ACCOUNTS - Final Accounts

Registered number: 11596472

iCOM Reward Works Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

iCOM Reward Works Ltd

Registered number: 11596472

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		1,143		1,143
Current assets
Cash at bank and in hand		25		25
		25		25
Creditors: amounts falling due within one year	5	(25)		(25)
Net current assets			-		-

Net assets			1,143		1,143

Capital and reserves
Called up share capital	4,000,000	4,000,000
Profit and loss account	(3,998,857)	(3,998,857)
	1,143	1,143

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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:

J Milenbaugh

Director

Date: 30 September 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

iCOM Reward Works Ltd

Notes to the Financial Statements

For the year ended 31 December 2024

1.	General information

iCOM Reward Works Ltd is a private company limited by shares and incorporated in England. The address of the registered office and principal place of business is 8 Ash Tree Court, Woodsy Close, Cardiff Gate Business Park, Cardiff, CF23 8RW. The company's registered number is 11596472.

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.

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 2

iCOM Reward Works Ltd

Notes to the Financial Statements

For the year ended 31 December 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	4,000,000
	At 31 December 2024	4,000,000
	Impairment
	At 1 January 2024	3,998,857
	At 31 December 2024	3,998,857
	Net book value
	At 31 December 2024	1,143
	At 31 December 2023	1,143

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

	Trade creditors	25	25

6.	Controlling party

Terryberry Limited is the immediate parent of the company. Terryberry Limited has company number 07770608 and its registered office is 15 Beech Lane, Macclesfield, Cheshire, SK10 2DR.
Terryberry Limited is a wholly owned subsidiary of Terryberry Company LLC based in the USA.
There is no ultimate controlling party.

Page 3