ICA 98 LIMITED

Company Registration Number:
03092552 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

ICA 98 LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ICA 98 LIMITED

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The company has responsibility for a Representative Office in Beijing, Local Branch Offices in Kuala Lumpur and Singapore, and an office sharing arrangement in Hong Kong. These offices provide support services to IFoA members and in particular students based in the Asia Pacific region. They also promote the IFoA to employers and potential new students considering a career as an actuary. ICA 98 Limited provides these services to the Institute and Faculty of Actuaries which is the company's principal and only customer.



Directors

The director shown below has held office during the whole of the period from
1 March 2024 to 28 February 2025

David Burch

The director shown below has held office during the period of
1 March 2024 to 8 August 2024

Sarah Sim

The director shown below has held office during the period of
8 August 2024 to 28 February 2025

Peter Walker

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 June 2025

And signed on behalf of the board by:
Name: David Burch
Status: Director

ICA 98 LIMITED

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£
£
Turnover: 726,363 667,933
Cost of sales: ( 646,624 ) ( 579,519 )
Gross profit(or loss): 79,739 88,414
Distribution costs: 0 0
Administrative expenses: ( 79,839 ) ( 88,548 )
Operating profit(or loss): (100) (134)
Interest receivable and similar income: 100 134
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

ICA 98 LIMITED

Balance sheet

As at 28 February 2025

Notes 2025 2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 53,349 17,718
Cash at bank and in hand: 143,174 170,795
Investments:   0 0
Total current assets: 196,523 188,513
Prepayments and accrued income: 9,251 34,737
Creditors: amounts falling due within one year: 4 ( 205,774 ) ( 223,250 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Capital and reserves
Called up share capital: 10 10
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (10 ) (10 )
Total Shareholders' funds: 0 0

The notes form part of these financial statements

ICA 98 LIMITED

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 4 June 2025
and signed on behalf of the board by:

Name: David Burch
Status: Director

The notes form part of these financial statements

ICA 98 LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year.

ICA 98 LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 7 6

ICA 98 LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Debtors

2025 2024
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 53,349 17,718
Total 53,349 17,718
Debtors due after more than one year: 0 0

ICA 98 LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 22,029 10,417
Other creditors 183,745 212,833
Total 205,774 223,250

ICA 98 LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Financial Commitments

ICA 98 has entered financial commitments to provide working space for its staff in Beijing, Kuala Lumpur, Shanghai, Guangzhou, and Singapore. The total converted at the balance sheet date into GBP from the various currencies is £23,196. All are due within 2025-26 and will likely be renewed on a short-term basis as in 2024/25.