Acorah Software Products - Accounts Production 15.0.600 true true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07706581 Mrs B Rembiesa International Association of Information Technology Asset Managers Inc true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07706581 2022-12-31 07706581 2023-12-31 07706581 2023-01-01 2023-12-31 07706581 frs-core:CurrentFinancialInstruments 2023-12-31 07706581 frs-core:ShareCapital 2023-12-31 07706581 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07706581 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07706581 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07706581 frs-bus:SmallEntities 2023-01-01 2023-12-31 07706581 frs-bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 07706581 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07706581 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07706581 1 2023-01-01 2023-12-31 07706581 frs-bus:Director1 2023-01-01 2023-12-31 07706581 frs-countries:EnglandWales 2023-01-01 2023-12-31 07706581 2021-12-31 07706581 2022-12-31 07706581 2022-01-01 2022-12-31 07706581 frs-core:CurrentFinancialInstruments 2022-12-31 07706581 frs-core:ShareCapital 2022-12-31 07706581 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07706581
IAITAM Europe Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 07706581
2023 2022
Notes £ £ £ £
Creditors: Amounts Falling Due Within One Year 4 (111,181 ) (111,181 )
NET CURRENT ASSETS (LIABILITIES) (111,181 ) (111,181 )
TOTAL ASSETS LESS CURRENT LIABILITIES (111,181 ) (111,181 )
NET LIABILITIES (111,181 ) (111,181 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (111,281 ) (111,281 )
SHAREHOLDERS' FUNDS (111,181) (111,181)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs B Rembiesa
Director
19 September 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
IAITAM Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07706581 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
As at the 31 December 2023, the financial statements are showing negatives reserves of £111,281 which includes an amount of £110,341 owed to the parent company. This loan will not be repaid until such time that the company can afford to make repayment. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 840 840
Amounts owed to associates 110,341 110,341
111,181 111,181
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
6. Related Party Transactions
As at the 31 December 2023 Iaitam Europe Limited has an interest free loan owing to the parent company, International Association of Information Tecnology Asset Managers Inc totalling £110,341 (2022: £110,341).
7. Ultimate Controlling Party
The company's ultimate controlling party is International Association of Information Technology Asset Managers Inc by virtue of their ownership of 100% of the issued share capital in the company.
Page 2