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REGISTERED NUMBER: 02873485 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Idealall Trading Limited

Idealall Trading Limited (Registered number: 02873485)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Idealall Trading Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N A Halepas
M N Halepas





SECRETARY: Mrs P Halepas





REGISTERED OFFICE: 101 Friern Barnet Road
London
N11 3EU





REGISTERED NUMBER: 02873485 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Idealall Trading Limited (Registered number: 02873485)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 484 646
Investment property 5 900,000 822,500
900,484 823,146

CURRENT ASSETS
Debtors 6 139,174 139,194
Cash at bank 65,190 17,110
204,364 156,304
CREDITORS
Amounts falling due within one year 7 235,947 206,422
NET CURRENT LIABILITIES (31,583 ) (50,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,901

773,028

PROVISIONS FOR LIABILITIES 114,269 99,509
NET ASSETS 754,632 673,519

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 613,422 550,647
Retained earnings 141,110 122,772
SHAREHOLDERS' FUNDS 754,632 673,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Idealall Trading Limited (Registered number: 02873485)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





N A Halepas - Director


Idealall Trading Limited (Registered number: 02873485)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Idealall Trading 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 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.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% reducing value.
Fixtures and fittings - 25% reducing value.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Idealall Trading Limited (Registered number: 02873485)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 7,558
DEPRECIATION
At 1 December 2022 6,912
Charge for year 162
At 30 November 2023 7,074
NET BOOK VALUE
At 30 November 2023 484
At 30 November 2022 646

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 822,500
Revaluations 77,500
At 30 November 2023 900,000
NET BOOK VALUE
At 30 November 2023 900,000
At 30 November 2022 822,500

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2020 822,500
Valuation in 2023 77,500
900,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 139,174 139,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 4,832 5,147
Other creditors 231,115 201,275
235,947 206,422

Idealall Trading Limited (Registered number: 02873485)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022 550,647
Non distributable 62,775

At 30 November 2023 613,422