Investment Management Partners Limited 08273321 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is employment placement services. Digita Accounts Production Advanced 6.30.9574.0 true true 08273321 2022-11-01 2023-10-31 08273321 2023-10-31 08273321 bus:Director1 1 2023-10-31 08273321 bus:OrdinaryShareClass1 2023-10-31 08273321 core:CurrentFinancialInstruments 2023-10-31 08273321 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08273321 core:Non-currentFinancialInstruments 2023-10-31 08273321 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 08273321 core:FurnitureFittingsToolsEquipment 2023-10-31 08273321 bus:SmallEntities 2022-11-01 2023-10-31 08273321 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08273321 bus:FullAccounts 2022-11-01 2023-10-31 08273321 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08273321 bus:RegisteredOffice 2022-11-01 2023-10-31 08273321 bus:Director1 2022-11-01 2023-10-31 08273321 bus:Director1 1 2022-11-01 2023-10-31 08273321 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08273321 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08273321 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 08273321 core:PlantMachinery 2022-11-01 2023-10-31 08273321 countries:EnglandWales 2022-11-01 2023-10-31 08273321 2022-10-31 08273321 bus:Director1 1 2022-10-31 08273321 core:FurnitureFittingsToolsEquipment 2022-10-31 08273321 2021-11-01 2022-10-31 08273321 2022-10-31 08273321 bus:Director1 1 2022-10-31 08273321 bus:OrdinaryShareClass1 2022-10-31 08273321 core:CurrentFinancialInstruments 2022-10-31 08273321 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08273321 core:Non-currentFinancialInstruments 2022-10-31 08273321 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 08273321 core:FurnitureFittingsToolsEquipment 2022-10-31 08273321 bus:Director1 1 2021-11-01 2022-10-31 08273321 bus:Director1 1 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08273321

Investment Management Partners Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Investment Management Partners Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Investment Management Partners Limited

Company Information

Director

Mr James Thornton-Dewhirst

Registered office

Office 9
Wingate Square
London
SW4 0AF

Accountants

Michaelides Warner & Co Limited
102 Fulham Palace Road
London
W6 9PL

 

Investment Management Partners Limited

(Registration number: 08273321)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

206

Current assets

 

Stocks

5

52,132

25,253

Debtors

6

10,227

7,227

Cash at bank and in hand

 

26,447

4,843

 

88,806

37,323

Creditors: Amounts falling due within one year

7

(234,767)

(105,780)

Net current liabilities

 

(145,961)

(68,457)

Total assets less current liabilities

 

(145,961)

(68,251)

Creditors: Amounts falling due after more than one year

7

(17,744)

(26,612)

Net liabilities

 

(163,705)

(94,863)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(163,706)

(94,864)

Shareholders' deficit

 

(163,705)

(94,863)

For the financial year ending 31 October 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.

 

Investment Management Partners Limited

(Registration number: 08273321)
Balance Sheet as at 31 October 2023

Approved and authorised by the director on 31 October 2024

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

Mr James Thornton-Dewhirst
Director

 

Investment Management Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Office 9
Wingate Square
London
SW4 0AF

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.

Judgements in applying accounting policies and key sources of estimates uncertainty and estimates

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

 

Investment Management Partners Limited

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

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.

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

Office Equipment

Straight Line at 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Investment Management Partners Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 3).

 

Investment Management Partners Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

5,358

5,358

At 31 October 2023

5,358

5,358

Depreciation

At 1 November 2022

5,152

5,152

Charge for the year

206

206

At 31 October 2023

5,358

5,358

Carrying amount

At 31 October 2023

-

-

At 31 October 2022

206

206

5

Stocks

2023
£

2022
£

Other inventories

52,132

25,253

6

Debtors

2023
£

2022
£

Prepayments

-

1,467

Other debtors

10,227

5,760

10,227

7,227

 

Investment Management Partners Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

8,872

9,849

Trade creditors

 

805

1,030

Taxation and social security

 

22,629

27,151

Accruals and deferred income

 

1,900

1,900

Other creditors

 

200,561

65,850

 

234,767

105,780

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

17,744

26,612

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         
 

Investment Management Partners Limited

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

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

17,744

26,612

2023
£

2022
£

Current loans and borrowings

Bank borrowings

8,872

9,849

10

Related party transactions

Other creditors include amounts owed to the Director of £178,144(2022: £42,748 ). The balance is repayable on demand.

Transactions with the director

2023

At 1 November 2022
£

Repayments by director
£

At 31 October 2023
£

Mr James Thornton-Dewhirst

Amounts owed (from)/ to the Director

42,748

135,396

178,144

       
     

 

2022

At 1 November 2021
£

Repayments by director
£

At 31 October 2022
£

Mr James Thornton-Dewhirst

Amounts owed (from)/ to the Director

12,764

29,985

42,748