LEO ICE VENTURES LIMITED


Directors	Salem, Lucan
	Salem, Tassie


Registered Address	42 Donne Place
	London
	SW3 2NH


Registered Number	13962700 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,090,000		-
			1,090,000		-
Current assets
Debtors	4	100		100
Cash at bank and on hand		21,267		-
		21,367		100
Creditors amounts falling due within one year	5	(577,866)		-
Net current assets (liabilities)			(556,499)		100
Total assets less current liabilities			533,501		100
Creditors amounts falling due after one year	6		(588,693)		-
Net assets			(55,192)		100
Capital and reserves
Called up share capital			100		100
Profit and loss account			(55,292)		-
Shareholders' funds			(55,192)		100

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 December 2025, and are signed on its behalf by:

Salem, Lucan
Director
Registered Company No. 13962700

LEO ICE VENTURES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property


		£
	Additions	1,135,091
	Fair value adjustments	(45,091)
	At 31 March 25	1,090,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	100	100
Total	100	100

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	556,373	-
Accrued liabilities and deferred income	21,493	-
Total	577,866	-

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	588,693	-
Total	588,693	-

7.	Secured creditors
	Bank loans of £588,693 are secured by fixed charge against investment properties held by the company.

8.	Related party transactions
	As at the balance sheet date, included in creditors due within one year is £212,450 (2024: £nil) due to Hari & Friends Limited, £150,000 (2024: £nil) due to Tassie Hairdressers Limited, and £188,923 (2024: £nil) due to Pari Properties Ltd, companies in which the directors have common control. As at the balance sheet date, included in creditors due within one year is £5,000 (2024: £nil), due and payable to the directors. The amount is interest free and repayable on demand.

Related party transactions

As at the balance sheet date, included in creditors due within one year is £212,450 (2024: £nil) due to Hari & Friends Limited, £150,000 (2024: £nil) due to Tassie Hairdressers Limited, and £188,923 (2024: £nil) due to Pari Properties Ltd, companies in which the directors have common control.

As at the balance sheet date, included in creditors due within one year is £5,000 (2024: £nil), due and payable to the directors. The amount is interest free and repayable on demand.

9.	Controlling party
	The company is under the control of L Salem and T Salem, the directors of the company.