Iconiq Group Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Iconiq Group Limited for the year ended 31 December 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Iconiq Group Limited for the year ended 31 December 2015 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Iconiq Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Iconiq Group Limited and state those matters that we have agreed to state to the Board of Directors of Iconiq Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iconiq Group Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Iconiq Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Iconiq Group Limited. You consider that Iconiq 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 accounts of Iconiq 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 accounts. |
|
Thomas David |
Chartered Accountants |
6-7 Castle Gate |
Castle Street |
Hertford |
Herts |
SG14 1HD |
|
16 September 2016 |
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Iconiq Group Limited |
Notes to the Accounts |
for the year ended 31 December 2015 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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2 |
Investments |
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Other |
investments |
£ |
|
Cost |
|
At 1 January 2015 |
99 |
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At 31 December 2015 |
99 |
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The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
The Iconiq Event Management Limited |
Ordinary |
100 |
|
- |
|
- |
|
Drink Paq Limited |
Ordinary |
100 |
|
- |
|
- |
|
The Iconiq Drinks Company Limited |
Ordinary |
100 |
|
- |
|
- |
|
|
Other investments |
2015 |
|
2014 |
£ |
£ |
|
|
Unlisted investments |
99 |
|
99 |
|
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3 |
Debtors |
2015 |
|
2014 |
£ |
£ |
|
|
Other debtors (see note 6) |
3,386,624 |
|
3,386,624 |
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|
|
|
|
|
|
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4 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
£ |
£ |
|
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Other creditors |
3,386,624 |
|
3,386,624 |
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5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
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6 |
Related Notes |
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The figures in other debtors are overstated in these accounts and cannot be quantified at this stage but Dawn and Sheila Pritchard as shareholders and directors confirm their support for this company until the position can be crystallised. Iconiq Drinks Company Limited went into creditors voluntary liquidation on 14 August 2014 and Drink Paq Limited went into creditors voluntary liquidation on 14 May 2015, it is anticipated that there may be no funds available for the unsecured creditors. |
|
7 |
Ultimate Control |
|
|
Mrs D Pritchard, director, controlled the company by virtue of a majority controlling interest of the issued share capital. |