Company Registration No. 14699116 (England and Wales)
Icon Mortgage Associates Ltd
Unaudited accounts
for the year ended 31 March 2025
Icon Mortgage Associates Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
59,241
30,118
Creditors: amounts falling due within one year
(34,353)
(29,035)
Net current assets
31,884
3,023
Called up share capital
1
1
Capital contribution reserve
100
100
Profit and loss account
31,783
2,922
Shareholders' funds
31,884
3,023
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2025 and were signed on its behalf by
AJEESH THOMAS
Director
Company Registration No. 14699116
Icon Mortgage Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
Icon Mortgage Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 14699116. The registered office is Room 1 Ebenezer House, 2-10 St.Johns Street, Bedford, MK42 0DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Amounts falling due within one year
Accrued income and prepayments
1,940
1,940
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
25,527
3,153
Proposed dividends
-
10,000
Other creditors
889
11,882
Loans from directors
-
4,000
Icon Mortgage Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,800
5,800
Later than one year and not later than five years
-
5,800
7
Average number of employees
During the year the average number of employees was 4 (2024: 1).