General Information
Interestme Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 08706549, registration address 6th Floor, Lloyds Avenue House, 6 Lloyds Avenue, London, EC3N 3AX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention
Basis of preparation
The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liability to third parties as they fall due.
Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
There are no significant judgements or estimates involved in the preparation of the financial statements.
Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Investments
Investments are included at cost less impairment
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
| At 01 February 2024 |
- |
|
- |
| Additions |
32,995 |
|
32,995 |
| Disposals |
- |
|
- |
| At 31 January 2025 |
32,995 |
|
32,995 |
| Depreciation |
| At 01 February 2024 |
3,849 |
|
3,849 |
| Charge for year |
6,599 |
|
6,599 |
| On disposals |
- |
|
- |
| At 31 January 2025 |
10,448 |
|
10,448 |
| Net book values |
| Closing balance as at 31 January 2025 |
22,547 |
|
22,547 |
| Opening balance as at 01 February 2024 |
29,146 |
|
29,146 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 February 2024 |
33,191 |
|
4,524,700 |
|
4,557,891 |
| Additions |
- |
|
128,248 |
|
128,248 |
| Disposals |
- |
|
- |
|
- |
| At 31 January 2025 |
33,191 |
|
4,652,948 |
|
4,686,139 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
42,679 |
|
250,011 |
|
42,679 |
|
250,011 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Amount Owed by Group Undertakings |
2,684,231 |
|
2,500,136 |
| Other Debtors |
996,139 |
|
567,902 |
|
3,680,370 |
|
3,068,038 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
4,435 |
|
1,117 |
| Bank Loans & Overdrafts |
2,922 |
|
2,844 |
| PAYE & Social Security |
1,118 |
|
5,463 |
| Other Creditors |
- |
|
3,471 |
|
8,475 |
|
12,895 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
26,001 |
|
26,316 |
| Bank Loans & Overdrafts |
14,092 |
|
16,992 |
| Amounts Owed to Group Undertakings |
653,546 |
|
673,929 |
| Other Creditors |
1,838,674 |
|
2,242,662 |
| Other Loans (SECURED DEBTS) |
5,167,814 |
|
4,187,641 |
|
7,700,127 |
|
7,147,540 |
|
| 8. |
Share premium
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
351,927 |
|
351,927 |
|
351,927 |
|
351,927 |
|
| 9. |
Related Party Disclosures
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Included in the other creditors is an amount of £1,671,508 (2024: 2,082,994) due to connected companies.
All the connected companies are under common directorship.
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4
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