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Company registration number: 07579791

IVORY Worldwide Limited
Filleted Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

IVORY Worldwide Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

IVORY Worldwide Limited

(Registration number: 07579791)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 1,143,708 | 1,296,323
Cash at bank and in hand |  | 1,993,843 | 1,795,645
|  | 3,137,551 | 3,091,968
Creditors: Amounts falling due within one year | 6 | (2,291,006) | (2,434,762)
Net assets |  | 846,545 | 657,206
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | 846,544 | 657,205
Total equity |  | 846,545 | 657,206

For the financial year ending 30 June 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:

R A L Crittall Director |  |

IVORY Worldwide Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Princelet Street
London
E1 5LP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Turnover recognition

Turnover represents amounts receivable for services provided net of VAT. Turnover also includes amounts for services carried out but not billed by the balance sheet date.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

IVORY Worldwide Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings leasehold | Straight line over life of lease
Plant and machinery | 20% straight line or straight line over the life of the lease
Fixtures, fittings and equipment | 20% straight line or straight line over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Other debtors are initially recognised at fair value net of transactions costs and are subsequently measured at amortised cost using the effective interest method less any provision for impairment.

IVORY Worldwide Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities, including loans, are measured individually at fair value net of transaction costs and subsequently at amortised cost using the effective interest method.

Reserves

Called up share capital represents the nominal value of shares that have been issued.
Profit and loss reserve includes all current and prior period profits and losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

IVORY Worldwide Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 19 (2024 - 23).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 57,406 | 57,406
At 30 June 2025 | 57,406 | 57,406
Depreciation
At 1 July 2024 | 57,406 | 57,406
At 30 June 2025 | 57,406 | 57,406
Carrying amount
At 30 June 2025 | - | -
At 30 June 2024 | - | -

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 626,877 | 987,002
Prepayments | 242,403 | 228,527
Other debtors | 274,428 | 80,794
| 1,143,708 | 1,296,323

IVORY Worldwide Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,341,927 | 1,357,187
Taxation and social security | 58,394 | 49,480
Other creditors | 272,718 | 279,849
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 561,950 | 656,903
Corporation tax | 56,017 | 91,343
| 2,291,006 | 2,434,762

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £30,015 (2024 - £85,800).

8 | Parent and ultimate parent undertaking

The company's immediate parent is Ivory Worldwide (Holdings) Limited, incorporated in England.
These financial statements are available upon request from Companies House, Cardiff.