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REGISTERED NUMBER: 02966481 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

IDEALREVIEW LIMITED

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDEALREVIEW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D G Brown
C D Brown





SECRETARY: Mrs A L Brown





REGISTERED OFFICE: 2 Ferry House
Far Sawrey
Ambleside
Cumbria
LA22 OLZ





REGISTERED NUMBER: 02966481 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,340 62,409
Investments 5 1,891,322 2,907,042
1,934,662 2,969,451

CURRENT ASSETS
Debtors 6 835,632 60,046
Cash at bank 34,474 61,852
870,106 121,898
CREDITORS
Amounts falling due within one year 7 747,534 647,514
NET CURRENT ASSETS/(LIABILITIES) 122,572 (525,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,057,234

2,443,835

CREDITORS
Amounts falling due after more than one
year

8

(35,614

)

(48,322

)

PROVISIONS FOR LIABILITIES - (8,893 )
NET ASSETS 2,021,620 2,386,620

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 (79,961 ) 292,812
Retained earnings 11 2,100,581 2,092,808
SHAREHOLDERS' FUNDS 2,021,620 2,386,620

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.

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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 30 August 2024 and were signed on its behalf by:





D G Brown - Director


IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Idealreview 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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.

Computer equipment - 25% on cost
Motor vehicles - 25% on cost

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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Investments in another entity's equity shares are measured at fair value, unless it is an unlisted investment whose fair value cannot be reliably measured, in which case it is measured at cost less impairment.

Changes in fair value are recognised in the profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease of the term, whichever is the shorter.

The interest element is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 75,454 1,531 76,985
DEPRECIATION
At 1 December 2022 13,492 1,084 14,576
Charge for year 18,864 205 19,069
At 30 November 2023 32,356 1,289 33,645
NET BOOK VALUE
At 30 November 2023 43,098 242 43,340
At 30 November 2022 61,962 447 62,409

5. FIXED ASSET INVESTMENTS

30/11/23 30/11/22
£    £   
Other investments not loans 1,891,322 2,907,042

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 1,328,496 1,328,541 2,657,037
Additions 19,840 50,113 69,953
Disposals (737,511 ) - (737,511 )
Revaluations (87,029 ) (261,133 ) (348,162 )
At 30 November 2023 523,796 1,117,521 1,641,317
NET BOOK VALUE
At 30 November 2023 523,796 1,117,521 1,641,317
At 30 November 2022 1,328,496 1,328,541 2,657,037


Investments (neither listed nor unlisted) were as follows:
30/11/23 30/11/22
£    £   
Other investments 250,005 250,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 2,880 3,840
Other debtors 709,022 44,022
Tax 8 -
VAT 12 430
Deferred tax asset 91,426 -
Prepayments 32,284 11,754
835,632 60,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 10,035 9,788
Hire purchase contracts 2,672 2,672
Trade creditors - 3,000
Amounts owed to group undertakings 569,311 461,911
Social security and other taxes 624 (910 )
Directors' current accounts 161,702 168,303
Accrued expenses 3,190 2,750
747,534 647,514

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 10,289 10,036
Bank loans - 2-5 years 8,773 19,062
Hire purchase contracts 16,552 19,224
35,614 48,322

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Hire purchase contracts 19,224 21,896

The liabilities due under hire purchase agreements is secured on the related assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 2,092,808 292,812 2,385,620
Deficit for the year (265,000 ) (265,000 )
Dividends (100,000 ) (100,000 )
Transfer between reserves 372,773 (372,773 ) -
At 30 November 2023 2,100,581 (79,961 ) 2,020,620

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £67,600 (2022 - £323,128) were paid to the directors .

The following entities are deemed to be related parties.

During the year the company loaned various monies to Brindle Homes Limited. Included in other debtors ia an amount of £665,000 (2022: £nil) due from Brindle Homes Limited.The loan is deemed repayable on demand and no interest has been charged.

Included in other debtors is an amount of £40,000 (2022: £40,000) due from The David Brown Discretionary Settlement Trust. The loan is deemed repayable on demand and no interest has been charged.

Included in creditors is an amount of £569,311 (2022: £461,911) due to DGB1998 Holdings Limited. The loan is deemed repayable on demand and no interest has been charged.