REGISTERED NUMBER: 00105383 (England and Wales)

INTERNATIONAL MEAT TRADE ASSOCIATION

INCORPORATED(THE)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Ms M A Boanas

Mr B Chick

Mr J Whitlam

Mr J W Ressell

Mr R W Haesakkers

Mr G A W Harmer

Mr M D Glass

Mr S Davies

Mr S Tyndall

Mr M D Alcorn

Mr M Flood

Mr D J Dwyer

Mr N J Sherwood

Mr T G Goddard

Mr M Ryder

Mr D D Mackintosh

Mr S J G Durand

Mrs E J Wright

Mr B J Gillam

Mr B De Souza

SECRETARY:

Ms K Doherty

REGISTERED OFFICE:

Suite A & B

Second Floor

79a Charterhouse Street

London

EC1M 6HJ

REGISTERED NUMBER:

00105383 (England and Wales)

AUDITORS:

Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

8,428

9,550

CURRENT ASSETS

Debtors

5

1,066

11,614

Prepayments and accrued income

4,275

5,515

Cash at bank

377,721

355,845

383,062

372,974

CREDITORS

Amounts falling due within one year

6

(56,194

)

(53,130

)

NET CURRENT ASSETS

326,868

319,844

TOTAL ASSETS LESS CURRENT LIABILITIES

335,296

329,394

RESERVES

Income and expenditure account

335,296

329,394

335,296

329,394

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 5 September 2025 and were signed on its behalf by:

Ms M A Boanas - Director

1.	STATUTORY INFORMATION

International Meat Trade Association Incorporated(The) is a private company, limited by guarantee , 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The Directors have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

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.

Fixture & Fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixture &

Computer

Fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

14,146

17,204

31,350

Additions

-

1,208

1,208

At 31 December 2024

14,146

18,412

32,558

DEPRECIATION

At 1 January 2024

10,549

11,251

21,800

Charge for year

540

1,790

2,330

At 31 December 2024

11,089

13,041

24,130

NET BOOK VALUE

At 31 December 2024

3,057

5,371

8,428

At 31 December 2023

3,597

5,953

9,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

10,030

VAT

1,066

1,584

1,066

11,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation Tax

1,565

-

Social security and other taxes

-

1,224

Accruals and deferred income

17,127

-

Sundry creditors and accrued expenses

37,502

51,906

56,194

53,130

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)

for and on behalf of Spurling Cannon Audit Limited

8.

GUARANTEE

The members of the company have agreed to contribute £5 each to the assets of the company in the event of it being wound up.

9.

TITLE

The Association is exempt, pursuant to Section 30 of the Companies Act 1985, from the inclusion of the word Limited in its title.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)

for an on behalf of Spurling Cannon Audit Limited