IRIS Accounts Production v24.1.9.2 03456175 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034561752023-03-31034561752024-03-31034561752023-04-012024-03-31034561752022-03-31034561752022-04-012023-03-31034561752023-03-3103456175ns15:EnglandWales2023-04-012024-03-3103456175ns14:PoundSterling2023-04-012024-03-3103456175ns10:Director12023-04-012024-03-3103456175ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103456175ns10:SmallEntities2023-04-012024-03-3103456175ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103456175ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103456175ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103456175ns10:AbridgedAccounts2023-04-012024-03-3103456175ns10:OrdinaryShareClass12023-04-012024-03-3103456175ns10:Director22023-04-012024-03-3103456175ns10:Director32023-04-012024-03-3103456175ns10:RegisteredOffice2023-04-012024-03-3103456175ns5:CurrentFinancialInstruments2024-03-3103456175ns5:CurrentFinancialInstruments2023-03-3103456175ns5:ShareCapital2024-03-3103456175ns5:ShareCapital2023-03-3103456175ns5:CapitalRedemptionReserve2024-03-3103456175ns5:CapitalRedemptionReserve2023-03-3103456175ns5:RetainedEarningsAccumulatedLosses2024-03-3103456175ns5:RetainedEarningsAccumulatedLosses2023-03-3103456175ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 03456175 (England and Wales)















INTERNATIONAL PROMOTION MARKETING
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


INTERNATIONAL PROMOTION MARKETING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G Tomadin
M Tonelli
F D'Andrea





REGISTERED OFFICE: Flat 27 Crampton House
Patmore Estate
Patmore Street
Battersea
London
SW8 4JQ





REGISTERED NUMBER: 03456175 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 89,265 45,515
89,265 45,515

CURRENT ASSETS
Debtors 603,434 880,359
Cash at bank 1,004,664 792,341
1,608,098 1,672,700
CREDITORS
Amounts falling due within one year 4,715 15,996
NET CURRENT ASSETS 1,603,383 1,656,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,692,648

1,702,219

CAPITAL AND RESERVES
Called up share capital 6 6 6
Capital redemption reserve 2 2
Retained earnings 1,692,640 1,702,211
SHAREHOLDERS' FUNDS 1,692,648 1,702,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1st August 2024 and were signed on its behalf by:





G Tomadin - Director


INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

International Promotion Marketing 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.

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.

Turnover
Turnover 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:

o the amount of revenue can be measured reliably;
o it is probable that the Company will receive the consideration due under the contract;
o the stage of completion of the contract at the end of the reporting period can be measured reliably; and
o the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets 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 either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Equipment - 50% on cost

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Interest income

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

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 statement of financial position date.


INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 745
DEPRECIATION
At 1st April 2023
and 31st March 2024 745
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

INTERNATIONAL PROMOTION MARKETING
LIMITED (REGISTERED NUMBER: 03456175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st April 2023 45,515
Additions 43,750
At 31st March 2024 89,265
NET BOOK VALUE
At 31st March 2024 89,265
At 31st March 2023 45,515

Unlisted investments represent a 2% investment in a new start up, Master ALG Lux SA of £44,701 and 50,000 non voting shares in Master Cocoon SA of £43,750.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary £1.00 6 6