IRIS Accounts Production v24.2.0.383 00556248 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 The principal activity of the company in the year under review is to foster the art of dancing in all its forms. ++ The directors considered the company's financial position at the year end to be satisfactory. true false true true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005562482022-12-31005562482023-12-31005562482023-01-012023-12-31005562482021-12-31005562482022-01-012022-12-31005562482022-12-3100556248ns15:EnglandWales2023-01-012023-12-3100556248ns14:PoundSterling2023-01-012023-12-3100556248ns10:Director12023-01-012023-12-3100556248ns10:Director22023-01-012023-12-3100556248ns10:CompanySecretary12023-01-012023-12-3100556248ns10:CompanyLimitedByGuarantee2023-01-012023-12-3100556248ns10:SmallEntities2023-01-012023-12-3100556248ns10:Audited2023-01-012023-12-3100556248ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100556248ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100556248ns10:FullAccounts2023-01-012023-12-310055624812023-01-012023-12-3100556248ns5:CurrentFinancialInstruments2023-12-3100556248ns5:CurrentFinancialInstruments2022-12-3100556248ns5:RevaluationReserve2023-12-3100556248ns5:RevaluationReserve2022-12-3100556248ns5:RetainedEarningsAccumulatedLosses2023-12-3100556248ns5:RetainedEarningsAccumulatedLosses2022-12-3100556248ns5:RetainedEarningsAccumulatedLosses2021-12-3100556248ns5:RevaluationReserve2021-12-3100556248ns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-3100556248ns5:RevaluationReserve2022-01-012022-12-3100556248ns5:FurtherSpecificReserve3ComponentTotalEquity2022-01-012022-12-3100556248ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3100556248ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100556248ns5:RevaluationReserve2023-01-012023-12-3100556248ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-012023-12-3100556248ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3100556248ns10:RegisteredOffice2023-01-012023-12-3100556248ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3100556248ns5:LandBuildings2023-01-012023-12-3100556248ns5:PlantMachinery2023-01-012023-12-3100556248ns5:IntangibleAssetsOtherThanGoodwill2022-12-3100556248ns5:IntangibleAssetsOtherThanGoodwill2023-12-3100556248ns5:IntangibleAssetsOtherThanGoodwill2022-12-3100556248ns5:LandBuildings2022-12-3100556248ns5:PlantMachinery2022-12-3100556248ns5:LandBuildings2023-12-3100556248ns5:PlantMachinery2023-12-3100556248ns5:LandBuildings2022-12-3100556248ns5:PlantMachinery2022-12-3100556248ns5:CostValuation2022-12-3100556248ns5:AdditionsToInvestments2023-12-3100556248ns5:DisposalsRepaymentsInvestments2023-12-3100556248ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3100556248ns5:CostValuation2023-12-3100556248ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100556248ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100556248ns5:RevaluationReserve2022-12-3100556248ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-31
REGISTERED NUMBER: 00556248 (England and Wales)










REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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










Page

Report of the Directors 1

Report of the Independent Auditors 2

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors who served during the year ended 31 December 2023 were:

President: President Elect:
Mrs Y Saunders Mrs J Kirkland

Financial Director: Immediate Past President:
Mr M Sandham Miss L Cook


Other:
Mrs L Bouchier (Miss L Armsby) Mr D Kelly - appointed 3 July 2023
Miss D Chapman Miss L King
Mr P Diment Ms D Parker
Mr C Donaldson Mrs K D Skinner
Mrs L Hastings Mr B Thomson
Miss W Heywood Mrs B Underwood (Miss B Sharples)
Mrs V Hooper - resigned 8 July 2024 Mr P Winston
Miss A Jones Mr G Coad - resigned 20 April 2023

Mrs J H Kemp was appointed as a director after the year end, but before approval of these financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE BOARD:



J Stockdale - Secretary


19 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED


Opinion
We have audited the financial statements of International Dance Teachers Association Limited (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its deficit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page one, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we considered the risk of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed included:

- Enquiring of management whether there were instances of non-compliance with laws and regulation or fraud;
- Review of legal expenses for evidence of fees relating to non-compliance;
- Substantive testing of member applications to confirm income earned was recognised in the accounting records;
- Substantive testing to ensure revenue was recognised in the correct period;
- Substantive testing of purchases to confirm the validity of the cost to the company;
- Substantive testing of employee existence and accuracy of salaries; and
- Reviewing journal entries, non-sales bank receipts and non-purchase bank payments.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Colin Young BA FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting
Statutory Auditor
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

25 September 2024

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
£    £   

TURNOVER 3,021,001 2,503,140

Administrative expenses (3,619,493 ) (3,079,699 )
(598,492 ) (576,559 )

Other operating income 158,023 160,011
OPERATING DEFICIT (440,469 ) (416,548 )

Income from fixed asset investments 235,089 232,903
Interest receivable and similar income 1,319 660
(204,061 ) (182,985 )
Movement on market value of investments 5,823 (578,102 )
Gain/loss on revaluation of investment
property

(187,500

)

