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Company Registration Number: 14348689
 
 
IKONIC ESTATES LTD
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2025
IKONIC ESTATES LTD
DIRECTORS AND OTHER INFORMATION

 
Directors Mr Stephen Chant
Mr Peter Hargreaves
 
 
Company Registration Number 14348689
 
 
Registered Office 31 St Pauls Road
Clifton
bristol
Bristol
BS8 1LX
United Kingdom
 
 
Business Address 31 St Pauls Road
Clifton
Bristol
Bristol
BS8 1LX
United Kingdom
 
 
Accountants Invest Accountancy Ltd
29 Station Road
Nailsea
North Somerset
BS48 4PD
GB



IKONIC ESTATES LTD
DIRECTORS' REPORT
for the financial year ended 30 September 2025

 
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2025.
     
Directors
The directors who served during the financial year are as follows:
     
Mr Stephen Chant
Mr Peter Hargreaves
   
There were no changes in shareholdings between 30 September 2025 and the date of signing the financial statements.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

▪ select suitable accounting policies and apply them consistently;
▪ make judgements and accounting estimates that are reasonable and prudent;
▪ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Mr Stephen Chant
Director
     
     
___________________________
Mr Peter Hargreaves
Director
     
21 September 2026



IKONIC ESTATES LTD

ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of IKONIC ESTATES LTD
for the financial year ended 30 September 2025
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2025 as set out on pages  to  which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of IKONIC ESTATES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the year ended 30 September 2025 your duty to ensure that IKONIC ESTATES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of IKONIC ESTATES LTD. You consider that IKONIC ESTATES LTD is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of IKONIC ESTATES LTD. For this reason, we have not verified the adequacy, 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 financial statements.
 
 
 
__________________________________
INVEST ACCOUNTANCY LTD
29 Station Road
Nailsea
North Somerset
BS48 4PD
GB
 
21 September 2026



IKONIC ESTATES LTD
PROFIT AND LOSS ACCOUNT
for the financial year ended 30 September 2025
2025 2024
Notes £ £

 
Administrative expenses (33,205) -
Other operating income 11,611 -
───────── ─────────
Operating (loss)/profit (21,594) -
 
Interest receivable and similar income 122 -
Interest payable and similar expenses (35,458) -
───────── ─────────
(Loss)/profit before taxation (56,930) -
 
Tax on (loss)/profit 10,817 -
───────── ─────────
(Loss)/profit for the financial year (46,113) -
───────── ─────────
Total comprehensive income (46,113) -
    ═════════   ═════════



IKONIC ESTATES LTD
Company Registration Number: 14348689
BALANCE SHEET
as at 30 September 2025

2025 2024
Notes £ £
 
Fixed Assets
Investment properties 5 3,177,935 -
───────── ─────────
 
Current Assets
Debtors 6 10,817 -
Cash and cash equivalents 9,241 100
───────── ─────────
20,058 100
───────── ─────────
Creditors: amounts falling due within one year 7 (2,944,006) -
───────── ─────────
Net Current (Liabilities)/Assets (2,923,948) 100
───────── ─────────
Total Assets less Current Liabilities 253,987 100
 
Creditors:
amounts falling due after more than one year 8 (300,000) -
───────── ─────────
Net (Liabilities)/Assets (46,013) 100
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings (46,113) -
───────── ─────────
Equity attributable to owners of the company (46,013) 100
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 21 September 2026 and signed on its behalf by
           
           
________________________________          
Mr Stephen Chant          
Director          
           
           
________________________________
Mr Peter Hargreaves
Director
           



IKONIC ESTATES LTD
STATEMENT OF CHANGES IN EQUITY
as at 30 September 2025

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 October 2023 - - -
───────── ───────── ─────────
At 30 September 2024 100 - 100
  ───────── ───────── ─────────
Loss for the financial year - (46,113) (46,113)
  ───────── ───────── ─────────
At 30 September 2025 100 (46,113) (46,013)
  ═════════ ═════════ ═════════



IKONIC ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025

   
1. General Information
 
IKONIC ESTATES LTD is a company limited by shares incorporated and registered in England. The registered number of the company is 14348689. The registered office of the company is 31 St Pauls Road, Clifton, bristol, Bristol, BS8 1LX, United Kingdom. Property letting and development The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 

The financial statements have been prepared on a going concern basis.

The company is dependent upon the continued financial support of its parent undertaking, Ikonic Holdings Ltd. The parent undertaking has confirmed its intention to continue to provide financial support to the company and not to seek repayment of amounts owed where such repayment would prejudice the company's ability to meet its liabilities as they fall due.

Having considered the company's financial position, anticipated cash flows and the continued support of its parent undertaking, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).
     
5. Investment Properties
  Investment
  properties
 
  £
Cost
At 1 October 2024 -
Additions 3,177,935
  ─────────
At 30 September 2025 3,177,935
  ─────────
Net book value
At 30 September 2025 3,177,935
  ═════════
       
6. Debtors 2025 2024
  £ £
 
Deferred tax asset 10,817 -
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
Other loans 61,249 -
Trade creditors 14,161 -
Amounts owed to related parties (Note 10) 2,861,253 -
Accruals 7,343 -
  ───────── ─────────
  2,944,006 -
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Other loans 300,000 -
  ═════════ ═════════
 
 
Amounts contractually payable within twelve months of the reporting date have been included within creditors falling due within one year, with the remaining balance included within creditors falling due after more than one year. The terms of this arrangement are reviewed and renegotiated periodically.
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2025.
           
10. Related party transactions
 
Transactions with group companies include ...
 
      2025 2024
      £ £
 
Finance amounts owed to related parties     2,861,253 -
      ═════════ ═════════
 
At 30 September 2025, the company owed £2,861,253 to its immediate parent undertaking, Ikonic Holdings Ltd. The amount is unsecured, interest free and has no fixed repayment date.
   
11. Parent company
 
The company regards Ikonic Holdings Ltd as its parent company.
 
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.



IKONIC ESTATES LTD

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 30 September 2025
 
 
 
2025 2024
Schedule £ £
 
Overhead expenses 1 (68,663) -
───────── ─────────
(68,663) -
 
Miscellaneous income 2 11,733 -
───────── ─────────
Net (loss)/profit (56,930) -
═════════ ═════════



IKONIC ESTATES LTD

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1 : OVERHEAD EXPENSES
for the financial year ended 30 September 2025
 
 
 
2025 2024
£ £
       
Administration Expenses
Light and heat 1,457 -
Computer & software costs 46 -
Legal and professional 3,521 -
Accountancy Fees 1,250 -
Bank charges 7 -
Finance costs 26,925 -
General expenses (1) -
  ─────────   ─────────
  33,205   -
  ─────────   ─────────
       
Finance
Bank interest paid 35,458 -
  ─────────   ─────────
       
Total Overheads 68,663   -
  ═════════   ═════════



IKONIC ESTATES LTD

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 2 : MISCELLANEOUS INCOME
for the financial year ended 30 September 2025
 
 
 
2025 2024
£ £
Miscellaneous Income
Rent receivable 11,611 -
Other Interest 122 -
───────── ─────────
11,733 -
═════════ ═════════