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REGISTERED NUMBER: 13032522 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

IM HOSPITALITY LTD

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IM HOSPITALITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: I Cufi
M Note





REGISTERED OFFICE: 1 Sheep Market
Sheep Market
Stamford
PE9 2QZ





REGISTERED NUMBER: 13032522 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 83,601 92,145

CURRENT ASSETS
Stocks 4 3,000 3,000
Debtors 5 97,764 15,455
Cash at bank and in hand 187,857 189,253
288,621 207,708
CREDITORS
Amounts falling due within one year 6 185,722 157,489
NET CURRENT ASSETS 102,899 50,219
TOTAL ASSETS LESS CURRENT LIABILITIES 186,500 142,364

PROVISIONS FOR LIABILITIES 7 13,633 15,611
NET ASSETS 172,867 126,753

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 172,865 126,751
SHAREHOLDERS' FUNDS 172,867 126,753

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

BALANCE SHEET - continued
30 NOVEMBER 2024


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




I Cufi - Director



M Note - Director


IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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


1. 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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


1. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 47,454 64,077 2,700
Additions - 1,950 1,621
At 30 November 2024 47,454 66,027 4,321
DEPRECIATION
At 1 December 2023 2,777 33,257 540
Charge for year 949 7,949 339
At 30 November 2024 3,726 41,206 879
NET BOOK VALUE
At 30 November 2024 43,728 24,821 3,442
At 30 November 2023 44,677 30,820 2,160

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 23,980 2,641 140,852
Additions - 1,022 4,593
At 30 November 2024 23,980 3,663 145,445
DEPRECIATION
At 1 December 2023 10,491 1,642 48,707
Charge for year 3,372 528 13,137
At 30 November 2024 13,863 2,170 61,844
NET BOOK VALUE
At 30 November 2024 10,117 1,493 83,601
At 30 November 2023 13,489 999 92,145

4. STOCKS
2024 2023
£    £   
Stocks 3,000 3,000

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 93,543 -
Other debtors 3,510 3,510
Just Eat Control Account 711 2,466
Prepayments - 9,479
97,764 15,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,742 18,387
Corporation tax 46,128 5,148
Social security and other taxes 4,812 4,069
Pensions Payable 944 907
Net Wages 221 -
VAT 31,967 33,954
IM Hospitality Credit Card 25 25
Directors' current accounts 98,883 94,769
Accrued expenses - 230
185,722 157,489

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,633 15,611

Deferred
tax
£   
Balance at 1 December 2023 15,611
Provided during year (1,978 )
Balance at 30 November 2024 13,633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A 1 1 2
1 Ordinary B 1 1 -
2 2

IM HOSPITALITY LTD (REGISTERED NUMBER: 13032522)

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


9. RESERVES
Retained
earnings
£   

At 1 December 2023 126,751
Profit for the year 128,578
Dividends (82,464 )
At 30 November 2024 172,865

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the company owed a director M Note £72,061 (2023 : £69,208). This loan is unsecured, interest free and repayable on demand.

As at the balance sheet date, the company owed a director I Cufi £26,823 (2023 : £25,561 ). This loan is unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

As at the year end, the company was owed £113,543 (2023 £Nil) by IMASSETS LTD a connected company. This loan is unsecured, interest free and repayable on demand. The balance is included within other debtors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr I Cufi and MN Catering Ltd by virtue of their 50:50 shareholding.