ICH_Properties_Ltd_31_Dec_2025_companies_house_set_of

ICH Properties Ltd

Statement of Financial Position

31 December 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	1,507,290		1,309,748
Current assets
Debtors	6	46,851		42,003
Cash at bank and in hand		5,635		12,790
		52,486		54,793
Creditors: amounts falling due within one year	7	(16,905	)	(36,442	)
Net current assets		35,581		18,351
Total assets less current liabilities		1,542,871		1,328,099
Creditors: amounts falling due after more than one year	8	(1,626,185	)	(1,386,030	)
Net liabilities		(83,314	)	(57,931	)
Capital and reserves
Called up share capital		400		400
Profit and loss account		(83,714	)	(58,331	)
Shareholders deficit		(83,314	)	(57,931	)

For the 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 year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

24 August 2026

, and are signed on behalf of the board by:

Mr J Plassard

Director

Company registration number:

11471438

ICH Properties Ltd

Notes to the Financial Statements

Year ended

31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Great Oaks

Lubbock Road

Chislehurst

Kent

BR7 5LA

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

At 31 December 2025 the company had excess liabilities over assets totalling £83,314. The company is dependent upon the continued financial support of the director and on the basis that this support is forthcoming, the director considers it appropriate for the financial statements to be prepared on the going concern basis

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

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

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 January 2025	1,309,748	-	1,309,748
Additions	192,545	5,663	198,208
At 31 December 2025	1,502,293	5,663	1,507,956
Depreciation
At 1 January 2025	-	-	-
Charge	-	666	666
At 31 December 2025	-	666	666
Carrying amount
At 31 December 2025	1,502,293	4,997	1,507,290
At 31 December 2024	1,309,748	-	1,309,748

In the opinion of the Directors, the historical cost of the properties shown in the accounts is not materially different from the current market value of the properties.

The directors have valued the property at the reporting date and consider the value to be unchanged to that of its purchase cost.

6 Debtors

	2025	2024
	£	£
Trade debtors	-	1,132
Amounts owed by group undertakings and undertakings in which the company has a participating interest	46,851	40,871
	46,851	42,003

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,680	26,842
Other creditors	12,225	9,600
	16,905	36,442

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	1,626,185		1,386,030

9 Related party transactions

Included in other creditors is £167,500 (2024 - £119,500) which is owed to Mr J Le Bars, a director and a shareholder of the company. Also included in other creditors is £1,458,684 (2024 - £1,266,530) which is owed to Great Oaks Investments (UK) Limited, a shareholder of the company.