Imperium Tax And Accounting Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

1. General Information

Imperium Tax And Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13392928 . The registered office is Unit 2f17, The Square Basing View, Basingstoke, RG21 4EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

Straight line over 3 years

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 16)

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Imperium Tax And Accounting Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	14,407
Additions	9,518

As at 31 December 2024	23,925

Depreciation
As at 1 January 2024	9,452
Provided during the period	5,543

As at 31 December 2024	14,995

Net Book Value
As at 31 December 2024	8,930

As at 1 January 2024	4,955

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	6	6

6. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	29,400	29,983

	29,400	29,983

The office lease is a rolling contract with a six month notice period

7. Related Party Transactions

Vicena International Limited

Owned 100% by Parent Company : Imperium Trust Company (UK) Limited

Costs were recharged to Vicena International Limited of £87,639 in year regarding salary recharges, computer and software costs and sundry expenses (2023 : £24,523). Costs were oncharged from Vicena International Ltd to the Company of £2,494 regarding insurance and subscriptions. A creditor balance was shown in the Company of £28,362 (2023 : £29,427) at the year end.

Page Tax Consulting LLP

Owned 99% by Parent Company : Imperium Trust Company (UK) Limited

Costs were recharged to Page Tax Consulting LLP of £39,332 in year regarding salary and training recharges (2023 : £29,356). Costs were oncharged by the Company to Page Tax Consulting LLP of £1,622 (2023: £nil) relating to insurance and sundry expenses. A creditor balance was shown in the Company of £11,554 (2023 : £35,228) at the year end.

Imperium Group Holdings Limited

Ultimate Group Holding Company

Costs were recharged by Imperium Group Holdings Limited of £31,885 in year regarding computer software and consumables (2023 : £1,826). A £nil balance was shown in the Company at the year end (2023 : £280 creditor) at the year end.

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Imperium Tax And Accounting Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Imperium Trust Company (UK) Limited

Parent Company

Costs were recharged to Imperium Trust Company (UK) Limited of £405,457 in year regarding salary recharges, consultancy and sundry expenses (2023 : £29,089). Imperium Tax and Accounting Ltd oncharged £40,027 to the Parent Company relating to legal and professional fees, salaries and sundry expenses (2023: £nil). A creditor balance was shown in the Company of £20,527 (2023 : £5,963) at the year end.

8. Ultimate Controlling Party

The company's ultimate controlling party is Imperium Group Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,930		4,955

			8,930		4,955
CURRENT ASSETS
Debtors		1,015,144		1,081,990
Cash at bank and in hand		39,402		61,302

		1,054,546		1,143,292
Creditors: Amounts Falling Due Within One Year		(303,056 )		(225,659 )

NET CURRENT ASSETS (LIABILITIES)			751,490		917,633

TOTAL ASSETS LESS CURRENT LIABILITIES			760,420		922,588

NET ASSETS			760,420		922,588

CAPITAL AND RESERVES
Called up share capital	5		6		6
Share premium account			470,127		470,127
Other reserves			230,421		230,421
Profit and Loss Account			59,866		222,034

SHAREHOLDERS' FUNDS			760,420		922,588