IBV Management London Limited

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

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.

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)

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.

Page 4