REGISTERED NUMBER: 11571064 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ICON MANCHESTER DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D P Gallagher

SECRETARY:

J Craig

REGISTERED OFFICE:

26-28 Ludgate Hill

Birmingham

B3 1DX

REGISTERED NUMBER:

11571064 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

CURRENT ASSETS

Debtors

4

3,190

6,334

Cash at bank

6,660

11,960

9,850

18,294

CREDITORS

Amounts falling due within one year

5

23,845

13,480

NET CURRENT (LIABILITIES)/ASSETS

(13,995

)

4,814

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,995

)

4,814

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(14,995

)

3,814

SHAREHOLDERS' FUNDS

(13,995

)

4,814

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 director and authorised for issue on 29 July 2025 and were signed by:

D P Gallagher - Director

1.	STATUTORY INFORMATION

Icon Manchester Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have a reasonable expectation that the company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

The estimates and associated assumptions used in preparation of the financial statements are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and future periods where necessary.

The most significant accounting policies and areas of judgement arise from the accounting for contracts. Contract accounting requires estimates to be made with regards to its costs and income. In the majority of cases these contractual obligations span more than one financial period. The costs and income may be affected by a number of uncertainties which are dependent on the outcome of future events and may need to be revised accordingly as the events unfold.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs to date as a percentage of total estimated costs.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

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 NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,445

1,445

Other debtors

1,745

4,889

3,190

6,334

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1

3,480

Taxation and social security

19,094

-

Other creditors

4,750

10,000

23,845

13,480

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Johns BSc FCA (Senior Statutory Auditor)

for and on behalf of Prime

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Soulplane JV, S.A.R.L registered office 6D Route de Treves, Senningberg, Luxembourg, L-2633.

The ultimate parent company is TPG a company registered in the USA.

The ultimate controlling party is J G Coulter.