Icon Property (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05797239 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Icon Property (UK) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr Mohammed Rafiq

SECRETARY:

Mr Syed Akhtar

REGISTERED OFFICE:

16 Minstead Road

Birmingham

West Midlands

B24 8PT

REGISTERED NUMBER:

05797239 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Icon Property (UK) Limited for the year ended 30 April 2016 which comprise the

Profit and Loss Account, the 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 director of Icon Property (UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Icon Property (UK) Limited and state those matters that we have agreed to state to the director of Icon Property (UK) Limited 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 Icon Property (UK) Limited director for our work or for this report.

It is your duty to ensure that Icon Property (UK) 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 loss of Icon Property (UK) Limited. You consider that Icon Property (UK) 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 Icon Property (UK) 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.

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

26 January 2017

FIXED ASSETS

Tangible assets

2

294,675

296,763

CURRENT ASSETS

Debtors

1,829

9,696

Cash at bank

726

590

2,555

10,286

CREDITORS

Amounts falling due within one year

152,267

146,404

NET CURRENT LIABILITIES

(149,712

)

(136,118

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

144,963

160,645

CREDITORS

Amounts falling due after more than one
year

3

145,175

159,588

NET (LIABILITIES)/ASSETS

(212

)

1,057

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(312

)

957

SHAREHOLDERS' FUNDS

(212

)

1,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 January 2017 and were signed by:

Mr Mohammed Rafiq - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

303,021

DEPRECIATION

At 1 May 2015

6,258

Charge for year

2,088

At 30 April 2016

8,346

NET BOOK VALUE

At 30 April 2016

294,675

At 30 April 2015

296,763

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

145,175

159,588

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

100

5.	RELATED PARTY DISCLOSURES

No transaction with related parties were undertaken such as are required to be disclosed under FRSSE.

6.	ULTIMATE CONTROLLING PARTY

The company was under the control Mr. Mohammed Rafiq throughout the current and previous

financial year.