REGISTERED NUMBER: 14623083 (England and Wales)

ICALABA PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Robinson

Mrs J L Robinson

REGISTERED OFFICE:

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

REGISTERED NUMBER:

14623083 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

375

-

Investment property

5

414,599

-

414,974

-

CURRENT ASSETS

Cash at bank

8,796

88

CREDITORS

Amounts falling due within one year

6

(481,709

)

(1,218

)

NET CURRENT LIABILITIES

(472,913

)

(1,130

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,939

)

(1,130

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(57,941

)

(1,132

)

(57,939

)

(1,130

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

L Robinson - Director

1.	STATUTORY INFORMATION

Icalaba Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors have indicated their willingness to support the company, hence the directors continue to adopt the going concern basis.

Turnover

Turnover is derived from rental income which is recognised on an accrual basis.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current 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 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

559

At 31 January 2026

559

DEPRECIATION

Charge for year

184

At 31 January 2026

184

NET BOOK VALUE

At 31 January 2026

375

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

414,599

At 31 January 2026

414,599

NET BOOK VALUE

At 31 January 2026

414,599

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

414,599

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

2026

2025

£

£

Cost

414,599

-

Investment property was valued on an open market basis on 31 January 2026 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

215,348

-

Other creditors

266,361

1,218

481,709

1,218

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

215,348

-

Bank loans comprise a bridging loan which is secured against the properties to which they relate.

8.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £266,025 (2025: £498) were outstanding at the year end, the amounts are repayable on demand.