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Registered Number: 03308603
England and Wales

 

 

 

INDEPENDENT HOSPITALITY MARKETING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 December 2024
Directors John Waldron
Ciaran Lynch
Registered Number 03308603
Registered Office 20 Church Road
Horspath
Oxford
OX33 1RU
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
Secretary John Waldron
1
 

 
Notes

 
2024
£

  2024
£
(as restated)
Fixed assets      
Tangible fixed assets 3 4,432    6,908 
4,432    6,908 
Current assets      
Debtors 4 540,228    3,354 
Cash at bank and in hand 131,912    461,410 
672,140    464,764 
Creditors: amount falling due within one year 5 (234,538)   (91,611)
Net current assets 437,602    373,153 
 
Total assets less current liabilities 442,034    380,061 
Accruals and deferred income (21,770)   (39,209)
Net assets 420,264    340,852 
 

Capital and reserves
     
Called up share capital 6 2    2 
Profit and loss account 420,262    340,850 
Shareholders' funds 420,264    340,852 
 


For the period ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 April 2025 and were signed on its behalf by:


-------------------------------
John Waldron
Director
2
General Information
Independent Hospitality Marketing Limited is a private company, limited by shares, registered in England and Wales, registration number 03308603, registration address 20 Church Road, Horspath, Oxford, OX33 1RU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Change in accounting policy
There has been a change in how Revenue is now recognised in the accounts, with the Gross amount of sales income being recognised as turnover, rather than the margin as previously recorded. This is because the company is acting as a Principal rather than an agent, and retains the risk and service on the sale of the packages with the end user.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 3 (2024 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 February 2024 81,861    7,870    89,731 
Additions   285    285 
Disposals    
At 31 December 2024 81,861    8,155    90,016 
Depreciation
At 01 February 2024 80,579    2,244    82,823 
Charge for period 294    2,467    2,761 
On disposals    
At 31 December 2024 80,873    4,711    85,584 
Net book values
Closing balance as at 31 December 2024 988    3,444    4,432 
Opening balance as at 01 February 2024 1,282    5,626    6,908 


4.

Debtors: amounts falling due within one year

2024
£
  2024
£
Trade Debtors 656    1,946 
Prepayments & Accrued Income 1,271    1,408 
Other Debtors 538,301   
540,228    3,354 

5.

Creditors: amount falling due within one year

2024
£
  2024
£
Trade Creditors 188,360    305 
Corporation Tax 26,786    53,245 
Accrued Expenses 17,725    33,103 
Other Creditors 2,099    639 
Directors' Current Accounts   5,847 
VAT Control Account (432)   (1,528)
234,538    91,611 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2024
£
2 Ordinary shares of £1.00 each  
 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2024
£
 2024
£
 2024
£
Kleeman Tours Ltd(188,000)(188,000)

There were management fees of £188,000 charged to Independent Hospitality Marketing Limited by Kleeman Tours Ltd, a firm under the control of the Directors, within the year. £188,000 is outstanding at the period end.
3