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COMPANY REGISTRATION NUMBER: 15747509
Imagineear Group Limited
Filleted Unaudited Financial Statements
31 December 2024
Imagineear Group Limited
Statement of Financial Position
31 December 2024
31 Dec 24
Note
£
Fixed assets
Investments
4
9,452,179
Current assets
Debtors
5
1,183,141
------------
Net current assets
1,183,141
-------------
Total assets less current liabilities
10,635,320
-------------
Capital and reserves
Called up share capital
6
4,708,385
Share premium account
6,035,215
Profit and loss account
( 108,280)
-------------
Shareholders funds
10,635,320
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
A Nugée
Director
Company registration number: 15747509
Imagineear Group Limited
Notes to the Financial Statements
Period from 29 May 2024 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in group undertakings
£
Cost
At 29 May 2024
Additions
9,452,179
------------
At 31 December 2024
9,452,179
------------
Impairment
At 29 May 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
9,452,179
------------
The above amount represents a 100% holding in Imagineear Limited. TO ADD IN RESULTS OF SUB.
5. Debtors
31 Dec 24
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,183,141
------------
6. Called up share capital
During the period, the company issued 5,599,958 equity shares for a total consideration of £10,743,600.
7. Controlling party
In the opinion of the directors, there is no one controlling party - TO CONFIRM.