Micro-entity Accounts - ICON PROPERTY CORP LIMITED

ICON PROPERTY CORP LIMITED - Company Information

03176411 ICON PROPERTY CORP LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 03176411 2016-04-01 2017-03-31 03176411 2017-03-31 03176411 2016-03-31 03176411 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 03176411 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 03176411 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 03176411

ICON PROPERTY CORP LIMITED

Micro-entity Accounts

31 March 2017

ICON PROPERTY CORP LIMITED Registered Number 03176411

Micro-entity Balance Sheet as at 31 March 2017

	2017	2016
	£	£
Fixed Assets	778,464	793,704
Current Assets	581,913	582,360
Prepayments and accrued income	-	1,513
Creditors: amounts falling due within one year	(136,866)	(146,192)
Net current assets (liabilities)	445,047	437,681
Total assets less current liabilities	1,223,511	1,231,385
Creditors: amounts falling due after more than one year	(256,824)	(281,919)
Accruals and deferred income	(7,626)	(7,353)
Total net assets (liabilities)	959,061	942,113
Capital and reserves	959,061	942,113

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2017

And signed on their behalf by:
Mr RF Anacreonte, Director

Footnotes:

Advances and credits
Directors advances, credits and guarantees:
During the year the director (Mr RF Anacreonte) entered into the following advances and credits with the company:
2017:
Balance brought forward - £119,803
Advances/(credits) to the directors - £(116,411)
Balance o/standing - £3,392
2016:
Balance brought forward - £(20,697)
Advances/(credits) to the directors - £140,500
Balance o/standing - £119,803
The above loans are interest free and no repayment period has been set.

ICON PROPERTY CORP LIMITED Registered Number 03176411

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Accounting Policies

Other accounting policies
Transition to FRS 105
As at 1 April 2015 the company transitioned to FRS 105. As a result of the transition the companyadopted the valuations of the investment properties as the deemed cost.
This has affected the previously reported financial position and financial performance as follows;
As at 31 March 2016:
Reconciliation of equity:
Capital and reserves (as previously stated) - £957,353
Depreciation charge year ended 31 March 2016 - £(15,240)
Capital and reserves (as restated) - £942,113
Reconciliation of profit for the year:
Profit for the year ended 31 March 2016 (as previously stated) - £100,757
Depreciation charge - £(15,240)
Profit for the year (as restated) - £85,517