International Corporate Protection Group - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05108577

Financial statements for the year ended 31 March 2021

For

International Corporate Protection

Group limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mr W G T Geddes

Mr L Melville

REGISTERED OFFICE:

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

REGISTERED NUMBER:

05108577

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International Corporate Protection Group limited for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of International Corporate Protection Group limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Corporate Protection Group limited and state those matters that we have agreed to state to the Board of Directors of International Corporate Protection Group limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Corporate Protection Group limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International Corporate Protection Group limited 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 International Corporate Protection Group limited. You consider that International Corporate Protection Group limited 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 financial statements of International Corporate Protection Group limited. 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 financial statements.

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

10 April 2021

Fixed assets

Intangible assets

4

1,995

1,995

Tangible assets

5

46,284

53,826

48,279

55,821

Current assets

Debtors

6

178,507

283,190

Cash at bank

596,254

181,955

774,761

465,145

Creditors

Amounts falling due within one year

7

312,240

122,361

Net current assets

462,521

342,784

Total assets less current liabilities

510,800

398,605

Creditors

Amounts falling due after more than one year

8

50,186

218

Net assets

460,614

398,387

Capital and reserves

Called up share capital

101

101

Retained earnings

460,513

398,286

Shareholders' funds

460,614

398,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2021 and were signed on its behalf by:

Mr W G T Geddes - Director

1.	STATUTORY INFORMATION

International Corporate Protection Group limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

and 31 March 2021

1,995

NET BOOK VALUE

At 31 March 2021

1,995

At 31 March 2020

1,995

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

200,460

Additions

6,966

At 31 March 2021

207,426

DEPRECIATION

At 1 April 2020

146,634

Charge for year

14,508

At 31 March 2021

161,142

NET BOOK VALUE

At 31 March 2021

46,284

At 31 March 2020

53,826

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

178,507

252,487

Tactics On Ltd

-

30,703

178,507

283,190

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

63,761

7,475

Tax

103,859

57,227

Social security and other taxes

4,662

7,688

Pension

157

157

VAT

134,745

47,708

Other creditors

5,043

2,093

Accrued expenses

13

13

312,240

122,361

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 1-2 years

50,000

-

Directors Current Account

186

218

50,186

218

9.	RELATED PARTY DISCLOSURES

Mr W G T Geddes

Director and shareholder

Mr Geddes received dividend in the sum of £256,000 (2020; £417,500) during the year under review.

31.3.21

31.3.20

£

£

Amount due to related party at the balance sheet date

186

218

Tacticts On Limited

A company owned by Mr W Geddes

The company charged management charge in the sum of £39,923 (2020; £100,000) during the year under review.

31.3.21

31.3.20

£

£

Amount due from related party at the balance sheet date

-

30,702

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W G T Geddes.