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REGISTERED NUMBER: 11061069 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

IDD Commercial Limited

IDD Commercial Limited (Registered number: 11061069)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDD Commercial Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Skenderaj
I Jowett
D P McGrath





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 11061069 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

IDD Commercial Limited (Registered number: 11061069)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,729 7,641
Investments 5 - 75
1,729 7,716

CURRENT ASSETS
Stocks - 424,141
Debtors 6 57,860 445,000
Cash at bank 580 158,346
58,440 1,027,487
CREDITORS
Amounts falling due within one year 7 47,346 997,346
NET CURRENT ASSETS 11,094 30,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,823

37,857

CREDITORS
Amounts falling due after more than one
year

8

(14,166

)

(24,167

)

PROVISIONS FOR LIABILITIES (433 ) (1,394 )
NET (LIABILITIES)/ASSETS (1,776 ) 12,296

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,876 ) 12,196
SHAREHOLDERS' FUNDS (1,776 ) 12,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

IDD Commercial Limited (Registered number: 11061069)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





I Jowett - Director


IDD Commercial Limited (Registered number: 11061069)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

IDD Commercial 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.

Turnover
Turnover represents net invoiced sales of constructed properties and building services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Work in progress
Work in progress is valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

Taxation
Taxation for the year 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 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 3 (2022 - 3 ) .

IDD Commercial Limited (Registered number: 11061069)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 6,600 16,720 23,320
Disposals - (16,720 ) (16,720 )
At 31 December 2023 6,600 - 6,600
DEPRECIATION
At 1 January 2023 4,438 11,241 15,679
Charge for year 433 - 433
Eliminated on disposal - (11,241 ) (11,241 )
At 31 December 2023 4,871 - 4,871
NET BOOK VALUE
At 31 December 2023 1,729 - 1,729
At 31 December 2022 2,162 5,479 7,641

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023 75
Disposals (75 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 19,089 222,000
Amounts owed by participating interests 38,771 222,000
Prepayments and accrued income - 1,000
57,860 445,000

IDD Commercial Limited (Registered number: 11061069)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,394 90
Amounts owed to group undertakings - 407,344
Amounts owed to participating interests - 575,871
Tax 30,928 -
VAT 524 1,291
Accruals and deferred income 2,500 2,750
47,346 997,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,166 14,167
14,166 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided by group undertakings amounted to £nil (2022: £407,344).

The balance outstanding on interest free loans provided by companies with participating interests amounted to £nil (2022: £401,610).

The balance outstanding on interest free loans provided to companies with participating interests amounted to £638,470 (2022: £222,000).

The balance outstanding on interest free loans provided to group undertakings amounted to £19,390 (2022 £222,000).