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REGISTERED NUMBER: 08371065 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

ID DEVELOPMENTS (UK) LIMITED

ID DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 08371065)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ID DEVELOPMENTS (UK) LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: I Dickson
Mrs N Dickson





REGISTERED OFFICE: The Old Barn
Worton Park
Cassington
Witney
OX29 4SY





REGISTERED NUMBER: 08371065 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

ID DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 08371065)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,245,000 5,533,465

CURRENT ASSETS
Debtors 5 149,735 143,688
Cash at bank 9,062 -
158,797 143,688
CREDITORS
Amounts falling due within one year 6 608,067 662,548
NET CURRENT LIABILITIES (449,270 ) (518,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,795,730

5,014,605

CREDITORS
Amounts falling due after more than one
year

7

5,150,769

5,150,769
NET ASSETS/(LIABILITIES) 644,961 (136,164 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 785,218 73,682
Retained earnings (140,357 ) (209,946 )
SHAREHOLDERS' FUNDS 644,961 (136,164 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





I Dickson - Director


ID DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 08371065)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

ID Developments (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 5,533,465
Revaluations 711,535
At 31 March 2023 6,245,000
NET BOOK VALUE
At 31 March 2023 6,245,000
At 31 March 2022 5,533,465

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 73,682
Valuation in 2023 711,536
Cost 5,459,782
6,245,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 149,735 143,688

ID DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 08371065)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 52,712
Trade creditors 2,700 -
Taxation and social security (3,587 ) 677
Other creditors 608,954 609,159
608,067 662,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 5,150,769 5,150,769

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 52,712

The Director has guaranteed the bank overdraft by charging a personal asset to Barclays Bank.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 73,682
Fair value adjustment 711,536

At 31 March 2023 785,218

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2023, ID Developments (UK) Limited owed its director, Mrs N Dickson, £1,527,319 (£1,521,319 in 2022). The loan is interest free and is shown within Other Creditors.

11. RELATED PARTY DISCLOSURES

A company controlled by a director provided a loan to ID Developments (UK) Limited.

As at 31st March 2023, the balance owing by ID Developments (UK) Limited to the entity was £2,000,000 (£2,000,000 in 2022). The loan is interest free and is shown within Other Creditors.