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COMPANY REGISTRATION NUMBER: 03245756
InterMediation Group Limited
Filleted Unaudited Financial Statements
31 December 2018
InterMediation Group Limited
Statement of Financial Position
31 December 2018
2018
2017
Note
£
£
Current assets
Debtors
4
884
914
Cash at bank and in hand
221
----
-------
884
1,135
Creditors: amounts falling due within one year
5
1,215
----
-------
Net current assets/(liabilities)
884
( 80)
----
----
Total assets less current liabilities
884
( 80)
----
----
Capital and reserves
Called up share capital
953,191
953,191
Profit and loss account
( 952,307)
( 953,271)
---------
---------
Shareholders funds/(deficit)
884
( 80)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 September 2019 , and are signed on behalf of the board by:
J M Kinder
Director
Company registration number: 03245756
InterMediation Group Limited
Notes to the Financial Statements
Year ended 31 December 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Park Row, Leeds, LS1 5AB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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 transaction, 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. 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. 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.
4. Debtors
2018
2017
£
£
Trade debtors
30
Amounts owed by group undertakings and undertakings in which the company has a participating interest
884
884
----
----
884
914
----
----
5. Creditors: amounts falling due within one year
2018
2017
£
£
Social security and other taxes
1,383
Other creditors
( 168)
----
-------
1,215
----
-------
6. Related party transactions
InterMediation Group Limited is a wholly owned subsidiary of InterResolve Holdings Limited. At the year end £884 (2017: £884) was owed by InterResolve Holdings Limited.
7. Controlling party
The ultimate controlling party is J M Kinder .