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Registration number: 10781799

Iatro Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Iatro Limited
(Registration number: 10781799)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Iatro Limited
(Registration number: 10781799)

Company Information

Directors

Mr C E Richman

Mr J Kerr

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Iatro Limited
(Registration number: 10781799)

Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

55

-

Cash at bank and in hand

 

6,563

7,856

 

6,618

7,856

Creditors: Amounts falling due within one year

5

(38,708)

(38,345)

Net liabilities

 

(32,090)

(30,489)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(32,190)

(30,589)

Shareholders' deficit

 

(32,090)

(30,489)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr C E Richman
Director

.........................................
Mr J Kerr
Director

 

Iatro Limited
(Registration number: 10781799)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities. Included within creditors due within one year are amounts owed to a connected company which will remain available for the foreseeable future. The directors believe the company will be able to settle all future liabilities as they fall due and the financial statements have therefore been prepared on the going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Branding

20% straight line basis

Patents

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Iatro Limited
(Registration number: 10781799)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Intangible assets

Trademarks, patents and licenses
 £

Branding
 £

Total
£

Cost or valuation

At 1 January 2024

2,500

1,532

4,032

At 31 December 2024

2,500

1,532

4,032

Amortisation

At 1 January 2024

2,500

1,532

4,032

At 31 December 2024

2,500

1,532

4,032

Carrying amount

At 31 December 2024

-

-

-

 

Iatro Limited
(Registration number: 10781799)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

37,608

37,595

Accrued expenses

 

1,100

750

 

38,708

38,345

6

Parent and ultimate parent undertaking

The company's immediate parent is RX-Info Holdings Limited, incorporated in England & Wales.

 The ultimate controlling party is C Richman.