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Registration number: 05691636

Industrial Investors Capital Management Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Industrial Investors Capital Management Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 6

 

Industrial Investors Capital Management Limited

Company Information

Director

J M McDonald

Registered office

78-79 Pall Mall
London
SW1Y 5ES

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Industrial Investors Capital Management Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

487

693

Current assets

 

Debtors

5

56,445

42,114

Cash at bank and in hand

 

61,411

52,134

 

117,856

94,248

Creditors: Amounts falling due within one year

6

(63,425)

(67,401)

Net current assets

 

54,431

26,847

Net assets

 

54,918

27,540

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

54,916

27,538

Shareholders' funds

 

54,918

27,540

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Industrial Investors Capital Management Limited has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 9 July 2025

.........................................

J M McDonald

Director


Company registration number: 05691636

 

Industrial Investors Capital Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
78-79 Pall Mall
London
SW1Y 5ES

The principal activity of the company during the year was the provision of administrative and management services.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets at the date of £54,918, including cash at bank of £61,411.

The director has considered the current economic conditions and his view is that they will have minimal effect on the company’s trade. The company has an ongoing contract and the director has no reason to believe this arrangement will change in the foreseeable future. Further, with the resources that the company has, the director believes that the company will be able to meet its working capital requirements as they fall due.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of consultancy services. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover is recognised in the period to which the services provided relate.

 

Industrial Investors Capital Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting rate, with any gains or losses being taken to the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Straight line

Computer equipment

33% Straight line

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Industrial Investors Capital Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company during the year, was 2 (2023 - 2).

4

Tangible assets

Equipment
 £

Total
£

Cost

At 1 January 2024

30,017

30,017

Additions

659

659

Disposals

(9,898)

(9,898)

At 31 December 2024

20,778

20,778

Depreciation

At 1 January 2024

29,324

29,324

Charge for the year

865

865

Eliminated on disposal

(9,898)

(9,898)

At 31 December 2024

20,291

20,291

Carrying amount

At 31 December 2024

487

487

At 31 December 2023

693

693

5

Debtors

2024
£

2023
£

Trade debtors

-

2,910

Other debtors

56,445

39,204

56,445

42,114

 

Industrial Investors Capital Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,052

391

Taxation and social security

13,290

21,285

Other creditors

41,083

45,725

63,425

67,401

7

Share capital

During the year ended 31 December 2024, the share premium reserve was £Nil as the company reduced capital in the prior year by cancelling the share premium reserve and releasing this to the profit and loss account.

8

Dividends

During the year ended 31 December 2024, dividends of £Nil (2023: £688,419) were declared and paid.