Icon Property Investment (Herts) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03117950 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Icon Property Investment (Herts) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R Cuthbert

Mrs T L Cuthbert

SECRETARY:

Mrs T L Cuthbert

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

03117950 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Limited

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Tangible assets

5

255,564

255,564

CURRENT ASSETS

Debtors

6

196

186

Cash at bank

698

1,564

894

1,750

CREDITORS

Amounts falling due within one year

7

133,519

134,682

NET CURRENT LIABILITIES

(132,625

)

(132,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,939

122,632

CREDITORS

Amounts falling due after more than one year

8

158,098

158,099

NET LIABILITIES

(35,159

)

(35,467

)

CAPITAL AND RESERVES

Allotted, called up and fully

paid share capital

100

100

Retained earnings

(35,259

)

(35,567

)

SHAREHOLDERS' FUNDS

(35,159

)

(35,467

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 15 December 2018 and were signed on its behalf by:

R Cuthbert - Director

1.	STATUTORY INFORMATION

Icon Property Investment (Herts) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rents receivable, 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.

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 statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2017

and 31 March 2018

255,564

NET BOOK VALUE

At 31 March 2018

255,564

At 31 March 2017

255,564

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments

196

186

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

1,157

4,250

Trade creditors

1,804

656

Amounts owed to group undertakings

127,765

126,726

Other creditors

1,343

1,343

Directors' current accounts

30

287

Accrued expenses

1,420

1,420

133,519

134,682

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Mortgages

158,098

158,099

Amounts falling due in more than five years:

Repayable by instalments

Mortgages

158,098

158,099

The loan is secured over the Company's investment property.