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REGISTERED NUMBER: OC399263
ICOP2 LLP
Unaudited Abridged Financial Statements
30 September 2025
ICOP2 LLP
Abridged Financial Statements
Year Ended 30 September 2025
Contents
Pages
Accountants report to the members on the preparation of the unaudited statutory abridged financial statements
1
Abridged statement of income and retained earnings
2
Abridged statement of financial position
3 to 4
Reconciliation of members' interests
5 to 6
Notes to the abridged financial statements
7 to 8
ICOP2 LLP
Accountants Report to the Members on the Preparation of the Unaudited Statutory Abridged Financial Statements of ICOP2 LLP
Year Ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the abridged financial statements of ICOP2 LLP for the year ended 30 September 2025, which comprise the abridged statement of comprehensive income, abridged statement of financial position, reconciliation of members' interests and the related notes from the LLP's accounting records and from information and explanations you have given us. This report is made solely to the members of ICOP2 LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the abridged financial statements of ICOP2 LLP and state those matters that we have agreed to state to you, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ICOP2 LLP and its members, as a body, for our work or for this report. It is your duty to ensure that ICOP2 LLP has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ICOP2 LLP. You consider that ICOP2 LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of ICOP2 LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
SMH MITCHELLS Accountants
91-97 Saltergate Chesterfield Derbyshire S40 1LA
26 June 2026
ICOP2 LLP
Abridged Statement of Income and Retained Earnings
Year Ended 30 September 2025
2025
2024
Note
£
£
Gross Profit
–
–
Other interest receivable and similar income
913
8,060
Interest payable and similar expenses
913
8,060
----
----
Result for the financial year before members' remuneration and profit shares available for discretionary division among members
–
–
----
----
All the activities of the LLP are from continuing operations.
ICOP2 LLP
Abridged Statement of Financial Position
30 September 2025
2025
2024
Note
£
£
£
Current Assets
Debtors
–
55,559
----
--------
Net Current Assets
–
55,559
----
--------
Total Assets Less Current Liabilities
–
55,559
Creditors: amounts falling due after more than one year
–
55,559
----
--------
Net Liabilities
–
–
----
--------
Represented by:
Loans and Other Debts due to Members
Other amounts
–
–
----
----
Members' Other Interests
Other reserves
–
–
----
----
–
–
----
----
Total Members' Interests
Loans and other debts due to members
–
–
Members' other interests
–
–
----
----
–
–
----
----
These abridged financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
ICOP2 LLP
Abridged Statement of Financial Position (continued)
30 September 2025
These abridged financial statements were approved by the members and authorised for issue on 26 February 2026 , and are signed on their behalf by:
Mr R P Constable
Designated Member
Registered number: OC399263
ICOP2 LLP
Reconciliation of Members' Interests
Year Ended 30 September 2025
Members' other interests
Total members' interests
Other reserves
Total
Total 2025
£
£
£
Balance at 1 October 2024
–
–
–
Profit for the financial year available for discretionary division among members
–
–
–
----
----
----
Members' interests after profit for the year
–
–
–
ICOP2 LLP
Reconciliation of Members' Interests (continued)
Year Ended 30 September 2025
Members' other interests
Total members' interests
Other reserves
Total
Total 2024
£
£
£
Balance at 1 October 2023
–
–
–
Profit for the financial year available for discretionary division among members
–
–
–
----
----
----
Balance at 30 September 2024
–
–
–
----
----
----
ICOP2 LLP
Notes to the Abridged Financial Statements
Year Ended 30 September 2025
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The LLP is dormant following the sale of assets and liabilities on 1 October 2020.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
4.
Employee numbers
The average number of persons employed by the LLP during the period, including the members with contracts of employment, amounted to nil (2024: nil)