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REGISTERED NUMBER: 11374887 (England and Wales)















Report of the directors and

Unaudited financial statements for the year ended 31 May 2023

For

IDM LONDON INVESTMENTS LTD

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Contents of the financial statements
for the Year Ended 31 May 2023










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 4

Income Statement 6

Balance Sheet 7

Notes to the Financial Statements 9


IDM LONDON INVESTMENTS LTD

Company information
for the Year Ended 31 May 2023







DIRECTORS: Mrs I Marcinkeviciene
Mr D Marcinkevicius





REGISTERED OFFICE: Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
London
EC3V 4AB





REGISTERED NUMBER: 11374887 (England and Wales)





ACCOUNTANTS: Parker Russell UK
Chartered Accountants
Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
EC3V 4AB

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Report of the directors
for the Year Ended 31 May 2023


The directors present their report with the financial statements of the company for the year ended 31 May 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property management.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

Mrs I Marcinkeviciene
Mr D Marcinkevicius

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Report of the directors
for the Year Ended 31 May 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D Marcinkevicius - Director


21 February 2024

Chartered accountants' report to the board of directors
On the unaudited financial statements of
Idm london investments ltd



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IDM LONDON INVESTMENTS LTD for the year ended 31 May 2023 which comprise the Income Statement, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of IDM LONDON INVESTMENTS LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IDM LONDON INVESTMENTS LTD and state those matters that we have agreed to state to the Board of Directors of IDM LONDON INVESTMENTS LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IDM LONDON INVESTMENTS LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IDM LONDON INVESTMENTS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IDM LONDON INVESTMENTS LTD. You consider that IDM LONDON INVESTMENTS LTD 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 financial statements of IDM LONDON INVESTMENTS LTD. 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 financial statements.






Parker Russell UK
Chartered Accountants
Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
EC3V 4AB


Chartered accountants' report to the board of directors
On the unaudited financial statements of
Idm london investments ltd



21 February 2024

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Income statement
for the Year Ended 31 May 2023

31.5.23 31.5.22
£    £   

Turnover 10,000 15,000

Administrative expenses 2,638 2,148
Operating profit 7,362 12,852


Interest payable and similar expenses 1,045 -
Profit before taxation 6,317 12,852

Tax on profit 1,200 2,442
Profit for the financial year 5,117 10,410

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Balance sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 399,589 149,396

Current assets
Cash at bank and in hand 3,987 14,823

Creditors
Amounts falling due within one year 5 2,630 4,487
Net current assets 1,357 10,336
Total assets less current liabilities 400,946 159,732

Creditors
Amounts falling due after more than
one year

6

369,770

133,673
Net assets 31,176 26,059

Capital and reserves
Called up share capital 100 100
Retained earnings 31,076 25,959
Shareholders' funds 31,176 26,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Balance sheet - continued
31 May 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr D Marcinkevicius - Director


IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Notes to the financial statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

IDM LONDON INVESTMENTS LTD 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.


IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Notes to the financial statements - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2022 149,396
Additions 250,193
At 31 May 2023 399,589
NET BOOK VALUE
At 31 May 2023 399,589
At 31 May 2022 149,396

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 1,200 2,442
Other creditors 1,430 2,045
2,630 4,487

IDM LONDON INVESTMENTS LTD (Registered number: 11374887)

Notes to the financial statements - continued
for the Year Ended 31 May 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 103,050 -
Other creditors 266,720 133,673
369,770 133,673

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 98,104 -