IRIS Accounts Production v25.4.0.155 11023347 Board of Directors Board of Directors 1.11.24 31.10.25 31.10.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11023347 2024-10-31 11023347 2025-10-31 11023347 2024-11-01 2025-10-31 11023347 2023-10-31 11023347 2023-11-01 2024-10-31 11023347 2024-10-31 11023347 ns15:EnglandWales 2024-11-01 2025-10-31 11023347 ns14:PoundSterling 2024-11-01 2025-10-31 11023347 ns10:Director1 2024-11-01 2025-10-31 11023347 ns10:Director2 2024-11-01 2025-10-31 11023347 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11023347 ns10:SmallEntities 2024-11-01 2025-10-31 11023347 ns10:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 11023347 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 11023347 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11023347 ns10:FullAccounts 2024-11-01 2025-10-31 11023347 ns10:RegisteredOffice 2024-11-01 2025-10-31 11023347 ns5:CurrentFinancialInstruments 2025-10-31 11023347 ns5:CurrentFinancialInstruments 2024-10-31 11023347 ns5:Non-currentFinancialInstruments 2025-10-31 11023347 ns5:Non-currentFinancialInstruments 2024-10-31 11023347 ns5:ShareCapital 2025-10-31 11023347 ns5:ShareCapital 2024-10-31 11023347 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-10-31 11023347 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 11023347 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 11023347 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 11023347 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 11023347 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 11023347 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-10-31 11023347 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-10-31 11023347 ns5:Secured 2025-10-31 11023347 ns5:Secured 2024-10-31

REGISTERED NUMBER: 11023347 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

| FOR |

| IKOS ASSETS LIMITED |

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| IKOS ASSETS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | Mrs A Tomadakis

| Mr N Tomadakis

| REGISTERED OFFICE: | 122 Edgwarebury Lane

| Edgware

| HA8 8NB

| REGISTERED NUMBER: | 11023347 (England and Wales)

| ACCOUNTANTS: | EA

| Chartered Accountants

| 869 High Road

| London

| N12 8QA

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

STATEMENT OF FINANCIAL POSITION

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 430,000 |  | 450,000 |  |

CURRENT ASSETS

Debtors | 5 | 179 |  | 170 |  |

Cash at bank | 2,544 |  | 4,361 |  |

2,723 |  | 4,531 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,971 |  | 5,408 |  |

NET CURRENT LIABILITIES | (1,248 | ) | (877 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 428,752 |  | 449,123 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (398,837 | ) | (395,825 | ) |

PROVISIONS FOR LIABILITIES | (12,000 | ) | (17,000 | ) |

NET ASSETS | 17,915 |  | 36,298 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Non-distributable reserves | 29,772 |  | 44,772 |  |

Retained earnings | (11,858 | ) | (8,475 | ) |

17,915 |  | 36,298 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

STATEMENT OF FINANCIAL POSITION - continued

31 OCTOBER 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2026 and were signed on its behalf by:

Mr N Tomadakis - Director

Mrs A Tomadakis - Director

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Ikos Assets 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of rent receivable.

| Investment property

| Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profits for the financial year would have been decreased by the amount of depreciation.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 450,000 |  |

| Revaluations | (20,000 | ) |

| At 31 October 2025 | 430,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 430,000 |  |

| At 31 October 2024 | 450,000 |  |

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | INVESTMENT PROPERTY - continued

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2019 | 16,000 |  |

| Valuation in 2022 | 7,072 |  |

| Valuation in 2023 | 35,000 |  |

| Valuation in 2024 | 3,700 |  |

| Valuation in 2025 | (20,000 | ) |

| Cost | 388,228 |  |

430,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 388,228 |  | 388,228 |  |

| Investment property was valued on a fair value basis on 31 October 2025 by the directors .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 179 |  | 170 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 1,817 |  |

| Other creditors | 3,971 |  | 3,591 |  |

3,971 |  | 5,408 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 299,495 |  | 297,483 |  |

| Other creditors | 99,342 |  | 98,342 |  |

398,837 |  | 395,825 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more than 5 years | 299,495 |  | 297,483 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 299,495 |  | 297,483 |  |

| The bank loan is secured by way of a legal charge over the investment property owned by the company.

| IKOS ASSETS LIMITED (REGISTERED NUMBER: 11023347) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

9. | RELATED PARTY DISCLOSURES

| Included within creditor amounts falling due within one year, is an interest free amount of £1,121 (2024: £809) owed by N Tomadakis, the director of the company.

| Included within creditors, amounts falling due after one year, is an interest free amount of £99,342 (2024: £98,342) due to A Tomadakis, the directors of the company.