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Company Registration No. 10915243 (England and Wales)
Imaginovation Fintech Solutions Group UK Limited Unaudited accounts for the year ended 31 December 2023
Imaginovation Fintech Solutions Group UK Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Imaginovation Fintech Solutions Group UK Limited Company Information for the year ended 31 December 2023
Director
Jean Jacques Chalopin
Secretary
Quayseco Limited
Company Number
10915243 (England and Wales)
Registered Office
One Glass Wharf Bristol BS2 0ZX
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Imaginovation Fintech Solutions Group UK Limited Accountants' report
Accountants' report to the director of Imaginovation Fintech Solutions Group UK Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Imaginovation Fintech Solutions Group UK Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Imaginovation Fintech Solutions Group UK Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Imaginovation Fintech Solutions Group UK Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imaginovation Fintech Solutions Group UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Imaginovation Fintech Solutions Group UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Imaginovation Fintech Solutions Group UK Limited. You consider that Imaginovation Fintech Solutions Group UK 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 accounts of Imaginovation Fintech Solutions Group UK 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 2 February 2026
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Imaginovation Fintech Solutions Group UK Limited Statement of financial position as at 31 December 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
-
140
Investments
5
(541,805)
(539,531)
(541,805)
(539,391)
Current assets
Debtors
6
1
1
Cash at bank and in hand
18,560
(151,315)
18,561
(151,314)
Creditors: amounts falling due within one year
7
(2,122,873)
(2,121,368)
Net current liabilities
(2,104,312)
(2,272,682)
Net liabilities
(2,646,117)
(2,812,073)
Capital and reserves
Called up share capital
1
1
Share premium
1,756,278
1,504,997
Profit and loss account
(4,402,396)
(4,317,071)
Shareholders' funds
(2,646,117)
(2,812,073)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 February 2026 and were signed on its behalf by
Jean Jacques Chalopin Director Company Registration No. 10915243
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Imaginovation Fintech Solutions Group UK Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Imaginovation Fintech Solutions Group UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10915243. The registered office is One, Glass Wharf, Bristol, BS2 0ZX. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ GBP
Going concern
Imaginovation Fintech Solutions Group UK Limited is 100% owned by International Financial Services Group (Bahamas) Ltd. The UK entity contracts for software development and IT consultancy for the wider global group and is not revenue generating. These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company as it provides a vital service for the wider group.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2023
632
At 31 December 2023
632
Depreciation
At 1 January 2023
492
Charge for the year
140
At 31 December 2023
632
Net book value
At 31 December 2023
-
At 31 December 2022
140
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Imaginovation Fintech Solutions Group UK Limited Notes to the Accounts for the year ended 31 December 2023
5
Investments
Subsidiary undertakings
£
Valuation at 1 January 2023
(539,531)
Additions
(2,274)
Valuation at 31 December 2023
(541,805)
International Financial Services Group (Be). Capital investment of £55,258 (£55,258) and 'equity pick-up' of -£597,038 (-£527,889)
6
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
1
1
7
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and other participating interests
1,878,397
1,877,592
Accruals
244,476
243,776
2,122,873
2,121,368
8
Transactions with related parties
On the balance sheet at the end of the accounting period, a sum of £1,878,397 is owed to International Financial Services Group (Bahamas) Ltd and is repayable on demand
9
Controlling party
The ultimate Controlling Party is, International Financial Services Group (Bahamas) Ltd, by virtue of its 100% shareholding: Address: Deltec House, Lyford Cay, P.O. Box N-3229, Nassau Bahamas
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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