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REGISTERED NUMBER: 04743938 (England and Wales)

Icon Two Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

| Icon Two Limited (Registered number: 04743938) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Icon Two Limited |

Company Information

for the year ended 31 December 2024

| Directors: | J B Lewis

| S J Lewis Director

| N J Youngs

| Secretary: | N J Youngs

| Registered office: | Ockington

| Knights Green

| Dymock

| Gloucestershire

| GL18 2DE

| Registered number: | 04743938 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| New Derwent House

| 69-73 Theobalds Road

| London

| WC1X 8TA

| Icon Two Limited (Registered number: 04743938) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 6,176,620 |  | 6,126,760 |  |

Investments | 5 | 4,845,000 |  | 5,556,759 |  |

11,021,620 |  | 11,683,519 |  |

Current assets

Debtors | 6 | - |  | 35,428 |  |

Cash at bank | 504,861 |  | 144,065 |  |

504,861 |  | 179,493 |  |

Creditors

Amounts falling due within one year | 7 | 3,778,542 |  | 3,747,782 |  |

Net current liabilities | (3,273,681 | ) | (3,568,289 | ) |

Total assets less current liabilities | 7,747,939 |  | 8,115,230 |  |

Capital and reserves

Called up share capital | 8 | 1,272 |  | 1,272 |  |

Share premium | 9 | 599,910 |  | 599,910 |  |

Retained earnings | 9 | 7,146,757 |  | 7,514,048 |  |

Shareholders' funds | 7,747,939 |  | 8,115,230 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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.

| Icon Two Limited (Registered number: 04743938) |

Balance Sheet - continued

31 December 2024

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

J B Lewis - Director

| Icon Two Limited (Registered number: 04743938) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| Icon Two 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 as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

| Preparation of consolidated financial statements

| The financial statements contain information about Icon Two 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 measured at the fair value of the consideration received or receivable, excluding value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 15% on cost

| Motor vehicles | - | 25% on 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.

| Investments

| Fixed asset investments are held at fair value less any provision for impairment.

3. | Employees and directors

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

| Icon Two Limited (Registered number: 04743938) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

4. | Tangible fixed assets

Freehold | Plant and | Motor |

property | machinery | vehicles | Totals |

| £ | £ | £ | £

| Cost

| At 1 January 2024 | 6,115,725 |  | 5,951 |  | 38,500 |  | 6,160,176 |  |

| Additions | 29,752 |  | 277 |  | 36,989 |  | 67,018 |  |

| Disposals | - |  | - |  | (38,500 | ) | (38,500 | ) |

| At 31 December 2024 | 6,145,477 |  | 6,228 |  | 36,989 |  | 6,188,694 |  |

| Depreciation

| At 1 January 2024 | - |  | 4,541 |  | 28,875 |  | 33,416 |  |

| Charge for year | - |  | 598 |  | 6,935 |  | 7,533 |  |

| Eliminated on disposal | - |  | - |  | (28,875 | ) | (28,875 | ) |

| At 31 December 2024 | - |  | 5,139 |  | 6,935 |  | 12,074 |  |

| Net book value

| At 31 December 2024 | 6,145,477 |  | 1,089 |  | 30,054 |  | 6,176,620 |  |

| At 31 December 2023 | 6,115,725 |  | 1,410 |  | 9,625 |  | 6,126,760 |  |

| The directors, who specialise in the sector, have assessed the fair value of Land and Buildings at the balance sheet date and have determined there are no material changes to the valuation.

5. | Fixed asset investments

Listed |

investments |

| £

| Cost or valuation

| At 1 January 2024 | 5,556,759 |  |

| Disposals | (280,652 | ) |

| Revaluations | (431,107 | ) |

| At 31 December 2024 | 4,845,000 |  |

| Net book value

| At 31 December 2024 | 4,845,000 |  |

| At 31 December 2023 | 5,556,759 |  |

| Cost or valuation at 31 December 2024 is represented by:

Listed |

investments |

| £

| Valuation in 2024 | 4,845,000 |  |

6. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Other debtors | - |  | 35,428 |  |

| Icon Two Limited (Registered number: 04743938) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

7. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade creditors | 480 |  | - |  |

| Taxation and social security | 135,255 |  | 118,984 |  |

| Other creditors | 3,642,807 |  | 3,628,798 |  |

3,778,542 |  | 3,747,782 |  |

8. | Called up share capital

| Allotted, issued and fully paid: |  |

|  | 2024 |  |  | 2023 |

| Number: |  | Class: |  |  | Nominal Value: |  | £ |  |  | £ |

| 530 |  | Ordinary |  |  | £1 |  | 530 |  |  | 530 |

| 325 |  | Ordinary A |  |  | £1 |  | 325 |  |  | 325 |

| 325 |  | Ordinary B |  |  | £1 |  | 325 |  |  | 325 |

| 45 |  | Ordinary C |  |  | £1 |  | 45 |  |  | 45 |

| 45 |  | Ordinary D |  |  | £1 |  | 45 |  |  | 45 |

| 2 |  | Ordinary E |  |  | £1 |  | 2 |  |  | 2 |

|  | 1,272 |  |  | 1,272 |

9. | Reserves

Retained | Share |

earnings | premium | Totals |

| £ | £ | £

| At 1 January 2024 | 7,514,048 |  | 599,910 |  | 8,113,958 |  |

| Deficit for the year | (99,731 | ) | (99,731 | ) |

| Dividends | (267,560 | ) | (267,560 | ) |

| At 31 December 2024 | 7,146,757 |  | 599,910 |  | 7,746,667 |  |

10. | Related party disclosures

| Included within other creditors, at the balance sheet date, are amounts owed to directors of £3,538,843 (2023: £3,538,843).