Acorah Software Products - Accounts Production 16.3.350 false true false 15 August 2023 31 December 2024 31 December 2024 15074078 Mr Brian Cahalane Mr Paul Irwin Mr Owen Tracey Mr Craig Cohen Elemental Company Secretary Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15074078 2023-08-14 15074078 2024-12-31 15074078 2023-08-15 2024-12-31 15074078 frs-core:CurrentFinancialInstruments 2024-12-31 15074078 frs-core:ComputerEquipment 2024-12-31 15074078 frs-core:ComputerEquipment 2023-08-15 2024-12-31 15074078 frs-core:ComputerEquipment 2023-08-14 15074078 frs-core:PlantMachinery 2024-12-31 15074078 frs-core:PlantMachinery 2023-08-15 2024-12-31 15074078 frs-core:PlantMachinery 2023-08-14 15074078 frs-core:SharePremium 2024-12-31 15074078 frs-core:ShareCapital 2024-12-31 15074078 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15074078 frs-bus:PrivateLimitedCompanyLtd 2023-08-15 2024-12-31 15074078 frs-bus:FilletedAccounts 2023-08-15 2024-12-31 15074078 frs-bus:SmallEntities 2023-08-15 2024-12-31 15074078 frs-bus:AuditExempt-NoAccountantsReport 2023-08-15 2024-12-31 15074078 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-15 2024-12-31 15074078 frs-bus:Director1 2023-08-15 2024-12-31 15074078 frs-bus:Director2 2023-08-15 2024-12-31 15074078 frs-bus:Director3 2023-08-15 2024-12-31 15074078 frs-bus:Director4 2023-08-15 2024-12-31 15074078 frs-bus:CompanySecretary1 2023-08-15 2024-12-31 15074078 frs-countries:EnglandWales 2023-08-15 2024-12-31
Registered number: 15074078
International Residential Media Ltd
Unaudited Financial Statements
For the Period 15 August 2023 to 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15074078
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 180,652
180,652
CURRENT ASSETS
Debtors 5 51,187
Cash at bank and in hand 193,582
244,769
Creditors: Amounts Falling Due Within One Year 6 (363,765 )
NET CURRENT ASSETS (LIABILITIES) (118,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES 61,656
NET ASSETS 61,656
CAPITAL AND RESERVES
Called up share capital 7 113
Share premium account 1,177,070
Profit and Loss Account (1,115,527 )
SHAREHOLDERS' FUNDS 61,656
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brian Cahalane
Director
12 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
International Residential Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15074078 . The registered office is D186 The Modern, 1 Viaduct Gardens, London, SW11 7EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 15 August 2023 239,204 1,665 240,869
As at 31 December 2024 239,204 1,665 240,869
Depreciation
As at 15 August 2023 - - -
Provided during the period 59,801 416 60,217
As at 31 December 2024 59,801 416 60,217
Net Book Value
As at 31 December 2024 179,403 1,249 180,652
As at 15 August 2023 239,204 1,665 240,869
Page 2
Page 3
5. Debtors
31 December 2024
£
Due within one year
Other debtors 9,567
VAT 41,620
51,187
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 192,976
Other taxes and social security 99,278
Net wages 19,435
Other creditors 52,076
363,765
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 113
Page 3