REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
FOR |
INVESTMENT ASSET MANAGEMENT LIMITED |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
FOR |
INVESTMENT ASSET MANAGEMENT LIMITED |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
INVESTMENT ASSET MANAGEMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
ABRIDGED BALANCE SHEET |
29 DECEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
ABRIDGED BALANCE SHEET - continued |
29 DECEMBER 2024 |
The financial statements were approved by the director and authorised for issue on |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Investment Asset Management Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in associates |
Investments in associate 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 balance sheet date. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 30 December 2023 |
and 29 December 2024 | 20,000 |
NET BOOK VALUE |
At 29 December 2024 | 20,000 |
At 29 December 2023 | 20,000 |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Registered office: C/O Michael Filiou Ltd, Salisbuy House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS |
Nature of business: |
% |
Class of shares: | holding |
The company holds 20% of the issued share capital of Rina Prime Value Services International (UK) Ltd. As at the year end, a dividend of £240,000 was receivable from this fixed asset investment. |
6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by associates |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
8. | RELATED PARTY DISCLOSURES |
Concept Design 95 Ltd |
The director, Mr Luciano Capaldo controls Concept Design 95 Ltd by virtue of the fact he owns 100% of its issued share capital. |
At the balance sheet date, Investment Asset Management Limited was owed £44,625 (2023 - £9,625) by Concept Design 95 Ltd. |
Rina Prime Value Services International Ltd |
Rina Prime Values Services International Ltd is an associated company by virtue of the fact the company holds 20% of the issued share capital of Rina Prime Values Services International Ltd. |
As at the balance sheet date, the company was owed £230,000 (2023 - £38,271) by Rina Prime Value Services International Ltd. |
INVESTMENT ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08029740) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 DECEMBER 2024 |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr Luciano Capaldo. |
The director, Mr. Luciano Capaldo, is considered to be the ultimate controlling party by virtue of the fact he owns 100% of the issued share capital. |