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REGISTERED NUMBER: 02414154 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTERNATIONAL PROPERTY MEDIA LIMITED

INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERNATIONAL PROPERTY MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Shield
H C Shield





SECRETARY: H C Shield





REGISTERED OFFICE: The Mill House
Bishops Hall Lane
Chelmsford
Essex
CM1 1LG





REGISTERED NUMBER: 02414154 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,019 44,411
Investments 5 71 71
Investment property 6 515,250 515,250
571,340 559,732

CURRENT ASSETS
Debtors 7 1,782,037 1,689,150
Cash at bank and in hand 2,664,197 2,149,289
4,446,234 3,838,439
CREDITORS
Amounts falling due within one year 8 1,172,968 956,135
NET CURRENT ASSETS 3,273,266 2,882,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,844,606

3,442,036

PROVISIONS FOR LIABILITIES 50,700 50,700
NET ASSETS 3,793,906 3,391,336

CAPITAL AND RESERVES
Called up share capital 110 110
Revaluation reserve 9 351,463 351,463
Retained earnings 3,442,333 3,039,763
SHAREHOLDERS' FUNDS 3,793,906 3,391,336

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

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

INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

BALANCE SHEET - continued
31 DECEMBER 2023


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 19 September 2024 and were signed on its behalf by:





H C Shield - Director


INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

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


1. STATUTORY INFORMATION

International Property Media 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 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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 41 ) .

INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 165,997
Additions 25,589
At 31 December 2023 191,586
DEPRECIATION
At 1 January 2023 121,586
Charge for year 13,981
At 31 December 2023 135,567
NET BOOK VALUE
At 31 December 2023 56,019
At 31 December 2022 44,411

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 71
NET BOOK VALUE
At 31 December 2023 71
At 31 December 2022 71

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 515,250
NET BOOK VALUE
At 31 December 2023 515,250
At 31 December 2022 515,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 275,361 267,376
Other debtors 1,506,676 1,421,774
1,782,037 1,689,150

INTERNATIONAL PROPERTY MEDIA LIMITED (REGISTERED NUMBER: 02414154)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 89,423 42,361
Taxation and social security 221,008 181,178
Other creditors 862,537 732,596
1,172,968 956,135

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 351,463