IRIS Accounts Production v25.1.3.33 06203174 director 1.10.23 30.9.24 30.9.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062031742023-09-30062031742024-09-30062031742023-10-012024-09-30062031742022-09-30062031742022-10-012023-09-30062031742023-09-3006203174ns15:EnglandWales2023-10-012024-09-3006203174ns14:PoundSterling2023-10-012024-09-3006203174ns10:Director12023-10-012024-09-3006203174ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006203174ns10:SmallEntities2023-10-012024-09-3006203174ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006203174ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006203174ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006203174ns10:FullAccounts2023-10-012024-09-3006203174ns10:CompanySecretary12023-10-012024-09-3006203174ns10:RegisteredOffice2023-10-012024-09-3006203174ns5:CurrentFinancialInstruments2024-09-3006203174ns5:CurrentFinancialInstruments2023-09-3006203174ns5:ShareCapital2024-09-3006203174ns5:ShareCapital2023-09-3006203174ns5:RetainedEarningsAccumulatedLosses2024-09-3006203174ns5:RetainedEarningsAccumulatedLosses2023-09-3006203174ns5:CostValuation2023-09-3006203174ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006203174ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 06203174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

INTER FRANCHISE LIMITED

INTER FRANCHISE LIMITED (REGISTERED NUMBER: 06203174)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INTER FRANCHISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: W N Samarasekara





SECRETARY:





REGISTERED OFFICE: Suite 1B
Quadrant House North
65 Croydon Road
Caterham
Surrey
CR3 6PB





REGISTERED NUMBER: 06203174 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
Suite 1B
Quadrant House North
65 Croydon Road
Caterham
Surrey
CR3 6PB

INTER FRANCHISE LIMITED (REGISTERED NUMBER: 06203174)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investments 4 1,000 1,000

CURRENT ASSETS
Debtors 5 538,793 538,793
Cash at bank 21 21
538,814 538,814
CREDITORS
Amounts falling due within one year 6 (434,312 ) (434,312 )
NET CURRENT ASSETS 104,502 104,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,502

105,502

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 104,502 104,502
SHAREHOLDERS' FUNDS 105,502 105,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 16 June 2025 and were signed by:





W N Samarasekara - Director


INTER FRANCHISE LIMITED (REGISTERED NUMBER: 06203174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Inter Franchise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Judgements and key sources of estimation uncertainty
The director has made key assumptions in the determination of the fair value of certain financial assets in respect to loans provided to related companies. The valuation method utilised was discounted cash flows with an interest rate of 4%.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

INTER FRANCHISE LIMITED (REGISTERED NUMBER: 06203174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1,000
NET BOOK VALUE
At 30 September 2024 1,000
At 30 September 2023 1,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 465,793 465,793
Other debtors 73,000 73,000
538,793 538,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed to group undertakings 434,946 434,946
Other creditors (634 ) (634 )
434,312 434,312

7. RELATED PARTY DISCLOSURES

Included in Other Debtors are amounts owed to the following related party companies:

Speedcom Ltd: £10,000 (2019:10,000)
Speedcom Holdings Ltd: £455,793 (2019: £455,793)

Included in Other Creditors are amounts from the following related party company:

Franchise Int Ltd: £438,526 (2019: £438,526)

All companies above are deemed to be as related parties by way of common ownership.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Speedcom Holdings Ltd.

The ultimate controlling party is W N Samarasekara.