REGISTERED NUMBER: 08529056 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2025

for

International Maritime Development

Limited

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Other Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTOR:

R Wittendorff

REGISTERED OFFICE:

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

REGISTERED NUMBER:

08529056 (England and Wales)

ACCOUNTANTS:

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

The director presents his report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of publishing of consumer and business journals and periodicals.

DIRECTOR

R Wittendorff held office during the whole of the period from 1 June 2024 to the date of this report.

RESULTS AND DIVIDENDS

The Company's loss for the period amounted to GBP 2,289. The Directors do not recommend the payment of a dividend.

POST BALANCE SHEET EVENTS

No post balance sheet events have occured since 31 May 2025 which require reporting or disclosing in the accounts.

AUDITORS

The director has with reference to exemptions in the Companies Act elected not to appoint auditors.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Wittendorff - Director

5 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International Maritime Development Limited for the year ended 31 May 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of International Maritime Development Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Maritime Development Limited and state those matters that we have agreed to state to the director of International Maritime Development Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International Maritime Development Limited and its director for our work or for this report.

It is your duty to ensure that International Maritime Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of International Maritime Development Limited. You consider that International Maritime Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International Maritime Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

5 December 2025

TURNOVER

-

22,146

Administrative expenses

7,386

15,896

(7,386

)

6,250

Other operating income

-

14,306

OPERATING (LOSS)/PROFIT

4

(7,386

)

20,556

Interest receivable and similar income

5,097

1,201

(LOSS)/PROFIT BEFORE TAXATION

(2,289

)

21,757

Tax on (loss)/profit

5

-

149

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(2,289

)

21,608

(LOSS)/PROFIT FOR THE YEAR

(2,289

)

21,608

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(2,289

)

21,608

FIXED ASSETS

Intangible assets

6

25,557

25,557

CURRENT ASSETS

Debtors

7

83,395

85,940

Cash at bank

427

45,368

83,822

131,308

CREDITORS

Amounts falling due within one year

8

109,183

154,380

NET CURRENT LIABILITIES

(25,361

)

(23,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196

2,485

CAPITAL AND RESERVES

Called up share capital

9

13,000

13,000

Retained earnings

10

(12,804

)

(10,515

)

SHAREHOLDERS' FUNDS

196

2,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 December 2025 and were signed by:

R Wittendorff - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 June 2023

13,000

(32,123

)

(19,123

)

Changes in equity

Total comprehensive income

-

21,608

21,608

Balance at 31 May 2024

13,000

(10,515

)

2,485

Changes in equity

Total comprehensive income

-

(2,289

)

(2,289

)

Balance at 31 May 2025

13,000

(12,804

)

196

1.	STATUTORY INFORMATION

International Maritime Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Investments in associates

Investments in associate undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors

Debtors are valued individually and there are made provision according to this valuation.

Creditors

Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

Taxation

Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	OPERATING (LOSS)/PROFIT

The operating loss is stated after charging:

2024/25

2023/24

£

£

Director's remuneration and other benefits etc

-

-

5.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

-

149

Tax on (loss)/profit

-

149

6.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 31 May 2025

25,557

NET BOOK VALUE

At 31 May 2025

25,557

At 31 May 2024

25,557

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,337

44,052

Amounts owed by group undertakings

40,058

41,888

83,395

85,940

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

11,844

53,219

Amounts owed to associates

2,588

4,849

Other creditors

6,929

7,042

Accruals and deferred income

87,822

89,270

109,183

154,380

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

13,000

Ordinary

1

13,000

13,000

10.

RESERVES

Retained

earnings

£

At 1 June 2024

(10,515

)

Deficit for the year

(2,289

)

At 31 May 2025

(12,804

)