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Registered number: 12115786
IBV Management London Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
IBV Management London Limited
Contents
Contents

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

Page 1
IBV Management London Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 12115786

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 171,931 |  | 211,350
|  |  | 171,931 |  | 211,350
CURRENT ASSETS
Debtors | 5 | 3,440,861 |  | 3,533,735 |
Cash at bank and in hand |  | 2,476 |  | 8,705 |
|  | 3,443,337 |  | 3,542,440 |
Creditors: Amounts Falling Due Within One Year | 6 | (399,152 ) |  | (449,625 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,044,185 |  | 3,092,815
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,216,116 |  | 3,304,165
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (4,482,463 ) |  | (4,208,119 )
NET LIABILITIES |  |  | (1,266,347 ) |  | (903,954 )
CAPITAL AND RESERVES
Called up share capital |  |  | 100 |  | 100
Income Statement |  |  | (1,266,447 ) |  | (904,054 )
SHAREHOLDERS' FUNDS |  |  | (1,266,347) |  | (903,954)

Page 1
Page 2
IBV Management 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
02/12/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
IBV Management London Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
IBV Management London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12115786 . 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:

Plant & Machinery | 33.33% straight line
Motor Vehicles | 15% straight line
Fixtures & Fittings | 25% straight line
Computer Equipment | 33.33% straight line

3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 January 2024 | 1,668 | 200,000 | 42,437 | 6,401 | 250,506
Additions | 482 | - | - | 3,209 | 3,691
As at 31 December 2024 | 2,150 | 200,000 | 42,437 | 9,610 | 254,197
Depreciation
As at 1 January 2024 | 1,224 | 26,384 | 8,792 | 2,756 | 39,156
Provided during the period | 373 | 30,000 | 10,526 | 2,211 | 43,110
As at 31 December 2024 | 1,597 | 56,384 | 19,318 | 4,967 | 82,266
Net Book Value
As at 31 December 2024 | 553 | 143,616 | 23,119 | 4,643 | 171,931
As at 1 January 2024 | 444 | 173,616 | 33,645 | 3,645 | 211,350

Page 3
Page 4
IBV Management London Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 59,318 |  | 41,505
Amounts owed by participating interests | 25,032 |  | 24,674
Other debtors | 34,608 |  | 36,905
| 118,958 |  | 103,084
Due after more than one year
Amounts owed by participating interests | 3,321,903 |  | 3,430,651
| 3,440,861 |  | 3,533,735

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 49,865 |  | 35,510
Amounts owed to participating interests | 2,556 |  | 118,323
Other creditors | 296,801 |  | 270,592
Taxation and social security | 49,930 |  | 25,200
| 399,152 |  | 449,625

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

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts owed to participating interests | 7,667 |  | 354,969
Other creditors | 4,474,796 |  | 3,853,150
| 4,482,463 |  | 4,208,119

8. Related Party Transactions
As at 31 December 2024, IBV International Vaults (London) Ltd owed £3,246,808 (2023: £3,356,629) to IBV Management London Limited. 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) Ltd. This loan is unsecured, interest free, repayable on demand and also long term in nature.
As at 31 December 2024, London VIP Protect Limited owed £83,360 (2023: £83,360) to IBV Management London Limited. This loan is unsecured, interest free, repayable on demand and also long term in nature.
As at 31 December 2024, London Gold Club Limited owed £16,766 (2023: £15,336) to IBV Management London Limited. 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 £nil (2023: £3,451,360) to IBV Gold DMCC. 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 £4,462,528 (2023: £401,790) to AS (Mauritius) International. This is a long term loan that is unsecured with interest at the rate of 3% per annum. However, the creditors has confirmed that the loan will not be called to the detriment of a third party.
As at 31 December 2024, IBV Management London Limited owed £12,268 (2023: £nil) to IBV International Vaults AG. This is a long term loan that is unsecured and interest free. However, the creditors has confirmed that the loan will not be called to the detriment of a third party.
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