0 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,160 1,313,000 1,314,160 1,314,160 1,160 xbrli:pure xbrli:shares iso4217:GBP 12950011 2022-06-01 2023-05-31 12950011 2023-05-31 12950011 2022-05-31 12950011 bus:Director1 2022-06-01 2023-05-31 12950011 core:WithinOneYear 2023-05-31 12950011 core:ShareCapital 2023-05-31 12950011 core:ShareCapital 2022-05-31 12950011 core:RetainedEarningsAccumulatedLosses 2023-05-31 12950011 core:RetainedEarningsAccumulatedLosses 2022-05-31 12950011 core:CostValuation core:Non-currentFinancialInstruments 2022-05-31 12950011 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 12950011 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 12950011 core:Non-currentFinancialInstruments 2023-05-31 12950011 core:Non-currentFinancialInstruments 2022-05-31 12950011 bus:SmallEntities 2022-06-01 2023-05-31 12950011 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12950011 bus:FullAccounts 2022-06-01 2023-05-31 12950011 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12950011 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 12950011
IMK Holdings Limited
Filleted Unaudited Financial Statements
31 May 2023
IMK Holdings Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
1,314,160
1,160
Current assets
Debtors
5
637,175
573,976
Cash at bank and in hand
142,444
64
---------
---------
779,619
574,040
Creditors: amounts falling due within one year
6
1,278,686
------------
---------
Net current (liabilities)/assets
( 499,067)
574,040
------------
---------
Total assets less current liabilities
815,093
575,200
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
814,893
575,000
---------
---------
Shareholder funds
815,093
575,200
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 February 2024 , and are signed on behalf of the board by:
M Ishfaq
Director
Company registration number: 12950011
IMK Holdings Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridgewater House, 8 Surrey Road, Nelson, England, BB9 7TZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
Dividends received by UK holding company from UK subsidiaries benefit from an exemption from corporation tax, called the dividend exemption.Thus the company has no liability to taxation arising on income received in the period.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in group undertakings
£
Cost
At 1 June 2022
1,160
Additions
1,313,000
------------
At 31 May 2023
1,314,160
------------
Impairment
At 1 June 2022 and 31 May 2023
------------
Carrying amount
At 31 May 2023
1,314,160
------------
At 31 May 2022
1,160
------------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
637,175
573,976
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
515,709
Other creditors
762,977
------------
----
1,278,686
------------
----