ACCOUNTS - Final Accounts

Registered number: 02168165

INSTITUTE OF DATA AND MARKETING LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

INSTITUTE OF DATA AND MARKETING LIMITED

REGISTERED NUMBER: 02168165

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	6	52,939		54,664
Cash at bank and in hand	7	1,176		24,457
		54,115		79,121
Creditors: amounts falling due within one year	8	(203,714)		(435,847)
Net current liabilities			(149,599)		(356,726)
Total assets less current liabilities			(149,599)		(356,726)

Net liabilities			(149,599)		(356,726)

Capital and reserves
Called up share capital	9	20,000	20,000
Profit and loss account	10	(169,599)	(376,726)
		(149,599)	(356,726)

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2025.

R H Aldighieri

Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The Institute of Data and Marketing Limited is a private company limited by shares incorporated in England & Wales under the Companies Act. The address of its registered office is 1st Floor Rapier House, 40-46 Lamb’s Conduit Street, London, WC1N 3LJ. The nature of the company's operations and its principal activities are set out in the directors' report.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in sterling (£).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of The Data and Marketing Association Limited as at 31 March 2025 and these financial statements may be obtained from Companies House.

2.3

Going concern

The directors have considered the ability of the Company to continue as a Going Concern. In making their assessment the directors have prepared and critically reviewed the Company's cash flow forecast for the next 12 months and ensured that this forecast is modelled on a suitably cautious basis. Further information on the future outlook of the business can be seen in the commentary provided in the Strategic, Chairman’s and CEO’s reports included within the Group’s consolidated financial statements.

Page 2

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Intangible fixed assets

Software

The Company capitalises software expenditure as an intangible asset when it is able to demonstrate all of the following:

• The technical feasibility of completing the development so the intangible asset will be available for use or sale.

• Its intention to complete the development and to use or sell the intangible asset.

• Its ability to use or sell the intangible asset.

• How the intangible asset will generate probable future economic benefits.

• The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.

• Its ability to measure reliably the expenditure attributable to the intangible asset during its development.

Capitalised software expenditure is initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Capitalised software expenditure is amortised on a straight line basis over its useful life, which is between 3 and 5 years. The directors consider these useful lives to be appropriate because the value of these assets will be expected to be extracted over this period.

All research expenditure and development expenditure that does not meet the above conditions is expensed as incurred.

Amortisation is revised prospectively for any significant change in useful life or residual value.

On disposal, the difference between the net disposal proceeds and the carrying amount of the intangible asset is recognised in profit or loss.

2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short term creditors are measured at the transaction price.

Page 4

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transcation, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.10

Current and deferred taxation

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operate and generate income.

Page 5

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The annual amortisation charge for intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on market conditions, future investments, and economic utilisation.

The directors do not consider that there are any other significant judgements in applying accounting policies or estimation uncertainty arising in the preparation of these financial statements.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 6

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

		Course development
		£
	Cost
	At 1 April 2024	204,317
	At 31 March 2025	204,317
	Amortisation
	At 1 April 2024	204,317
	At 31 March 2025	204,317
	Net book value
	At 31 March 2025	-
	At 31 March 2024	-

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	52,939	53,419
Other debtors	-	1,245
	52,939	54,664

7.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	1,176	24,457

Page 7

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	550
Amounts owed to group undertakings	203,714	435,297
	203,714	435,847

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

20,000 (2024 - 20,000) Ordinary shares of £1.00 each	20,000	20,000

10.

Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses.

11.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

12.	Related party transactions
	The company has taken advantage of the exemption conferred by FRS102 not to disclose transactions with members of the group headed by The Data and Marketing Association Limited on the grounds that 100% of the voting rights in the company are controlled within that group and the company is included in the consolidated financial statements.

13.	Ultimate parent undertaking and controlling party

The Company's share capital is 100% owned by The Data and Marketing Association Limited, a company incorporated in the United Kingdom. Copies of the parent financial statements can be obtained from Companies House.

Page 8

INSTITUTE OF DATA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 17 November 2025 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

Page 9