ACCOUNTS - Final Accounts

Registered number: 08316117

ITALIAN CIRCUS IP LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

ITALIAN CIRCUS IP LIMITED

REGISTERED NUMBER: 08316117

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		3,124		4,115
Current assets
Debtors	5	1		1
Creditors: amounts falling due within one year	6	(28,228)		(28,228)
Net current liabilities			(28,227)		(28,227)
Net liabilities			(25,103)		(24,112)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(25,104)	(24,113)
	(25,103)	(24,112)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Stirling

Director

Date: 25 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ITALIAN CIRCUS IP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Italian Circus IP Limited is a private company, limited by shares, and incorporated in England and Wales.
The Company's registered number is 08316117 and registered office address is 10 Queen Street Place, London, United Kingdom, EC4R 1AG. The Company's principal place of business is 16 Neal's Yard, London, WC2H 9DP.
The principal activity of the Company is to hold and manage trademarks.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

“The Company is reliant on the Group's cash resources to meet its obligations. Based on the availability of support to date and the conclusion within IVG's group financial statements the directors also continue to adopt the going concern basis in the preparing the Company financial statements.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Trademarks

years

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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ITALIAN CIRCUS IP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023: £nil).

4.	Intangible assets

		Trademarks
		£
	Cost
	At 1 January 2024	18,806
	At 31 December 2024	18,806
	Amortisation
	At 1 January 2024	14,691
	Charge for the year	991
	At 31 December 2024	15,682
	Net book value
	At 31 December 2024	3,124
	At 31 December 2023	4,115

Debtors

					2024	2023
					£	£

	Amounts owed by group undertakings	1	1

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ITALIAN CIRCUS IP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	26,620	26,620
Accruals	1,608	1,608
	28,228	28,228

Amounts owed to group undertakings are unsecured, interest free, and repayable on demand.

7.	Controlling party

The Company's immediate parent undertaking is Inception Ventures Group Limited.
The Company's ultimate controlling party is D&C Group Holdings Ltd.
The smallest group in which the results of the Company are consolidated is that headed by Inception Ventures Group Limited. A full listing of companies within the Group are disclosed within the financial statements of Inception Ventures Group Limited which are available from Companies House.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 25 September 2025 by Jessica Edwards (Senior Statutory Auditor) on behalf of HaysMac LLP.

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