| INTERNATIONAL ALLIANCE OF LAW FIRMS |
| Registered number: |
03456763 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
2025 |
2025 |
|
2024 |
2024 |
| US$ |
US$ |
US$ |
US$ |
| Current assets |
| Debtors |
3 |
|
74,670 |
|
|
30,973 |
| Cash at bank |
|
|
100,351 |
|
|
149,261 |
|
|
|
175,021 |
|
|
180,234 |
|
| Creditors: amounts falling due within one year |
4 |
|
(19,913) |
|
|
(31,069) |
|
| Net current assets |
|
|
|
155,108 |
|
|
149,165 |
|
| Net assets |
|
|
|
155,108 |
|
|
149,165 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
155,108 |
|
|
149,165 |
|
| Shareholders' funds |
|
|
|
155,108 |
|
|
149,165 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| …......................................... |
| James Turner |
| Director |
| Approved by the board on 20 May 2026 |
|
| INTERNATIONAL ALLIANCE OF LAW FIRMS |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The functional currency in which the entity operates is US Dollars. As a result the accounts are presented in US Dollars. The exchange rate at the year ended for the purpose of translating the financial information into Sterling is 0.7433 (US$1 equivalent to £0.7433). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| US$ |
US$ |
|
|
Trade debtors |
331 |
|
- |
|
Other debtors |
74,339 |
|
30,973 |
|
|
|
|
|
|
74,670 |
|
30,973 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| US$ |
US$ |
|
|
Trade creditors |
- |
|
13,301 |
|
Other creditors |
19,913 |
|
17,768 |
|
|
|
|
|
|
19,913 |
|
31,069 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
INTERNATIONAL ALLIANCE OF LAW FIRMS is a private company limited by Guarantee and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
England |
|
HA7 1JS |