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Registration number: 05243278

The International Society for Professional Innovation Management Ltd
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Period from 1 July 2024 to 31 July 2025

The International Society for Professional Innovation Management Ltd

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

The International Society for Professional Innovation Management Ltd

(Registration number: 05243278)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 214 | 1,899
Current assets |  |  |
Debtors | 5 | 20,303 | 54,370
Cash at bank and in hand |  | 72,877 | 52,697
|  | 93,180 | 107,067
Creditors: Amounts falling due within one year | 6 | (28,334) | (24,761)
Net current assets |  | 64,846 | 82,306
Total assets less current liabilities |  | 65,060 | 84,205
Provisions for liabilities |  | - | (361)
Net assets |  | 65,060 | 83,844
Reserves |  |  |
Retained earnings |  | 65,060 | 83,844
Surplus |  | 65,060 | 83,844

For the financial period ending 31 July 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 period 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 Income Statement.

Approved and authorised by the Board on 27 January 2026 and signed on its behalf by:

The International Society for Professional Innovation Management Ltd

(Registration number: 05243278)
Statement of Financial Position as at 31 July 2025

......................................... Mr I N Bitran Director
......................................... Dr S J Conn Company secretary and director

The International Society for Professional Innovation Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
41 Amberhill Way
Worsley
Manchester
M28 1YJ

These financial statements were authorised for issue by the Board on 27 January 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The International Society for Professional Innovation Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

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 deferred tax. Tax is recognised in profit or loss, 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

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
Computer Equipment | 25% Reducing Balance

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.

The International Society for Professional Innovation Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

Trade 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.

Trade 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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5 (2024 - 5).

The International Society for Professional Innovation Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 July 2025

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 12,146 | 12,146
Disposals | (11,766) | (11,766)
At 31 July 2025 | 380 | 380
Depreciation
At 1 July 2024 | 10,247 | 10,247
Charge for the period | 71 | 71
Eliminated on disposal | (10,152) | (10,152)
At 31 July 2025 | 166 | 166
Carrying amount
At 31 July 2025 | 214 | 214
At 30 June 2024 | 1,899 | 1,899

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 931 | 29,018
Prepayments | 14,515 | 10,393
Other debtors | 4,857 | 14,959
| 20,303 | 54,370

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 554 | 8,848
Taxation and social security | 27,495 | -
Accruals and deferred income | 285 | 15,913
| 28,334 | 24,761