-
DEFICIT BEFORE TAXATION (385,738 ) (761,087 )

Tax on deficit - 7,015
DEFICIT FOR THE FINANCIAL YEAR (385,738 ) (754,072 )

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,565 106,641
Tangible assets 5 587,943 598,099
Investments 6 5,342,451 5,360,761
Investment property 7 2,534,974 2,719,852
8,532,933 8,785,353

CURRENT ASSETS
Stocks 756,749 781,496
Debtors 8 611,748 868,073
Cash at bank and in hand 663,445 451,782
2,031,942 2,101,351
CREDITORS
Amounts falling due within one year 9 647,413 583,504
NET CURRENT ASSETS 1,384,529 1,517,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,917,462

10,303,200

RESERVES
Revaluation reserve 10 205,592 210,864
Non distributable reserve 10 613,585 801,085
Income and expenditure account 9,098,285 9,291,251
9,917,462 10,303,200

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

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:




L Kalis (Miss L Cook) - Director



M Sandham - Director


INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Non
Retained Revaluation distributable Total
earnings reserve reserve equity
£    £    £    £   
Balance at 1 January 2022 10,040,051 216,136 801,085 11,057,272

Changes in equity
Deficit for the year (754,072 ) - - (754,072 )
Other comprehensive income 5,272 (5,272 ) - -
Total comprehensive income (748,800 ) (5,272 ) - (754,072 )
Balance at 31 December 2022 9,291,251 210,864 801,085 10,303,200

Changes in equity
Deficit for the year (385,738 ) - - (385,738 )
Other comprehensive income 192,772 (5,272 ) (187,500 ) -
Total comprehensive income (192,966 ) (5,272 ) (187,500 ) (385,738 )
Balance at 31 December 2023 9,098,285 205,592 613,585 9,917,462

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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


1. STATUTORY INFORMATION

International Dance Teachers Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00556248

Registered office: International House
76 Bennett Road
Brighton
East Sussex
BN2 5JL

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


The financial statements are rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about International Dance Teachers Association Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services supplied.

Revenue from sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from rendering of services is recognised when the outcome of the transaction can be reliably estimated. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of the transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation has been provided at rates estimated to reduce the assets to their net realisable value over their estimated useful lives.

The following rates have been used:

Copyrights-Over the duration of the copyright
Computer software-20% straight line

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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


2. ACCOUNTING POLICIES - continued

Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Investment property
Investment properties are recognised initially at cost and subsequently measured at fair value at each reporting date with changes in fair value recognised in the income and expenditure account.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Investments
Investments held as fixed assets are recognised initially at transaction price and subsequently measured at fair value at each reporting date with changes in fair value recognised in the income and expenditure account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 561,788
AMORTISATION
At 1 January 2023 455,147
Charge for year 39,076
At 31 December 2023 494,223
NET BOOK VALUE
At 31 December 2023 67,565
At 31 December 2022 106,641

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 703,614 115,927 819,541
Additions - 18,959 18,959
At 31 December 2023 703,614 134,886 838,500
DEPRECIATION
At 1 January 2023 140,306 81,136 221,442
Charge for year 14,072 15,043 29,115
At 31 December 2023 154,378 96,179 250,557
NET BOOK VALUE
At 31 December 2023 549,236 38,707 587,943
At 31 December 2022 563,308 34,791 598,099

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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


6. FIXED ASSET INVESTMENTS
Investment
in
subsidiary Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 2,004 5,358,757 5,360,761
Additions - 892,022 892,022
Disposals - (916,155 ) (916,155 )
Revaluations - 5,823 5,823
At 31 December 2023 2,004 5,340,447 5,342,451
NET BOOK VALUE
At 31 December 2023 2,004 5,340,447 5,342,451
At 31 December 2022 2,004 5,358,757 5,360,761

The other investments are measured at fair value at the balance sheet date based on their quoted market price.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,719,852
Additions 2,622
Revaluations (187,500 )
At 31 December 2023 2,534,974
NET BOOK VALUE
At 31 December 2023 2,534,974
At 31 December 2022 2,719,852

The directors have fair valued the investment properties at the balance sheet date based on the market value of similar properties in the area.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 233,099 200,064
Other debtors 378,649 668,009
611,748 868,073

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 97,779 61,862
Trade creditors 153,695 77,123
Amounts owed to group undertakings 162,436 228,042
Taxation and social security 24,126 -
Other creditors 209,377 216,477
647,413 583,504

INTERNATIONAL DANCE TEACHERS ASSOCIATION
LIMITED (REGISTERED NUMBER: 00556248)

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


10. RESERVES
Non
Revaluation distributable
reserve reserve Totals
£    £    £   
At 1 January 2023 210,864 801,085 1,011,949
Transfers (5,272 ) - (5,272 )
Property revaluation - (187,500 ) (187,500 )

At 31 December 2023 205,592 613,585 819,177

11. RELATED PARTY DISCLOSURES

At the year end, the company owed £1,676 (2022: £25,815 debtor) to a charitable fund under the control of the company.