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Registration number: 05651933

International Admin Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

International Admin Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

International Admin Services Limited

Company Information

Director

AS Foulger

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

International Admin Services Limited

(Registration number: 05651933)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

297,770

299,066

Investments

5

300

500

 

298,070

299,566

Current assets

 

Debtors

6

1,515,995

1,870,910

Cash at bank and in hand

 

2,594,333

2,152,155

 

4,110,328

4,023,065

Creditors: Amounts falling due within one year

7

(228,409)

(348,924)

Net current assets

 

3,881,919

3,674,141

Net assets

 

4,179,989

3,973,707

Capital and reserves

 

Called up share capital

100

100

Retained earnings

4,179,889

3,973,607

Shareholders' funds

 

4,179,989

3,973,707

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

International Admin Services Limited

(Registration number: 05651933)
Balance Sheet as at 31 December 2023

Approved and authorised by the director on 23 September 2024



 

.........................................

AS Foulger

Director

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

50% Straight line

Fixtures and fittings

50% Straight line

Office Equipment

50% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 7).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 January 2023

293,706

105,515

6,245

4,836

Additions

-

3,920

-

-

Disposals

-

(18,560)

-

(4,836)

At 31 December 2023

293,706

90,875

6,245

-

Depreciation

At 1 January 2023

-

102,887

3,513

4,836

Charge for the year

-

3,655

1,561

-

Eliminated on disposal

-

(18,560)

-

(4,836)

At 31 December 2023

-

87,982

5,074

-

Carrying amount

At 31 December 2023

293,706

2,893

1,171

-

At 31 December 2022

293,706

2,628

2,732

-

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Total
£

Cost or valuation

At 1 January 2023

410,302

Additions

3,920

Disposals

(23,396)

At 31 December 2023

390,826

Depreciation

At 1 January 2023

111,236

Charge for the year

5,216

Eliminated on disposal

(23,396)

At 31 December 2023

93,056

Carrying amount

At 31 December 2023

297,770

At 31 December 2022

299,066

Included within the net book value of land and buildings above is £293,706 (2022 - £293,706) in respect of long leasehold land and buildings.
 

5

Investments

2023
£

2022
£

Investments in subsidiaries

300

500

Subsidiaries

£

Cost or valuation

At 1 January 2023

500

Disposals

(200)

At 31 December 2023

300

Provision

Carrying amount

At 31 December 2023

300

At 31 December 2022

500

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

IAS Hospitality Limited

Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP

England

Ordinary

100%

100%

IAS Waikiki Limited

Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP

England

Ordinary

100%

100%

Rosticerria Italia Limited

Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP

England

Ordinary

100%

100%

Taste Great Food Limited

Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP

England

Ordinary

100%

100%

Clank Limited

Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP

England

Ordinary

100%

100%

 

International Admin Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Subsidiary undertakings

IAS Hospitality Limited

The principal activity of IAS Hospitality Limited is Cafe / Restaurant.

IAS Waikiki Limited

The principal activity of IAS Waikiki Limited is Cafe / Restaurant.

Rosticerria Italia Limited

The principal activity of Rosticerria Italia Limited is Cafe / Restaurant.

Taste Great Food Limited

The principal activity of Taste Great Food Limited is Cafe / Restaurant.

Clank Limited

The principal activity of Clank Limited is the company was dormant.

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,202

1,092

Amounts owed by related parties

1,436,889

1,857,395

Prepayments

 

15,145

10,383

Other debtors

 

62,759

2,040

   

1,515,995

1,870,910

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,761

1,791

Taxation and social security

129,361

186,337

Accruals and deferred income

2,622

2,777

Other creditors

92,665

158,019

228,409

348,924