IRIS Accounts Production v23.3.0.418 10009021 director 1.3.22 25.2.23 25.2.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100090212022-02-28100090212023-02-25100090212022-03-012023-02-25100090212021-02-28100090212021-03-012022-02-28100090212022-02-2810009021ns10:Originalns15:EnglandWales2022-03-012023-02-2510009021ns14:PoundSterlingns10:Original2022-03-012023-02-2510009021ns10:Originalns10:Director12022-03-012023-02-2510009021ns10:Original2022-03-012023-02-2510009021ns10:Original2023-02-2510009021ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2510009021ns10:Originalns10:SmallEntities2022-03-012023-02-2510009021ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2510009021ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2510009021ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2510009021ns10:Originalns10:FullAccounts2022-03-012023-02-2510009021ns10:Original2022-02-2810009021ns10:Originalns5:CurrentFinancialInstruments2023-02-2510009021ns10:Originalns5:CurrentFinancialInstruments2022-02-2810009021ns10:Originalns5:Non-currentFinancialInstruments2023-02-2510009021ns10:Originalns5:Non-currentFinancialInstruments2022-02-2810009021ns5:ShareCapitalns10:Original2023-02-2510009021ns5:ShareCapitalns10:Original2022-02-2810009021ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2510009021ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2810009021ns10:Originalns10:RegisteredOffice2022-03-012023-02-2510009021ns10:Original2021-03-012022-02-2810009021ns10:Original2022-02-2810009021ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2510009021ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2810009021ns10:Original12022-03-012023-02-25
REGISTERED NUMBER: 10009021 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 25 FEBRUARY 2023

FOR

ID PROPERTIES LIMITED

ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 25 FEBRUARY 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 5


ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

STATEMENT OF FINANCIAL POSITION
25 FEBRUARY 2023

25.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Investment property 4 380,184 134,412

CURRENT ASSETS
Debtors 5 - 13,170
Cash at bank 1,907 69,514
1,907 82,684
CREDITORS
Amounts falling due within one year 6 (96,595 ) (87,570 )
NET CURRENT LIABILITIES (94,688 ) (4,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,496

129,526

CREDITORS
Amounts falling due after more than one
year

7

(252,563

)

(96,000

)
NET ASSETS 32,933 33,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,833 33,426
32,933 33,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

STATEMENT OF FINANCIAL POSITION - continued
25 FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





I H Dulko - Director


ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 25 FEBRUARY 2023


1. STATUTORY INFORMATION

Id Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10009021

Registered office: DPC Accountants
Stone House
Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
Judgements and Key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Valuation of investment property

As described in the notes to the financial statements, the investment properties are stated in the balance sheet at fair value, based on the valuation performed by the director. The director is of the opinion that the year-end valuation is not materially different to current market prices observed.

Investment properties have been recognised at fair value by the director and they are of the opinion that there has been no material change since 28/02/2023.

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

ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 25 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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.

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.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

ID PROPERTIES LIMITED (REGISTERED NUMBER: 10009021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 25 FEBRUARY 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 134,412
Additions 245,772
At 25 February 2023 380,184
NET BOOK VALUE
At 25 February 2023 380,184
At 28 February 2022 134,412

The directors consider the investment properties to be stated at fair value as at 28 February 2023.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £380,184 (2022: £134,412), Aggregate depreciation £nil (2022: £nil) and carrying value £380,184 (2022: £134.412).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.2.23 28.2.22
£    £   
Trade debtors - 13,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,135 -
Amounts owed to group undertakings 14,151 -
Taxation and social security - 3,733
Other creditors 74,309 83,837
96,595 87,570

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
25.2.23 28.2.22
£    £   
Bank loans 252,563 96,000

8. RELATED PARTY DISCLOSURES

Transactions with directors are under normal market conditions and/or not material.

9. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.