IBV Gold (London) Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 10885013

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,049		-

			13,049		-
CURRENT ASSETS
Stocks	5	10,633		34,267
Debtors	6	17,886		478,545
Cash at bank and in hand		2,204		17,008

		30,723		529,820
Creditors: Amounts Falling Due Within One Year	7	(167,226 )		(255,943 )

NET CURRENT ASSETS (LIABILITIES)			(136,503 )		273,877

TOTAL ASSETS LESS CURRENT LIABILITIES			(123,454 )		273,877

Creditors: Amounts Falling Due After More Than One Year	8		-		(346,545 )

NET LIABILITIES			(123,454 )		(72,668 )

CAPITAL AND RESERVES
Called up share capital			1		1
Income Statement			(123,455 )		(72,669 )

SHAREHOLDERS' FUNDS			(123,454)		(72,668)

Page 1

Page 2

IBV Gold (London) Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr J J Hoey

Director

30/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

IBV Gold (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10885013 . The registered office is 46 Park Lane, Mayfair, London, W1K 1PW.

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. Going Concern Disclosure

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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:

Office equipment

33.33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

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

4. Tangible Assets

	Office equipment
	£
Cost
As at 1 January 2024	-
Additions	18,090

As at 31 December 2024	18,090

...CONTINUED

Page 3

Page 4

IBV Gold (London) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	-
Provided during the period	5,041

As at 31 December 2024	5,041

Net Book Value
As at 31 December 2024	13,049

As at 1 January 2024	-

5. Stocks

	2024	2023
	£	£
Finished goods	10,633	34,267

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	7,362	2,987
Amounts owed by participating interests	2,556	118,323
Other debtors	301	2,266

	10,219	123,576
Due after more than one year
Amounts owed by participating interests	7,667	354,969

	17,886	478,545

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	163,006	134,033
Amounts owed to participating interests	-	115,515
Other creditors	4,220	5,993
Taxation and social security	-	402

	167,226	255,943

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to participating interests	-	346,545

9. Related Party Transactions

As at 31 December 2024, IBV Gold (London) Limited owed £nil (2023: £462,060) to IBV Holdings (Pty) Ltd. This loan is unsecured, interest free, repayable on demand and also long term in nature.

As at 31 December 2024, IBV Management London Limited owed £10,222 (2023: £473,292) to IBV Gold (London) Limited. This loan is unsecured, interest free, repayable on demand and also long term in nature.

Page 4