| Immages Limited |
| Registered number: |
03643752 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
656,470 |
|
|
656,470 |
|
| Current assets |
| Cash at bank and in hand |
|
|
8,825 |
|
|
2,333 |
|
| Creditors: amounts falling due within one year |
4 |
|
(477,883) |
|
|
(364,710) |
|
| Net current liabilities |
|
|
|
(469,058) |
|
|
(362,377) |
|
| Total assets less current liabilities |
|
|
|
187,412 |
|
|
294,093 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(121,384) |
|
|
(239,029) |
|
|
|
| Net assets |
|
|
|
66,028 |
|
|
55,064 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
65,928 |
|
|
54,964 |
|
| Shareholders' funds |
|
|
|
66,028 |
|
|
55,064 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Ian Michael Barnes |
| Director |
| Approved by the board on 17 September 2025 |
|
| Immages Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration for rent receivable, net of discounts and value added taxes. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. |
|
|
Investment Properties |
|
Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at at their fair values based on market value determined by Directors annually. The difference between the fair value of an investment at the reporting date and its carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
|
|
|
|
|
|
|
|
Investment Properties |
|
| £ |
|
Cost |
|
At 1 January 2024 |
656,470 |
|
|
At 31 December 2024 |
656,470 |
|
|
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director. The director having suitable knowledge and experience considered the above valuation to be a fair reflection of the value of the investment property as at 31 December 2024. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
1,500 |
|
- |
|
Taxation and social security costs |
1,736 |
|
- |
|
Other creditors |
474,647 |
|
364,710 |
|
|
|
|
|
|
477,883 |
|
364,710 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
121,384 |
|
239,029 |
|
|
|
|
|
|
|
|
|
|
The aggregate amount of creditors for which security has been given amounted to £121,384. These amounts have been secured against the investment properties of the company. |
|
| 6 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
121,384 |
|
239,029 |
|
|
|
|
|
|
|
|
|
|
[Give an indication of the nature and form of the security for the bank loans] |
|
|
| 7 |
Other information |
|
|
Immages Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
127 Mount Pleasant Lane |
|
Bricket Wood |
|
St. Albans |
|
AL2 3XQ |