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REGISTERED NUMBER: 10581801 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

INTERESTME ADVISERS LIMITED

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




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 2025

2025 2024
£    £   

REVENUE 1,219,189 900,346

Cost of sales 2,843 9,083
GROSS PROFIT 1,216,346 891,263

Administrative expenses 1,154,923 1,143,013
OPERATING PROFIT/(LOSS) 61,423 (251,750 )


Interest payable and similar expenses 9,311 3,858
PROFIT/(LOSS) BEFORE TAXATION 52,112 (255,608 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 52,112 (255,608 )

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,090,622 2,705,589
Property, plant and equipment 5 8,467 13,104
3,099,089 2,718,693

CURRENT ASSETS
Debtors 6 71,326 46,543
Cash at bank 16,080 431
87,406 46,974
CREDITORS
Amounts falling due within one year 7 272,215 194,258
NET CURRENT LIABILITIES (184,809 ) (147,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,914,280

2,571,409

CREDITORS
Amounts falling due after more than one year 8 2,041,030 1,750,271
NET ASSETS 873,250 821,138

CAPITAL AND RESERVES
Called up share capital 2,161,804 2,161,804
Retained earnings (1,288,554 ) (1,340,666 )
873,250 821,138

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 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 1 April 2025 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 2025

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 2025

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2024 - 12 ) .

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2024 3,751,296 78,750 3,830,046
Additions 1,066,732 27,000 1,093,732
Impairment (482,651 ) - (482,651 )
At 31 January 2025 4,335,377 105,750 4,441,127
AMORTISATION
At 1 February 2024 1,099,210 25,247 1,124,457
Charge for year 206,361 19,687 226,048
At 31 January 2025 1,305,571 44,934 1,350,505
NET BOOK VALUE
At 31 January 2025 3,029,806 60,816 3,090,622
At 31 January 2024 2,652,086 53,503 2,705,589

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 February 2024 18,074
Additions 1,388
At 31 January 2025 19,462
DEPRECIATION
At 1 February 2024 4,970
Charge for year 6,025
At 31 January 2025 10,995
NET BOOK VALUE
At 31 January 2025 8,467
At 31 January 2024 13,104

INTERESTME ADVISERS LIMITED (REGISTERED NUMBER: 10581801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 5,901
DEPRECIATION
At 1 February 2024 2,317
Charge for year 1,967
At 31 January 2025 4,284
NET BOOK VALUE
At 31 January 2025 1,617
At 31 January 2024 3,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 43,176 26,231
Other debtors 28,150 20,312
71,326 46,543

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 3,500 3,500
Hire purchase contracts 222 -
Trade creditors 42,485 29,177
Taxation and social security 98,309 154,134
Other creditors 127,699 7,447
272,215 194,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 24,985 29,746
Hire purchase contracts - 1,324
Amounts owed to group undertakings 845,215 791,570
Other creditors 1,170,830 927,631
2,041,030 1,750,271

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.