Company Registration No. 12217004 (England and Wales)
IRIN UK LTD
Unaudited accounts
for the year ended 30 September 2024
IRIN UK LTD
Unaudited accounts
Contents
IRIN UK LTD
Company Information
for the year ended 30 September 2024
Company Number
12217004 (England and Wales)
Registered Office
257 Woodstock Road
Oxford
Oxfordshire
OX2 7AE
England
Accountants
FURUICHOI & CO
Chartered Accountants
69 Station Road
Hampton
Greater London
TW12 2BT
IRIN UK LTD
Statement of financial position
as at 30 September 2024
Tangible assets
4,560
6,236
Cash at bank and in hand
4,944
5,287
Creditors: amounts falling due within one year
(17,458)
(16,198)
Net current liabilities
(12,514)
(10,911)
Total assets less current liabilities
(7,954)
(4,675)
Creditors: amounts falling due after more than one year
(225,750)
(172,750)
Net liabilities
(233,704)
(177,425)
Called up share capital
100
100
Profit and loss account
(233,804)
(177,525)
Shareholders' funds
(233,704)
(177,425)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 January 2025 and were signed on its behalf by
Mrs AHMY CHO
Director
Company Registration No. 12217004
IRIN UK LTD
Notes to the Accounts
for the year ended 30 September 2024
IRIN UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12217004. The registered office is 257 Woodstock Road, Oxford, Oxfordshire, OX2 7AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
30% reducing balance
Computer equipment
25% reducing balance
The director has reasonable expectation that the Company has adequate resources from its parent company in South Korea to continue in operational existence for the foreseeable future. Accordingly, they have prepared the financial statements under the going concern basis.
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IRIN UK LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
12,063
5,683
17,746
At 30 September 2024
12,206
5,683
17,889
At 1 October 2023
7,714
3,796
11,510
Charge for the year
1,347
472
1,819
At 30 September 2024
9,061
4,268
13,329
At 30 September 2024
3,145
1,415
4,560
At 30 September 2023
4,349
1,887
6,236
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
13,979
13,979
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
225,750
172,750
The parent entity in South Korea has funded GBP 225,750 into its UK subsidiary since incorporated in the UK.
WORKPLACE PENSIONS
The company operates an occupational pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
By virtue of its relevant legal entity's 100% shareholding the immediate parent undertaking is EVER IB LLC. (805-86-00530), a business incorporated in Korea with its registered address at 508, Gaepo-ro, Gangnam-gu, Seoul, South Korea.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).