IF Management Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07946486

IF Management Services Ltd

Filleted Unaudited Financial Statements

31 March 2025

IF Management Services Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		1,448,373	1,350,001

Current assets

Debtors	5	172,135	160,711
Cash at bank and in hand		54,872	40,580
		---------	---------
		227,007	201,291

Creditors: amounts falling due within one year	6	706,193		708,498
		---------		---------
Net current liabilities			479,186	507,207
			------------	------------
Total assets less current liabilities			969,187	842,794
			---------	---------
Net assets			969,187	842,794
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	969,087	842,694
	---------	---------
Shareholders funds	969,187	842,794
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

IF Management Services Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 November 2025 , and are signed on behalf of the board by:

Mr J Fragis
Director

Company registration number: 07946486

IF Management Services Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 First Floor 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	1,350,001
Additions	50,486
Disposals	( 5,399)
Revaluation	53,285
	------------
At 31 March 2025	1,448,373
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	1,448,373
	------------
At 31 March 2024	1,350,001
	------------

5. Debtors

	2025	2024
	£	£
Other debtors	172,135	160,711
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	8,119	10,934
Other creditors	698,074	697,564
	---------	---------
	706,193	708,498
	---------	---------

7. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1,448,373	1,350,001
	------------	------------

8. Director's advances, credits and guarantees

The director, Mr J Fragis , has provided a loan to the company which is repayable on demand and on an interest free terms. At the balance sheet date, the amount due to Mr J Fragis was £693,124 (2024: £693,124).