Company No:
Contents
| Director | G Mckeown (Resigned 03 June 2024) |
| P M Van Der Made (Appointed 27 March 2024) |
| Registered office | 2nd Floor 168 Shoreditch High Street |
| London | |
| E1 6RA | |
| United Kingdom |
| Company number | 09299215 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 2nd Floor | |
| 168 Shoreditch High Street | |
| London | |
| E1 6RA |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Imprima iRooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Imprima iRooms Limited. You consider that Imprima iRooms Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Imprima iRooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
168 Shoreditch High Street
London
E1 6RA
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| 7,547 | 11,227 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 390,956 | 527,975 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (7,104) | (1,019,275) | ||
| Total assets less current liabilities | 443 | (1,008,048) | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Capital redemption reserve |
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| Profit and loss account | 11 | (
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| Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Imprima iRooms Limited (registered number:
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P M Van Der Made
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Imprima iRooms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements have been prepared on a going concern basis despite the company reporting net current liabilities of £7,104 (2023: £1,019,275) and net liabilities of £3,724 (2023: £1,022,221). The director has considered the position of the company and believes it to be a going concern and that the company will be able to meet its liabilities as they fall due for the foreseeable future and for a period of at least twelve months from the date of approval of the financial statements.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Computer software |
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| Development costs |
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| Office equipment |
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| Computer equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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| Monthly average number of persons employed by the Company during the year, including the director |
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| Computer software | Development costs | Total | |||
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| Cost | |||||
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| Accumulated amortisation | |||||
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| At 31 December 2024 |
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| Net book value | |||||
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| At 31 December 2023 |
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| Office equipment | Computer equipment | Total | |||
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| Cost | |||||
| At 01 January 2024 |
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| Additions |
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| Accumulated depreciation | |||||
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| Charge for the financial year |
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| At 31 December 2024 |
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| Net book value | |||||
| At 31 December 2024 |
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| At 31 December 2023 |
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| £ | £ | ||
| Trade debtors |
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| Amounts owed by Group undertakings |
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| Prepayments |
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| VAT recoverable |
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| Corporation tax |
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| Other debtors |
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| £ | £ | ||
| Bank loans |
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| Trade creditors |
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| Amounts owed to Group undertakings |
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| Accruals and deferred income |
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| Other taxation and social security |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans |
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| £ | £ | ||
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Pensions
The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £61,406 (2023: £40,323).
Contributions totalling £3,001 (2023: £4,723) were payable to the fund at the balance sheet date and are included in creditors.
At the year end, the company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 Section 1a '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.
Profit and loss account
The Profit and loss account comprises all current and prior period retained profits and losses.
Share Capital
This represents the nominal value of shares that have been issued by the company.
Capital redemption reserve
During the year, the parent company provide an addition capital contribution of £985,276 by capitalising an intercompany loan account held with the company.
Parent Company:
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| a company incorporated in the Netherlands. |