Icon Property Corp Ltd 31/03/2020 iXBRL
Icon Property Corp Ltd 31/03/2020 iXBRL
Company registration number:
3176411
Unaudited filleted financial statements
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Directors and other information
| Directors |
|
|
|
|
||
| Secretary |
|
|
| Company number |
|
|
| Registered office |
|
|
|
|
||
|
|
||
|
|
||
| Accountant |
|
|
| 45 Shortmead Street | ||
| Biggleswade | ||
| Beds | ||
| SG18 0AT | ||
| Bankers |
|
|
| Bank Court | ||
| Marlowes | ||
| Hemel Hempstead | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Icon Property Corp Ltd
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Icon Property Corp Ltd for the year ended 31 March 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Icon Property Corp Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Icon Property Corp Ltd and state those matters that we have agreed to state to the board of directors of Icon Property Corp Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Icon Property Corp Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that Icon Property Corp 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 profit of Icon Property Corp Ltd. You consider that Icon Property Corp Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Icon Property Corp Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
45 Shortmead Street
Biggleswade
Beds
SG18 0AT
31 March 2021
Statement of financial position
31 March 2020
| 2020 | 2019 | ||||||
| £ | £ | £ | £ | ||||
| Fixed assets |
|
|
|||||
| _______ | _______ | ||||||
| Current assets |
|
|
|||||
| Prepayments and accrued income |
|
- | |||||
| _______ | _______ | ||||||
| 583,343 | 523,718 | ||||||
| Creditors: amounts falling due within one year |
(
|
(
|
|||||
| _______ | _______ | ||||||
| Net current assets |
|
|
|||||
| _______ | _______ | ||||||
| Total assets less current liabilities |
|
|
|||||
| Creditors: amounts falling due after more than one year |
(
|
(
|
|||||
| Accruals and deferred income |
(
|
(
|
|||||
| _______ | _______ | ||||||
| Net assets |
|
|
|||||
| _______ | _______ | ||||||
| Capital and reserves |
|
|
|||||
| _______ | _______ | ||||||
Notes to the financial statements
Year ended 31 March 2020
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
2.
Directors advances, credits and guarantees
| During the year the directors entered into the following advances and credits with the company: | ||||
| 2020 | ||||
| Balance brought forward | Amounts repaid | Balance o/standing | ||
| £ | £ | £ | ||
|
|
(
|
|
|
|
| _______ | _______ | _______ | ||
| 2019 | ||||
| Balance brought forward | Amounts repaid | Balance o/standing | ||
| £ | £ | £ | ||
|
|
(
|
|
(
|
|
| _______ | _______ | _______ | ||
The above loans are interest free and no repayment period has been set.
3.
Charges on assets
Included in creditors is £354,246 (due within 1 year £NIL, due after more that 1 year £354,246) in respect of a bank loan. The loan is secured by a charge over the company assets, in particular the property portfolio.
Directors responsiblities:
-
The members have not required the company to obtain an audit of its accounts 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 accounts.
These financial statements were approved by the
board of directors
and authorised for issue on
31 March 2021
, and are signed on behalf of the board by:
Director
Company registration number:
3176411
The company is a private company limited by shares, registered in England & Wales.