Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-07-01falseNo description of principal activity158truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12675997 2021-07-01 2022-12-31 12675997 2020-06-17 2021-06-30 12675997 2022-12-31 12675997 2021-06-30 12675997 c:Director3 2021-07-01 2022-12-31 12675997 d:FurnitureFittings 2021-07-01 2022-12-31 12675997 d:FurnitureFittings 2022-12-31 12675997 d:FurnitureFittings 2021-06-30 12675997 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-07-01 2022-12-31 12675997 d:OfficeEquipment 2021-07-01 2022-12-31 12675997 d:OfficeEquipment 2022-12-31 12675997 d:OfficeEquipment 2021-06-30 12675997 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-12-31 12675997 d:OwnedOrFreeholdAssets 2021-07-01 2022-12-31 12675997 d:ComputerSoftware 2022-12-31 12675997 d:ComputerSoftware 2021-06-30 12675997 d:CurrentFinancialInstruments 2022-12-31 12675997 d:CurrentFinancialInstruments 2021-06-30 12675997 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12675997 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 12675997 d:ShareCapital 2022-12-31 12675997 d:ShareCapital 2021-06-30 12675997 d:RetainedEarningsAccumulatedLosses 2022-12-31 12675997 d:RetainedEarningsAccumulatedLosses 2021-06-30 12675997 c:OrdinaryShareClass1 2021-07-01 2022-12-31 12675997 c:OrdinaryShareClass1 2022-12-31 12675997 c:OrdinaryShareClass1 2021-06-30 12675997 c:FRS102 2021-07-01 2022-12-31 12675997 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-12-31 12675997 c:FullAccounts 2021-07-01 2022-12-31 12675997 c:PrivateLimitedCompanyLtd 2021-07-01 2022-12-31 12675997 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2021-07-01 2022-12-31 12675997 2 2021-07-01 2022-12-31 12675997 d:ComputerSoftware d:OwnedIntangibleAssets 2021-07-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12675997









LONDON IPM LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
LONDON IPM LTD
REGISTERED NUMBER: 12675997

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
30 June
2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
54,899
40,402

Tangible assets
 5 
9,908
8,582

  
64,807
48,984

Current assets
  

Debtors: amounts falling due within one year
 6 
913,319
373,850

Cash at bank and in hand
 7 
155,557
380,991

  
1,068,876
754,841

Creditors: amounts falling due within one year
 8 
(2,381,455)
(1,274,285)

Net current liabilities
  
 
 
(1,312,579)
 
 
(519,444)

Total assets less current liabilities
  
(1,247,772)
(470,460)

  

Net liabilities
  
(1,247,772)
(470,460)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(1,247,773)
(470,461)

  
(1,247,772)
(470,460)


Page 1

 
LONDON IPM LTD
REGISTERED NUMBER: 12675997
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider 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 period in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 on 20 February 2024.




K J Pickles
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

London IPM Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 27-28 Eastcastle Street, London, England, W1W 8DH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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

 
2.10

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.

Page 4

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 15 (2021 - 8).

Page 5

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Intangible assets






Website development

£



Cost


At 1 July 2021
40,460


Additions
30,936



At 31 December 2022

71,396



Amortisation


At 1 July 2021
58


Charge for the period on owned assets
16,439



At 31 December 2022

16,497



Net book value



At 31 December 2022
54,899



At 30 June 2021
40,402



Page 6

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2021
233
9,963
10,196


Additions
2,399
4,177
6,576



At 31 December 2022

2,632
14,140
16,772



Depreciation


At 1 July 2021
44
1,570
1,614


Charge for the period on owned assets
503
4,747
5,250



At 31 December 2022

547
6,317
6,864



Net book value



At 31 December 2022
2,085
7,823
9,908



At 30 June 2021
189
8,393
8,582


6.


Debtors

31 December
30 June
2022
2021
£
£


Trade debtors
314,395
351,347

Other debtors
27,451
22,503

Prepayments and accrued income
571,473
-

913,319
373,850


Page 7

 
LONDON IPM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

7.


Cash and cash equivalents

31 December
30 June
2022
2021
£
£

Cash at bank and in hand
155,557
380,991

Less: bank overdrafts
-
(1)

155,557
380,990



8.


Creditors: Amounts falling due within one year

31 December
30 June
2022
2021
£
£

Bank overdrafts
-
1

Trade creditors
207,490
123,794

Other taxation and social security
259,140
402,961

Other creditors
1,685,405
713,529

Accruals and deferred income
229,420
34,000

2,381,455
1,274,285



9.


Share capital

31 December
30 June
2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. No contribution is due at the reporting date.

 
Page 8