Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30false2021-12-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11409826 2021-12-01 2022-11-30 11409826 2020-12-01 2021-11-30 11409826 2022-11-30 11409826 2021-11-30 11409826 2020-12-01 11409826 c:Director1 2021-12-01 2022-11-30 11409826 d:PlantMachinery 2021-12-01 2022-11-30 11409826 d:PlantMachinery 2022-11-30 11409826 d:PlantMachinery 2021-11-30 11409826 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 11409826 d:MotorVehicles 2021-12-01 2022-11-30 11409826 d:FurnitureFittings 2021-12-01 2022-11-30 11409826 d:ComputerEquipment 2021-12-01 2022-11-30 11409826 d:OtherPropertyPlantEquipment 2021-12-01 2022-11-30 11409826 d:OtherPropertyPlantEquipment 2022-11-30 11409826 d:OtherPropertyPlantEquipment 2021-11-30 11409826 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 11409826 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 11409826 d:ComputerSoftware 2022-11-30 11409826 d:ComputerSoftware 2021-11-30 11409826 d:CurrentFinancialInstruments 2022-11-30 11409826 d:CurrentFinancialInstruments 2021-11-30 11409826 d:Non-currentFinancialInstruments 2022-11-30 11409826 d:Non-currentFinancialInstruments 2021-11-30 11409826 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11409826 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 11409826 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11409826 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 11409826 d:ShareCapital 2022-11-30 11409826 d:ShareCapital 2021-11-30 11409826 d:RetainedEarningsAccumulatedLosses 2022-11-30 11409826 d:RetainedEarningsAccumulatedLosses 2021-11-30 11409826 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11409826 d:AcceleratedTaxDepreciationDeferredTax 2021-11-30 11409826 c:FRS102 2021-12-01 2022-11-30 11409826 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 11409826 c:FullAccounts 2021-12-01 2022-11-30 11409826 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 11409826 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2021-12-01 2022-11-30 11409826 5 2021-12-01 2022-11-30 11409826 6 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 11409826










IJMH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
IJMH LIMITED
REGISTERED NUMBER: 11409826

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 6 
1,767,843
85,899

Tangible assets
 7 
953,158
168,754

Investments
 8 
6,500,584
3,059,181

  
9,221,585
3,313,834

Current assets
  

Debtors
 9 
21,489,548
3,205,943

Cash at bank and in hand
 10 
21,272,459
32,232,797

  
42,762,007
35,438,740

Creditors: amounts falling due within one year
 11 
(2,153,027)
(1,676,592)

Net current assets
  
 
 
40,608,980
 
 
33,762,148

Total assets less current liabilities
  
49,830,565
37,075,982

Creditors: amounts falling due after more than one year
 12 
(236,766)
(281,403)

Provisions for liabilities
  

Deferred tax
 13 
(27,032)
(27,032)

Net assets
  
49,566,767
36,767,547


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
49,566,766
36,767,546

  
49,566,767
36,767,547


Page 1

 
IJMH LIMITED
REGISTERED NUMBER: 11409826
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ian Munro
Director

Date: 29 November 2023

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

IJMH Limited is a private company limited by shares incorporated in England and Wales registered number 11409826 . The registered office is 33 Soho Square, London, W1D 3QU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled.

Page 3

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.4

Taxation

The tax expense for the year comprises the sum of currently payable and deferred tax. 
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net proit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are cahrgeable to or deductible for tax purposes, the resulting current or deffered tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deffered tax assets and liabilities relate to taxes levied by the same tax authority.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Digital investments are considered for impairment at each reporting date, for a true and fair view, there is no set policy of amortisation in terms of a percentage charged each year due to nature of these assets and fluctuations in terms of net book value.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is recognised as to write off the cost or valuation of assets less their residual values over their useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
3
years straight line


Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indexation exists, the recoverable amount of the asset is estimated in order to determine the extent of the impariment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit)  is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if , and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impariment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impariment loss is treated as a revaluation increase.

 
2.8

Fixed asset investments

Listed investments include shares held in listed investments. Other investments include fixed asset investments and non listed shares held as investments. Investments are held at fair value and revalued at each reporting date, where the fair value of investments cannot be reliably measured the investments are held at historic cost less impairment.

Page 5

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12  'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at a transaction price including transaction costs are subseqeuntly carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at a amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 6

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

  
2.12

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

  
2.13

Foreign exchange

Transactions in currencies other than pounds sterlig are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Page 7

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Employees

The average monthly number of persons employed by the company during the year was as follows:


        2022
        2021
            No.
            No.







Directors
1
1


5.


Other gains and losses

Other gains and losses include the following:


2022
2021
£
£

Fair value gains/(losses)


Change in value of financial assets held at fair value through profit or loss
-
(1,079)

Page 8

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

6.


Intangible assets




Digital investments

£



Cost


At 1 December 2021
85,899


Additions
1,681,944



At 30 November 2022

1,767,843






Net book value



At 30 November 2022
1,767,843



At 30 November 2021
85,899



Page 9

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Tangible fixed assets





Plant and machinery etc
Assets under construction
Total

£
£
£



Cost or valuation


At 1 December 2021
225,966
-
225,966


Additions
145,720
726,617
872,337



At 30 November 2022

371,686
726,617
1,098,303



Depreciation


At 1 December 2021
57,212
-
57,212


Charge for the year on owned assets
87,933
-
87,933



At 30 November 2022

145,145
-
145,145



Net book value



At 30 November 2022
226,541
726,617
953,158



At 30 November 2021
168,754
-
168,754

Page 10

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

8.


Fixed asset investments





Wine investments
Listed investments
Other investments
Total

£
£
£
£



Cost or valuation


At 1 December 2021
928,558
1,520,905
609,718
3,059,181


Additions
589,948
2,500,000
389,708
3,479,656


Revaluations
-
(38,253)
-
(38,253)



At 30 November 2022
1,518,506
3,982,652
999,426
6,500,584




Listed investments are held at their fair value. Other investments include motor vehicle investments - wine investments and other investments are held at cost less impairment due to the fact that a fair value cannot be reliably measured.
As at the balance sheet date the director has reviewed all assets held at cost and determined no impairment is required.


9.


Debtors

2022
2021
£
£


Trade debtors
60,000
-

Other debtors
21,354,744
3,205,943

Corporation tax
74,804
-

21,489,548
3,205,943



10.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
21,272,459
32,232,797


Page 11

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

11.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
33,408
108,504

Corporation tax
-
135,196

Other taxation and social security
-
103,567

Other creditors
2,119,619
1,329,325

2,153,027
1,676,592



12.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
236,766
281,403


Page 12

 
IJMH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

13.


Deferred taxation




2022
2021


£

£






At beginning of year
27,032
1,534


Charged to profit or loss
-
25,498



At end of year
27,032
27,032

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
27,032
27,032

27,032
27,032


14.


Related party transactions

As at the balance sheet date, there was a balance owed by the director of £387,533 (2021 - £278,627). This balance is repayable on demand. The balance owed is included within other debtors. 
As at the balance sheet date, there was a balance owed to the company of £196,838 (2021 - £292,960) from IJMH MY LLP, the director of this company is also a member of the limited liability partnership. This balance is repayable on demand. The balance owed is included within other debtors.

 
Page 13