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REGISTRAR OF COMPANIES

Registration number: 12120586

IC Management Limited

Unaudited Financial Statements

Year Ended 30 April 2025

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IC Management Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
IC Management Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IC Management Limited for the year ended 30 April 2025 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of IC Management Limited, as a body, in accordance with the terms of our engagement letter dated 7 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of IC Management Limited and state those matters that we have agreed to state to the Board of Directors of IC Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IC Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that IC Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of IC Management Limited. You consider that IC Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of IC Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

30 May 2025

 

IC Management Limited

(Registration number: 12120586)
Balance Sheet as at 30 April 2025

2025
£

2024
£

Fixed assets

 

88,655

184,101

Current assets

 

205,675

23,827

Creditors: Amounts falling due within one year

 

(324,685)

(189,671)

Net current liabilities

 

(119,010)

(165,844)

Total assets less current liabilities

 

(30,355)

18,257

Creditors: Amounts falling due after more than one year

 

(33,792)

(40,654)

Accruals and deferred income

 

(10,672)

(6,993)

   

(74,819)

(29,390)

Capital and reserves

 

(74,819)

(29,390)

 

IC Management Limited

(Registration number: 12120586)
Balance Sheet as at 30 April 2025 (continued)

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3

Related party transactions

Transactions with directors

2025

At 1 May 2024
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 30 April 2025
£

IB Cormack

Loan

8,810

68,658

(46,161)

-

492

31,799

             
         

R Cormack

Loan

8,811

68,657

(46,161)

-

492

31,799

             
         

 

2024

At 1 May 2023
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 30 April 2024
£

IB Cormack

Loan

-

15,332

(6,522)

-

-

8,810

             
         

R Cormack

Loan

-

15,332

(6,521)

-

-

8,811

             
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to directors.

 

IC Management Limited

(Registration number: 12120586)
Balance Sheet as at 30 April 2025 (continued)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 30 May 2025 and signed on its behalf by:
 

.........................................
IB Cormack
Director

.........................................
R Cormack
Director