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REGISTERED NUMBER: 07562148 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IHRB TRADING LIMITED

IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IHRB TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D L Kemp
R J D Popper
N Black



REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE



REGISTERED NUMBER: 07562148 (England and Wales)



SENIOR STATUTORY AUDITOR: Kevin Fisher FCA



AUDITORS: Myrus Smith
Statutory Auditors
Norman House
8 Burnell Road
Sutton
Surrey
SM1 4BW

IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 900 30,744
Cash at bank 34,043 16,635
34,943 47,379
CREDITORS
Amounts falling due within one year 5 39,745 55,157
NET CURRENT LIABILITIES (4,802 ) (7,778 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,802 ) (7,778 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (4,803 ) (7,779 )
SHAREHOLDERS' FUNDS (4,802 ) (7,778 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





N Black - Director


IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

IHRB Trading Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The significant loss realised during 2017 resulted in the company reporting a deficit in its reserves as at 31 December 2017. In subsequent accounting periods the company has performed consultancy services on a profitable basis, reducing the deficit in reserves from £47,686 to £4,803 as at 31 December 2023.

The company is currently reliant on its parent company Institute For Human Rights and Business Limited to be able to meet its ongoing working capital requirements. The board have obtained confirmation from the directors of its parent company that it will provide the necessary financial support for this purpose.

The company operates with a very low level of fixed costs and the directors expect the company to generate sufficient profits from future consultancy services to address the deficit in reserves on the balance sheet.

These financial statements have been prepared on the basis the company will continue to be a going concern.

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

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.


IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual rights to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 29,950
Other debtors 900 794
900 30,744

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,240 163
Amounts owed to group undertakings 33,724 51,224
Taxation and social security 1,081 170
Other creditors 3,700 3,600
39,745 55,157

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Fisher FCA (Senior Statutory Auditor)
for and on behalf of Myrus Smith

IHRB TRADING LIMITED (REGISTERED NUMBER: 07562148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party are the trustees/directors of the company's parent charitable company, the Institute For Human Rights and Business Ltd. All of the directors of the company are trustees/directors of the parent charitable company.

Consolidated financial statements including the company are prepared by the parent charitable company the Institute For Human Rights and Business Ltd. The registered office of the parent is:

Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE