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REGISTERED NUMBER: SC436690 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Ithaca Strategy Group Limited

Ithaca Strategy Group Limited (Registered number: SC436690)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ithaca Strategy Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J S Hunt





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC436690 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Ithaca Strategy Group Limited (Registered number: SC436690)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 4
Tangible assets 5 959 588
959 592

CURRENT ASSETS
Debtors 6 35 807
Cash at bank 20,539 13,949
20,574 14,756
CREDITORS
Amounts falling due within one year 7 2,630 5,648
NET CURRENT ASSETS 17,944 9,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,903

9,700

PROVISIONS FOR LIABILITIES 8 182 112
NET ASSETS 18,721 9,588

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 10 18,701 9,568
SHAREHOLDERS' FUNDS 18,721 9,588

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





J S Hunt - Director


Ithaca Strategy Group Limited (Registered number: SC436690)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ithaca Strategy Group Limited is a private company, limited by shares , registered in Scotland. 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.

Preparation of consolidated financial statements
The financial statements contain information about Ithaca Strategy Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable.

Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Patents and licences - 10% on cost and 33.33% on cost

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer Equipment - 20% on cost and 33.33% on cost
Fixture and Fittings - 20% on cost and 100% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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


Ithaca Strategy Group Limited (Registered number: SC436690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2023
and 30 September 2024 13,453
AMORTISATION
At 1 October 2023 13,448
Amortisation for year 5
At 30 September 2024 13,453
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 5

Ithaca Strategy Group Limited (Registered number: SC436690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 249 2,417 2,666
Additions - 994 994
Disposals - (367 ) (367 )
At 30 September 2024 249 3,044 3,293
DEPRECIATION
At 1 October 2023 249 1,829 2,078
Charge for year - 330 330
Eliminated on disposal - (74 ) (74 )
At 30 September 2024 249 2,085 2,334
NET BOOK VALUE
At 30 September 2024 - 959 959
At 30 September 2023 - 588 588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 35 807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security - 2,894
Other creditors 2,630 2,754
2,630 5,648

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 182 112

Deferred
tax
£   
Balance at 1 October 2023 112
Provided during year 70
Balance at 30 September 2024 182

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
20 Ordinary £1 20 20

Ithaca Strategy Group Limited (Registered number: SC436690)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. RESERVES
Retained
earnings
£   

At 1 October 2023 9,568
Profit for the year 9,133
At 30 September 2024 18,701

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A director was owed £911 by the company as at 30th September 2024 (2023: £1,136)

12. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

13. ULTIMATE CONTROLLING PARTY

The controlling party is J S Hunt.