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REGISTERED NUMBER: 08529056 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

International Maritime Development
Limited

International Maritime Development
Limited (Registered number: 08529056)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


International Maritime Development
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R Wittendorff





REGISTERED OFFICE: 823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ





REGISTERED NUMBER: 08529056 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

International Maritime Development
Limited (Registered number: 08529056)

Report of the Director
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of publishing of consumer and business journals and periodicals.

DIRECTOR
R Wittendorff held office during the whole of the period from 1 June 2023 to the date of this report.

RESULTS AND DIVIDENDS
The Company's profit for the period amounted to GBP 21,608. The Directors do not recommend the payment of a dividend.

POST BALANCE SHEET EVENTS
No post balance sheet events have occured since 31 May 2024 which require reporting or disclosing in the accounts.

AUDITORS
The director has with reference to exemptions in the Companies Act elected not to appoint auditors.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

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

ON BEHALF OF THE BOARD:





R Wittendorff - Director


23 September 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
International Maritime Development
Limited (Registered number: 08529056)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International Maritime Development Limited for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of International Maritime Development Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Maritime Development Limited and state those matters that we have agreed to state to the director of International Maritime Development Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Maritime Development Limited and its director for our work or for this report.

It is your duty to ensure that International Maritime Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of International Maritime Development Limited. You consider that International Maritime Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International Maritime Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


23 September 2024

International Maritime Development
Limited (Registered number: 08529056)

Income Statement
for the Year Ended 31 May 2024

2024 2023
Notes £    £   

TURNOVER 22,146 8,659

Administrative expenses 15,896 5,715
6,250 2,944

Other operating income 14,306 -
OPERATING PROFIT 4 20,556 2,944

Interest receivable and similar income 1,201 708
PROFIT BEFORE TAXATION 21,757 3,652

Tax on profit 5 149 -
PROFIT FOR THE FINANCIAL YEAR 21,608 3,652

International Maritime Development
Limited (Registered number: 08529056)

Other Comprehensive Income
for the Year Ended 31 May 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 21,608 3,652


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

21,608

3,652

International Maritime Development
Limited (Registered number: 08529056)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 25,557 25,557
Investments 7 - 14,501
25,557 40,058

CURRENT ASSETS
Debtors 8 85,940 47,630
Cash at bank 45,368 -
131,308 47,630
CREDITORS
Amounts falling due within one year 9 154,380 106,811
NET CURRENT LIABILITIES (23,072 ) (59,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,485

(19,123

)

CAPITAL AND RESERVES
Called up share capital 10 13,000 13,000
Retained earnings 11 (10,515 ) (32,123 )
SHAREHOLDERS' FUNDS 2,485 (19,123 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 September 2024 and were signed by:





R Wittendorff - Director


International Maritime Development
Limited (Registered number: 08529056)

Statement of Changes in Equity
for the Year Ended 31 May 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 June 2022 13,000 (35,775 ) (22,775 )

Changes in equity
Total comprehensive income - 3,652 3,652
Balance at 31 May 2023 13,000 (32,123 ) (19,123 )

Changes in equity
Total comprehensive income - 21,608 21,608
Balance at 31 May 2024 13,000 (10,515 ) 2,485

International Maritime Development
Limited (Registered number: 08529056)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

International Maritime Development 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Investments in associates
Investments in associate undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Debtors
Debtors are valued individually and there are made provision according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

Taxation
Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating loss is stated after charging:
2023/242022/23
££
Director's remuneration and other benefits etc--

International Maritime Development
Limited (Registered number: 08529056)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 149 -
Tax on profit 149 -

6. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 25,557
NET BOOK VALUE
At 31 May 2024 25,557
At 31 May 2023 25,557

7. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 June 2023 14,501
Disposals (14,501 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 14,501

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,052 44,595
Amounts owed by group undertakings 41,888 1,856
Other debtors - 1,179
85,940 47,630

International Maritime Development
Limited (Registered number: 08529056)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 68
Amounts owed to group undertakings 53,219 297
Amounts owed to associates 4,849 15,958
Other creditors 7,042 -
Accruals and deferred income 89,270 90,488
154,380 106,811

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
13,000 Ordinary 1 13,000 13,000

11. RESERVES
Retained
earnings
£   

At 1 June 2023 (32,123 )
Profit for the year 21,608
At 31 May 2024 (10,515 )