Intermark Corporate Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09245817 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Intermark Corporate Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Hamilford

REGISTERED OFFICE:

3rd Floor, Fairgate House

78 New Oxford Street

London

WC1A 1HB

REGISTERED NUMBER:

09245817 (England and Wales)

ACCOUNTANTS:

Hawksford UK Services Limited

3rd Floor, Fairgate House

78 New Oxford Street

London

WC1A 1HB

CURRENT ASSETS

Debtors

4

209,223

61,491

Cash at bank and in hand

277,333

248,487

486,556

309,978

CREDITORS

Amounts falling due within one year

5

(128,777

)

(149,332

)

NET CURRENT ASSETS

357,779

160,646

TOTAL ASSETS LESS CURRENT LIABILITIES

357,779

160,646

CREDITORS

Amounts falling due after more than one year

6

(10,000

)

(10,000

)

NET ASSETS

347,779

150,646

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

337,779

140,646

SHAREHOLDERS' FUNDS

347,779

150,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2022 and were signed by:

M Hamilford - Director

1.	STATUTORY INFORMATION

Intermark Corporate Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in Pounds Sterling and this is also considered by the director to be the company's functional currency.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash held on demand with banks.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

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

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

183,094

43,716

Other debtors

26,129

17,775

209,223

61,491

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade creditors

14,249

84,176

Taxation and social security

102,034

51,807

Other creditors

12,494

13,349

128,777

149,332

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Other creditors

10,000

10,000

7.	RELATED PARTY DISCLOSURES

The company trades on an arm's length basis with Intermark Group Inc., a company under common control.

During the year the company's turnover with Intermark Group Inc. was £332,500. As at 31 October 2021, company owed £80,000 (2020:£80,000 ) to Intermark Group Inc.

During the year the company operated a loan account with M Hamilford. At the year end, the balance due from the company was £43 (2020: £1,041).

8.	ULTIMATE CONTROLLING PARTY