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REGISTERED NUMBER: 10581801 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

INTERESTME ADVISERS LIMITED

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Income Statement 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
£    £   

REVENUE 900,346 587,983

Cost of sales 9,083 11,702
GROSS PROFIT 891,263 576,281

Administrative expenses 1,143,013 840,535
OPERATING LOSS (251,750 ) (264,254 )


Interest payable and similar expenses 3,858 973
LOSS BEFORE TAXATION (255,608 ) (265,227 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (255,608 ) (265,227 )

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,705,589 2,582,918
Property, plant and equipment 5 13,104 7,098
2,718,693 2,590,016

CURRENT ASSETS
Debtors 6 46,543 64,850
Cash at bank 431 17,669
46,974 82,519
CREDITORS
Amounts falling due within one year 7 194,258 68,785
NET CURRENT (LIABILITIES)/ASSETS (147,284 ) 13,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,571,409

2,603,750

CREDITORS
Amounts falling due after more than one year 8 1,750,271 1,527,004
NET ASSETS 821,138 1,076,746

CAPITAL AND RESERVES
Called up share capital 2,161,804 2,161,804
Retained earnings (1,340,666 ) (1,085,058 )
821,138 1,076,746

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 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 and delivered 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 30 October 2024 and were signed by:





Mr C P Long - Director


INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

InterestMe Advisers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10581801

Registered office: 6th Floor, Lloyds Avenue House
6 Lloyds Avenue
London
EC3N 3AX

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


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Revenue is recognised when services are rendered to the customers.

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.

Goodwill is being amortised over a period of 10 years.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Computer equipment - 33% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.


INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.


Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023 3,280,172 51,750 3,331,922
Additions 1,013,584 27,000 1,040,584
Adjustment (542,460 ) - (542,460 )
At 31 January 2024 3,751,296 78,750 3,830,046
AMORTISATION
At 1 February 2023 740,836 8,168 749,004
Charge for year 358,374 17,079 375,453
At 31 January 2024 1,099,210 25,247 1,124,457
NET BOOK VALUE
At 31 January 2024 2,652,086 53,503 2,705,589
At 31 January 2023 2,539,336 43,582 2,582,918

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 February 2023 9,074
Additions 9,000
At 31 January 2024 18,074
DEPRECIATION
At 1 February 2023 1,976
Charge for year 2,994
At 31 January 2024 4,970
NET BOOK VALUE
At 31 January 2024 13,104
At 31 January 2023 7,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,231 53,928
Other debtors 20,312 10,922
46,543 64,850

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,500 3,500
Trade creditors 29,177 9,515
Taxation and social security 154,134 45,762
Other creditors 7,447 10,008
194,258 68,785

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,746 31,188
Hire purchase contracts 1,324 2,097
Amounts owed to group undertakings 791,570 529,212
Other creditors 927,631 964,507
1,750,271 1,527,004

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other creditors less than one year is an amount of £925 (2023: £11) due to the director of the company. The amount is interest-free and repayable on demand.