Registration number: 14107323

Bice Investments Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Bice Investments Limited

(Registration number: 14107323)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	11,417	15,432
Investment property	5	2,407,270	2,263,781
Other financial assets	6	90	90
		2,418,777	2,279,303
Current assets
Debtors	7	845	732
Cash at bank and in hand		51,139	132,502
		51,984	133,234
Creditors: Amounts falling due within one year	8	(2,638,819)	(2,511,654)
Net current liabilities		(2,586,835)	(2,378,420)
Net liabilities		(168,058)	(99,117)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(168,059)	(99,118)
Shareholders' deficit		(168,058)	(99,117)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025
 

......................................... M Lloyd Payne Director

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
7 The Chambers
Vineyard
Abingdon
Oxfordshire
OX14 3PX

These financial statements were authorised for issue by the director on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	20,077	20,077
At 31 December 2024	20,077	20,077
Depreciation
At 1 January 2024	4,645	4,645
Charge for the year	4,015	4,015
At 31 December 2024	8,660	8,660
Carrying amount
At 31 December 2024	11,417	11,417
At 31 December 2023	15,432	15,432

5	Investment properties

	2024 £
At 1 January	2,263,781
Additions	143,489
At 31 December	2,407,270

There has been no valuation of investment property by an independent valuer.

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	90	90
At 31 December 2024	90	90
Impairment
Carrying amount
At 31 December 2024	90	90

7

Debtors

	2024 £	2023 £
Prepayments	845	732
	845	732

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	2,626,032	2,500,379
Accruals and deferred income		2,772	1,260
Other creditors		10,015	10,015
		2,638,819	2,511,654

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

10	Related party transactions

Summary of transactions with parent

Bice Vermogensverwaltungs-GmbH & Co KG (the parent company) During the period the parent company loaned Bice Investments Ltd £nil (2023: £918,783). Bice Investments Ltd paid interest to the parent company of £125,653 (2023: £148,067) The amount due to the parent company at the end of the period was £2,626,032 (2023: £2,500,379).