IRIS Accounts Production v25.1.0.734 11661370 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116613702023-12-31116613702024-12-31116613702024-01-012024-12-31116613702022-10-31116613702022-11-012023-12-31116613702023-12-3111661370ns15:EnglandWales2024-01-012024-12-3111661370ns14:PoundSterling2024-01-012024-12-3111661370ns10:Director12024-01-012024-12-3111661370ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111661370ns10:SmallEntities2024-01-012024-12-3111661370ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111661370ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111661370ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111661370ns10:FullAccounts2024-01-012024-12-3111661370ns5:CurrentFinancialInstruments2024-12-3111661370ns5:CurrentFinancialInstruments2023-12-3111661370ns5:ShareCapital2024-12-3111661370ns5:ShareCapital2023-12-3111661370ns5:SharePremium2024-12-3111661370ns5:SharePremium2023-12-3111661370ns5:RetainedEarningsAccumulatedLosses2024-12-3111661370ns5:RetainedEarningsAccumulatedLosses2023-12-3111661370ns10:RegisteredOffice2024-01-012024-12-3111661370ns5:ComputerEquipment2024-01-012024-12-3111661370ns5:ComputerEquipment2023-12-3111661370ns5:ComputerEquipment2024-12-3111661370ns5:ComputerEquipment2023-12-3111661370ns5:CostValuation2023-12-3111661370ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111661370ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-311166137012024-01-012024-12-31
REGISTERED NUMBER: 11661370 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IVO MEDIA HOLDINGS LTD

IVO MEDIA HOLDINGS LTD (REGISTERED NUMBER: 11661370)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


IVO MEDIA HOLDINGS LTD (REGISTERED NUMBER: 11661370)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,671 7,928
Investments 5 2 2
5,673 7,930

CURRENT ASSETS
Debtors 6 879,618 686,610
Cash at bank 550,145 525,089
1,429,763 1,211,699
CREDITORS
Amounts falling due within one year 7 178,440 129,892
NET CURRENT ASSETS 1,251,323 1,081,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,256,996

1,089,737

CAPITAL AND RESERVES
Called up share capital 116 116
Share premium 149,923 149,923
Retained earnings 1,106,957 939,698
1,256,996 1,089,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





M J Pavey - Director


IVO MEDIA HOLDINGS LTD (REGISTERED NUMBER: 11661370)

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


1. STATUTORY INFORMATION

IVO Media Holdings Ltd 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: 11661370

Registered office: 60 St. Martin's Lane
London
WC2N 4JS

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.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is
reduced for estimated customer returns, rebates and other similar allowances.

Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

IVO MEDIA HOLDINGS LTD (REGISTERED NUMBER: 11661370)

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


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 12,500
Additions 1,042
At 31 December 2024 13,542
DEPRECIATION
At 1 January 2024 4,572
Charge for year 3,299
At 31 December 2024 7,871
NET BOOK VALUE
At 31 December 2024 5,671
At 31 December 2023 7,928

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,256 252,171
Amounts owed by group undertakings 634,755 431,743
Other debtors 12,607 2,696
879,618 686,610

IVO MEDIA HOLDINGS LTD (REGISTERED NUMBER: 11661370)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,700 23,551
Taxation and social security 148,109 99,109
Other creditors 4,631 7,232
178,440 129,892

8. POST BALANCE SHEET EVENTS

On 1 January 2025, the company completed a hive down transaction whereby certain assets, liabilities and operations of the company were transfered to a subsidiary.The hive down took place after the balance sheet date but before the financial statements were approved by the directors.