7,001,056
7,031,018

  
9,486,005
7,031,018

Creditors: amounts falling due within one year
 7 
(127,560)
(266,893)

Net current assets
  
 
 
9,358,445
 
 
6,764,125

Total assets less current liabilities
  
9,690,747
6,764,225

  

Net assets
  
9,690,747
6,764,225


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,690,647
6,764,125

  
9,690,747
6,764,225


Page 1

 
ICONE GROUP LIMITED
REGISTERED NUMBER: 13302804
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 comprehensive income 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 by: 




Mr H S Shah
Director

Date: 1 May 2025


Page 2

 
ICONE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Icone Group Limited is a private company limited by shares, incorporated in England The address of the registered office is 6th Floor, 2 London Wall Place, London, England, EC2Y 5AU.
The financial statements presented cover an extended accounting period from 1 April 2023 to 30 September 2024. This change was implemented to align the period end with that of its trading subsidiary.

2.Accounting policies

 
2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are prepared in £ sterling, the functional currency, rounded to the nearest £1.
The financial statements are prepared for the 18 month period 1 April 2023 to 30 September 2024. The financial statements to 31 March 2023 are for a period of 12 months and are therefore not entirely comparable. This change was implemented to align with the trading subsidiary.
Icone Group Limited is a parent entity of a small group.  It is not required to prepare and has not prepared group financial statements.  These are the financial statements of the company, not the group.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
ICONE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 3 (2023 - 2).

Page 4

 
ICONE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Unlisted investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 October 2023
100
-
100


Additions
-
299,614
299,614


Gain on investments
-
32,588
32,588



At 30 September 2024
100
332,202
332,302





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Icone International Limited
6th Floor, 2 London Wall Place, London, United Kingdom. EC2Y 5AU
Ordinary £1
100%


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
440,969
-

Other debtors
1,900,000
-

Prepayments and accrued income
143,980
-

2,484,949
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,001,056
7,031,018


Page 5

 
ICONE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
261,000

Corporation tax
123,160
5,893

Accruals and deferred income
4,400
-

127,560
266,893



8.


Related party transactions

The company has taken advantage of the exemption available in Financial Reporting Standard 102 Section 33 whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.


9.


Controlling party

The company is controlled by Mr H S Shah by virtue of his majority shareholding throughout the period.

 
Page 6