International Authors Forum Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08496616

International Authors Forum

Company Limited by Guarantee

Filleted Unaudited Accounts

31 March 2025

International Authors Forum

Company Limited by Guarantee

Accounts

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Statement of changes in equity	3

Notes to the accounts	4

International Authors Forum

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Current assets

Debtors	6	3,448	13,931
Cash at bank and in hand		107,140	162,976
		---------	---------
		110,588	176,907

Creditors: amounts falling due within one year	7	( 145,062)		( 198,670)
		---------		---------
Net current liabilities			( 34,474)		( 21,763)
			--------		--------
Total assets less current liabilities			( 34,474)		( 21,763)
			--------		--------
Net liabilities			( 34,474)		( 21,763)
			--------		--------

Capital and reserves

Profit and loss account	( 34,474)	( 21,763)
	--------	--------
Members deficit	( 34,474)	( 21,763)
	--------	--------

These accounts 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 income statement 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.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

International Authors Forum

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

B A Hayes

Director

Company registration number: 08496616

International Authors Forum

Company Limited by Guarantee

Statement of Changes in Equity

Year ended 31 March 2025

	Profit and loss account
	£
At 1 April 2023	( 45,241)

Profit for the year	23,478
	--------
Total comprehensive income for the year	23,478

At 31 March 2024	( 21,763)

Loss for the year	( 12,711)
	--------
Total comprehensive income for the year	( 12,711)

	--------
At 31 March 2025	( 34,474)
	--------

International Authors Forum

Company Limited by Guarantee

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 6th Floor, International House, St. Katharines Way, London, E1W 1UN.

2. Statement of compliance

These accounts 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 accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The accounts are prepared in sterling, which is the functional currency of the entity. The amounts in the accounts are presented to the nearest £, unless otherwise stated.

Going concern

At the year end, the company has an excess of liabilities over assets. The directors have submitted applications for funding to support the activities of the company. The main liability of the company is an amount of £121,086 due to Authors Licensing & Collecting Society (ALCS) for the provision of staff. ALCS have indicated that they will not request repayment of these amounts until the company has sufficient working capital to make payment. Therefore, the directors consider it appropriate to prepare the accounts on a going concern basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for membership fees, stated net of discounts and of Value Added Tax.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Trade and other debtors Trade and other debtors are initially recorded at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts expect where the effect of discounting would be immaterial. In such cases, receivables and stated at cost less impairment losses for bad and doubtful debts. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Trade and other creditors Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. Company limited by guarantee

The company is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is £1.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: Nil).

6. Debtors

	2025	2024
	£	£
Trade debtors	1,980	2,785
Other debtors	1,468	11,146
	-------	--------
	3,448	13,931
	-------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	10,633	11,643
Other creditors	134,429	187,027
	---------	---------
	145,062	198,670
	---------	---------

8. Related party transactions

The company was under the control of the directors during the period. During the year, the company was charged £121,086 (2024: £121,715) by Authors' Licensing and Collecting Society (ALCS), a company in which B A Hayes is a director, in respect of expenses that had been incurred on its behalf. At the year end an amount of £121,086 (2024: £183,033) was owed to ALCS. A director was paid £6,480 during the year in relation to consultancy services (2024: £4,058). At the year end an amount of £1,620 was due to the director (2024: £670).