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REGISTERED NUMBER: 10508426 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024

FOR

IMHOTEP MUSIC INVESTMENTS LIMITED

IMHOTEP MUSIC INVESTMENTS LIMITED (REGISTERED NUMBER: 10508426)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IMHOTEP MUSIC INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024







DIRECTOR: P C Okogwu





REGISTERED OFFICE: Suite 1, Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB





REGISTERED NUMBER: 10508426 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

IMHOTEP MUSIC INVESTMENTS LIMITED (REGISTERED NUMBER: 10508426)

BALANCE SHEET
29 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 256,361 256,361

CURRENT ASSETS
Debtors 6 4,294 4,294
Investments 7 281,754 278,081
286,048 282,375
CREDITORS
Amounts falling due within one year 8 526,650 526,229
NET CURRENT LIABILITIES (240,602 ) (243,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,759

12,507

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,758 12,506
15,759 12,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





P C Okogwu - Director


IMHOTEP MUSIC INVESTMENTS LIMITED (REGISTERED NUMBER: 10508426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024

1. STATUTORY INFORMATION

Imhotep Music Investments 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to give financial support to the company for a period of at least twelve months from the date of signing these financial statements.

On this basis, the director has considered it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate

Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Other investment assets are measured at cost less accumulated impairment.

IMHOTEP MUSIC INVESTMENTS LIMITED (REGISTERED NUMBER: 10508426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 256,361 256,361

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2023
and 29 March 2024 8,841
NET BOOK VALUE
At 29 March 2024 8,841
At 31 March 2023 8,841

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other fixed asset investments 247,520 247,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,294 4,294

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 268,689 248,513
Unlisted investments 13,065 29,568
281,754 278,081

Listed investments are non-convertible ordinary shares listed on the London Stock Exchange measured at fair value through profit or loss. At the balance sheet date, the quoted market price amounted to £268,689.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 4,889
Other creditors 526,650 521,340
526,650 526,229

9. RELATED PARTY DISCLOSURES

Included in creditors at the balance sheet date is an amount of £523,073 (2023: £515,963) due to a company owned and controlled by the director. The amount is in respect of expenses borne on behalf of and cash advanced to the company. This amount is unsecured, interest free and repayable on demand.

Also included in creditors at the balance sheet date is an amount of £1,776 (2023: £1,776) due to an entity controlled by the director. The amount is in respect of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.