Company registration number 09851781 (England and Wales)
ICKBURGH DEVELOPMENTS COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
ICKBURGH DEVELOPMENTS COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ICKBURGH DEVELOPMENTS COMPANY LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2022
Notes
£
£
£
£
Current assets
Fixed assets held for sale
-
0
5,000
Debtors - other
3
582,963
570,782
Cash at bank and in hand
410
55,202
583,373
630,984
Creditors: amounts falling due within one year
4
(743,044)
(709,215)
Net current liabilities
(159,671)
(78,231)
Creditors: amounts falling due after more than one year
5
(34,469)
(34,923)
Net liabilities
(194,140)
(113,154)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(194,141)
(113,155)
Total equity
(194,140)
(113,154)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 2 April 2026
Mr J W Gay
Director
Company Registration No. 09851781
ICKBURGH DEVELOPMENTS COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Ickburgh Developments Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Greenwood House, Greenwood Court, Skyliner Way, Bury St Edmunds, Suffolk, IP32 7GY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The Company is reliant on the continued support of its Holding Company giving financial assistance to the Company, amounting to £685,934 (202 2 - £662,137) at the balance sheet date. The directors have given representation to the board that the support to the Company will continue by the Holding Company and they will no demand the repayments of these loans until surplus funds become available.

The Company is also reliant on the support provided from the bounce back loan from its bank.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ICKBURGH DEVELOPMENTS COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2022
Number
Number
Total
1
1
3
Debtors
2024
2022
Amounts falling due within one year:
£
£
Unpaid share capital
1
1
Amounts owed by group undertakings
582,962
570,781
582,963
570,782
ICKBURGH DEVELOPMENTS COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
2022
£
£
Bank loans
6
3,419
7,373
Trade creditors
2,053
-
0
Amounts owed to group undertakings
735,015
699,086
Taxation and social security
-
0
121
Other creditors
360
360
Accruals and deferred income
2,197
2,275
743,044
709,215
5
Creditors: amounts falling due after more than one year
2024
2022
£
£
Bank loans and overdrafts
34,469
34,923
Creditors which fall due after five years are payable as follows:
Payable by instalments
12,978
16,118
6
Loans and overdrafts
2024
2022
£
£
Bank loans
37,888
42,296
Payable within one year
3,419
7,373
Payable after one year
34,469
34,923

All borrowing costs are recognised in profit or loss in the year in which they incurred.

7
Related party transactions

Included in creditors is a loan of £662,137 (2022 - £662,137) due to the company's parent, MN 888 Limited. The loan is repayable on demand and interest is charged at 7% + base rate per annum on the principal advanced.

8
Parent company

The ultimate parent company is MN 888 Limited, a company registered in the Isle of Man.

Subsequent to the balance sheet date, the Company was acquired by Charterhouse Macmillan Group Inc, a

company registered in the Seychelles.

2024-05-31 2022-12-01 false false false 02 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J W Gay 09851781 2022-12-01 2024-05-31 09851781 2024-05-31 09851781 2022-11-30 09851781 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09851781 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 09851781 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 09851781 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 09851781 core:CurrentFinancialInstruments 2024-05-31 09851781 core:CurrentFinancialInstruments 2022-11-30 09851781 core:ShareCapital 2024-05-31 09851781 core:ShareCapital 2022-11-30 09851781 core:RetainedEarningsAccumulatedLosses 2024-05-31 09851781 core:RetainedEarningsAccumulatedLosses 2022-11-30 09851781 bus:Director1 2022-12-01 2024-05-31 09851781 2021-12-01 2022-11-30 09851781 core:Non-currentFinancialInstruments 2024-05-31 09851781 core:Non-currentFinancialInstruments 2022-11-30 09851781 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-05-31 09851781 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-05-31 09851781 bus:FRS102 2022-12-01 2024-05-31 09851781 bus:AuditExempt-NoAccountantsReport 2022-12-01 2024-05-31 09851781 bus:FullAccounts 2022-12-01 2024-05-31 xbrli:pure xbrli:shares iso4217:GBP