REGISTERED NUMBER: 04943853 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ICARUS WALES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Jones

Mrs P M Griffiths

SECRETARY:

The William Marshall Partnership Limited

REGISTERED OFFICE:

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

REGISTERED NUMBER:

04943853 (England and Wales)

ACCOUNTANTS:

William Marshall & Co

Financial Accountants

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

FIXED ASSETS

Tangible assets

4

24,560

26,520

CURRENT ASSETS

Debtors

5

1,208

4,440

Cash at bank

2,366

1,751

3,574

6,191

CREDITORS

Amounts falling due within one year

6

16,889

13,151

NET CURRENT LIABILITIES

(13,315

)

(6,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,245

19,560

CREDITORS

Amounts falling due after more than one year

7

-

5,136

NET ASSETS

11,245

14,424

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

11,243

14,422

SHAREHOLDERS' FUNDS

11,245

14,424

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 directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

M P Jones - Director

Mrs P M Griffiths - Director

1.	STATUTORY INFORMATION

Icarus Wales (UK) 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 income from properties managed on behalf of owners.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Office equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Equipment

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

16,936

42,438

2,914

DEPRECIATION

At 1 April 2024

-

32,953

2,875

Charge for year

-

1,935

10

At 31 March 2025

-

34,888

2,885

NET BOOK VALUE

At 31 March 2025

16,936

7,550

29

At 31 March 2024

16,936

9,485

39

Computer

Office

equipment

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

5,125

2,357

69,770

DEPRECIATION

At 1 April 2024

5,125

2,297

43,250

Charge for year

-

15

1,960

At 31 March 2025

5,125

2,312

45,210

NET BOOK VALUE

At 31 March 2025

-

45

24,560

At 31 March 2024

-

60

26,520

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bond held by agent

-

3,350

Woodhouse Barn Ltd

-

(28

)

Prepayments

1,208

1,118

1,208

4,440

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

5,136

4,283

Deposits prepaid

-

4,800

Corporation tax

1,064

-

Other creditors

2,466

2,179

Directors' current accounts

8,223

1,889

16,889

13,151

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

-

5,136

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

5,136

4,283

Amounts falling due between one and two years:

Other loans - 1-2 years

-

5,136

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1.00

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2024

14,422

Profit for the year

2,821

Dividends

(6,000

)

At 31 March 2025

11,243

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies under licence property that is personally owned by the directors.