Silverfin false false 31/12/2025 01/01/2025 31/12/2025 A J Crafford 18/04/2025 13/10/2009 E C Knapp 18/10/2025 13/10/2009 G Knapp 06/02/2009 J C Palmer 06/02/2009 31 March 2026 The principal activity of the company during the financial year was advertising agencies. 06811674 2025-12-31 06811674 bus:Director1 2025-12-31 06811674 bus:Director2 2025-12-31 06811674 bus:Director3 2025-12-31 06811674 bus:Director4 2025-12-31 06811674 2024-12-31 06811674 core:CurrentFinancialInstruments 2025-12-31 06811674 core:CurrentFinancialInstruments 2024-12-31 06811674 core:ShareCapital 2025-12-31 06811674 core:ShareCapital 2024-12-31 06811674 core:CapitalRedemptionReserve 2025-12-31 06811674 core:CapitalRedemptionReserve 2024-12-31 06811674 core:RetainedEarningsAccumulatedLosses 2025-12-31 06811674 core:RetainedEarningsAccumulatedLosses 2024-12-31 06811674 core:LeaseholdImprovements 2024-12-31 06811674 core:FurnitureFittings 2024-12-31 06811674 core:OfficeEquipment 2024-12-31 06811674 core:LeaseholdImprovements 2025-12-31 06811674 core:FurnitureFittings 2025-12-31 06811674 core:OfficeEquipment 2025-12-31 06811674 bus:OrdinaryShareClass1 2025-12-31 06811674 bus:OrdinaryShareClass2 2025-12-31 06811674 2025-01-01 2025-12-31 06811674 bus:FilletedAccounts 2025-01-01 2025-12-31 06811674 bus:SmallEntities 2025-01-01 2025-12-31 06811674 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 06811674 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06811674 bus:Director1 2025-01-01 2025-12-31 06811674 bus:Director2 2025-01-01 2025-12-31 06811674 bus:Director3 2025-01-01 2025-12-31 06811674 bus:Director4 2025-01-01 2025-12-31 06811674 core:LeaseholdImprovements core:TopRangeValue 2025-01-01 2025-12-31 06811674 core:FurnitureFittings core:TopRangeValue 2025-01-01 2025-12-31 06811674 core:OfficeEquipment core:TopRangeValue 2025-01-01 2025-12-31 06811674 2024-01-01 2024-12-31 06811674 core:LeaseholdImprovements 2025-01-01 2025-12-31 06811674 core:FurnitureFittings 2025-01-01 2025-12-31 06811674 core:OfficeEquipment 2025-01-01 2025-12-31 06811674 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 06811674 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06811674 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 06811674 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06811674 (England and Wales)

# ICE (LONDON) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

ICE (LONDON) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

ICE (LONDON) LIMITED

## BALANCE SHEET

As at 31 December 2025
ICE (LONDON) LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 10,635 |  | 7,981
|  | 10,635 |  | 7,981
Current assets |  |  |  |
Stocks |  | 46,952 |  | 52,078
Debtors | 4 | 423,400 |  | 435,656
Cash at bank and in hand |  | 274,898 |  | 94,514
|  | 745,250 |  | 582,248
Creditors: amounts falling due within one year | 5 | ( 866,914) |  | ( 761,035)
Net current liabilities |  | (121,664) |  | (178,787)
Total assets less current liabilities |  | (111,029) |  | (170,806)
Provision for liabilities |  | ( 2,171) |  | ( 1,660)
Net liabilities |  | ( 113,200) |  | ( 172,466)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 150 |  | 150
Capital redemption reserve |  | 50 |  | 50
Profit and loss account |  | ( 113,400 ) |  | ( 172,666 )
Total shareholders' deficit |  | ( 113,200) |  | ( 172,466)

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ICE (LONDON) LIMITED (registered number: 06811674) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

G Knapp Director |

ICE (LONDON) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
ICE (LONDON) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

ICE (LONDON) LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is No 8 High Street, Windsor, SL4 1LD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

After reviewing the company's forecasts and projections for the next 12 months, 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 in preparing its financial statements.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leasehold improvements | 10 years straight line
Fixtures and fittings | 4 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

##### Leases

The Company as lessee
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

##### Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

##### Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.
Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

##### Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. Included in the balance sheet is a £55,000 provision provided against future dilapidations of a rental premise.

##### Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 12 |  | 12

#### 3. Tangible assets

| Leasehold improve- ments |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 77,765 |  | 32,175 |  | 138,245 |  | 248,185
Additions | 0 |  | 0 |  | 6,313 |  | 6,313
At 31 December 2025 | 77,765 |  | 32,175 |  | 144,558 |  | 254,498
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 76,426 |  | 31,922 |  | 131,856 |  | 240,204
Charge for the financial year | 1,072 |  | 80 |  | 2,507 |  | 3,659
At 31 December 2025 | 77,498 |  | 32,002 |  | 134,363 |  | 243,863
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 267 |  | 173 |  | 10,195 |  | 10,635
At 31 December 2024 | 1,339 |  | 253 |  | 6,389 |  | 7,981

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 382,292 |  | 394,730
Other debtors | 41,108 |  | 40,926
| 423,400 |  | 435,656

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 305,170 |  | 332,679
Trade creditors | 217,306 |  | 197,607
Taxation and social security | 142,108 |  | 112,124
Other creditors | 202,330 |  | 118,625
| 866,914 |  | 761,035

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4 Ordinary A shares of £ 1.00 each | 4 |  | 4
146 Ordinary B shares of £ 1.00 each | 146 |  | 146
| 150 |  | 150

#### 7. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet at the 31 December 2025 is £104,167 (2024 - £154,167) in relation to the outstanding rental lease.

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 37,924 |  | 3,507

The loans to the directors are unsecured, interest free and repayable on demand.