Company registration number SC377095 (Scotland)
INTERNATIONAL MEMORABILIA AUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
INTERNATIONAL MEMORABILIA AUCTIONS LTD
COMPANY INFORMATION
Director
Paul Young
Company number
SC377095
Registered office
Azets
Exchange Place 3
Semple Street
Edinburgh
EH3 8BL
Accountants
Azets
Exchange Place 3
Semple Street
Edinburgh
United Kingdom
EH3 8BL
INTERNATIONAL MEMORABILIA AUCTIONS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2
INTERNATIONAL MEMORABILIA AUCTIONS LTD
STATEMENT OF FINANCIAL POSITION
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Cash at bank and in hand
173
173
Net current assets
173
173
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
172
172
Total equity
173
173
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 May 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 28 February 2023
Paul Young
Director
Company Registration No. SC377095
INTERNATIONAL MEMORABILIA AUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
- 2 -
1
Accounting policies
Company information
International Memorabilia Auctions Ltd is a private company limited by shares and is incorporated in the United Kingdom and registered in Scotland. Details of the registered office can be found on the company information page of these financial statements. The company's registered number is SC377095.
The company did not trade during the current or prior year.
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
sterling
, 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has not traded during the year. The directors intend to keep the company in existence as a dormant company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
true
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
1.4
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.