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REGISTERED NUMBER: 14076667 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

I&C 20 Limited

I&C 20 Limited (Registered number: 14076667)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I&C 20 Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: F Baldini
Mrs L C Jackson





REGISTERED OFFICE: 5th Floor
10 Brook Street
Mayfair
London
W1S 1BG





REGISTERED NUMBER: 14076667 (England and Wales)






I&C 20 Limited (Registered number: 14076667)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 293 407
Investments 5 191,193 -
191,486 407

CURRENT ASSETS
Debtors 6 3,443 1,760
Cash at bank 13,874 178,102
17,317 179,862
CREDITORS
Amounts falling due within one year 7 138,353 48,380
NET CURRENT (LIABILITIES)/ASSETS (121,036 ) 131,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,450

131,889

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 70,350 131,789
SHAREHOLDERS' FUNDS 70,450 131,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

I&C 20 Limited (Registered number: 14076667)

Balance Sheet - continued
30 April 2025


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 Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





F Baldini - Director


I&C 20 Limited (Registered number: 14076667)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

I&C 20 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:
20% Straight Line

Investments in associates
Investments in associate 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 2 (2024 - 2 ) .

I&C 20 Limited (Registered number: 14076667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2024
and 30 April 2025 568
DEPRECIATION
At 1 May 2024 161
Charge for year 114
At 30 April 2025 275
NET BOOK VALUE
At 30 April 2025 293
At 30 April 2024 407

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 191,193
At 30 April 2025 191,193
NET BOOK VALUE
At 30 April 2025 191,193

I & C 20 Limited has a 25% shareholding in Axis Trading Pty Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,683 -
Prepayments and accrued income 1,760 1,760
3,443 1,760

I&C 20 Limited (Registered number: 14076667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax - 23,203
Social security and other taxes (4 ) (4 )
Other creditors 133,357 20,183
Accrued expenses 5,000 4,998
138,353 48,380

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £ 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2024 131,789
Deficit for the year (61,439 )
At 30 April 2025 70,350