REGISTERED NUMBER: 03542128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Iceni Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L G Duke

SECRETARY:

Mrs J Duke

REGISTERED OFFICE:

Abbey Farm

Duxford Road

Ickleton

Cambs

CB10 1SX

REGISTERED NUMBER:

03542128 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

10,359

12,949

Investment property

5

2,000,000

2,612,936

2,010,359

2,625,885

CURRENT ASSETS

Debtors

64,813

70,720

Cash at bank

27,792

282

92,605

71,002

CREDITORS

Amounts falling due within one year

93,688

63,583

NET CURRENT (LIABILITIES)/ASSETS

(1,083

)

7,419

TOTAL ASSETS LESS CURRENT LIABILITIES

2,009,276

2,633,304

CREDITORS

Amounts falling due after more than one year

(1,578,889

)

(1,699,894

)

PROVISIONS FOR LIABILITIES

6

(113,931

)

(111,459

)

NET ASSETS

316,456

821,951

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

316,356

821,851

SHAREHOLDERS' FUNDS

316,456

821,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2025 and were signed by:

Mr L G Duke - Director

1.	STATUTORY INFORMATION

Iceni Properties 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.

Turnover

Turnover represents net invoiced rental income, 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.

Freehold property

Nil depreciation

Plant and machinery

20% on reducing balance

Fixtures and fittings

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

161,083

DEPRECIATION

At 1 April 2024

148,134

Charge for year

2,590

At 31 March 2025

150,724

NET BOOK VALUE

At 31 March 2025

10,359

At 31 March 2024

12,949

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,612,936

Impairments

(612,936

)

At 31 March 2025

2,000,000

NET BOOK VALUE

At 31 March 2025

2,000,000

At 31 March 2024

2,612,936

Impairment in the period has been accounted to consider the adjustment of the property value in lieu of the most recently available professional valuation.

6.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

113,931

111,459

Deferred

tax

£

Balance at 1 April 2024

111,459

Provided during year

2,472

Balance at 31 March 2025

113,931

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1.00

100

100