Company registration number 11119605 (England and Wales)
INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
$
$
$
$
Current assets
Debtors
3
218,009
202,878
Cash at bank and in hand
44,356
49,555
262,365
252,433
Creditors: amounts falling due within one year
4
(40,362)
(17,285)
Net current assets
222,003
235,148
Reserves
Income and expenditure account
222,003
235,148
Total members' funds
222,003
235,148

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 August 2026 and are signed on its behalf by:
Dr Hassan Kharita
Director
Company registration number 11119605 (England and Wales)
INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

International Organisation for Medical Physics is a private company limited by guarantee incorporated in England and Wales. The liability of the members is limited to $14. The registered office is Fairmount House, 230 Tadcaster Road, York, North Yorkshire, YO24 1ES.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in US dollars, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest $.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income is recognised in the financial statements on a receipts basis due to uncertainties surrounding recoverability of invoices.

Expenses are included in the financial statements as they become due.

Expenses include irrecoverable VAT where applicable as the company cannot reclaim it.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Foreign exchange

Transactions in currencies other than US dollars are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

INTERNATIONAL ORGANISATION FOR MEDICAL PHYSICS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

The Company has no employees other than the directors, who did not receive any remuneration in either year. The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Debtors
2025
2024
Amounts falling due within one year:
$
$
Amounts due from related parties
216,345
184,369
Prepayments and accrued income
1,664
18,509
218,009
202,878
4
Creditors: amounts falling due within one year
2025
2024
$
$
Corporation tax
334
697
Other creditors
40,028
16,588
40,362
17,285
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding $1 4.

6
Related party transactions

Included in debtors at 31 December 202 5 is $216,345 (202 4 - $1 84,369) owed from International Organisation for Medical Physics, an unincorporated entity which previously carried out the activities of this entity. The unincorporated entity and International Organisation for Medical Physics are under common control.

During the year and since the transfer of the activities from the unincorporated entity, income has been received in to and expenditure has been paid out of the unincorporated entity's bank accounts. The related party debtor relates to an accumulation of these transactions, these balances are considered fully recoverable.

2025-12-31 2025-01-01 false false false 09 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Madan Mohan Rehani Ibrahim Duhaini Prof Ioannis Damilakis Magdalena Stoeva Eva Bezak Dr Hassan Kharita Prof Mahadevappa Mahesh 11119605 2025-01-01 2025-12-31 11119605 2025-12-31 11119605 2024-12-31 11119605 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 11119605 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11119605 core:CurrentFinancialInstruments 2025-12-31 11119605 core:CurrentFinancialInstruments 2024-12-31 11119605 core:RetainedEarningsAccumulatedLosses 2025-12-31 11119605 core:RetainedEarningsAccumulatedLosses 2024-12-31 11119605 bus:Director6 2025-01-01 2025-12-31 11119605 2024-01-01 2024-12-31 11119605 bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 11119605 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11119605 bus:FRS102 2025-01-01 2025-12-31 11119605 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 11119605 bus:Director1 2025-01-01 2025-12-31 11119605 bus:Director2 2025-01-01 2025-12-31 11119605 bus:Director3 2025-01-01 2025-12-31 11119605 bus:Director4 2025-01-01 2025-12-31 11119605 bus:Director5 2025-01-01 2025-12-31 11119605 bus:Director7 2025-01-01 2025-12-31 11119605 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP