IRIS Accounts Production v24.2.0.383 13813958 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138139582022-12-31138139582023-12-31138139582023-01-012023-12-31138139582021-12-21138139582021-12-222022-12-31138139582022-12-3113813958ns15:EnglandWales2023-01-012023-12-3113813958ns14:PoundSterling2023-01-012023-12-3113813958ns10:Director12023-01-012023-12-3113813958ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113813958ns10:SmallEntities2023-01-012023-12-3113813958ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113813958ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113813958ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113813958ns10:FullAccounts2023-01-012023-12-3113813958ns10:RegisteredOffice2023-01-012023-12-3113813958ns5:CurrentFinancialInstruments2023-12-3113813958ns5:CurrentFinancialInstruments2022-12-3113813958ns5:Non-currentFinancialInstruments2023-12-3113813958ns5:Non-currentFinancialInstruments2022-12-3113813958ns5:ShareCapital2023-12-3113813958ns5:ShareCapital2022-12-3113813958ns5:RetainedEarningsAccumulatedLosses2023-12-3113813958ns5:RetainedEarningsAccumulatedLosses2022-12-3113813958ns5:PlantMachinery2023-01-012023-12-3113813958ns5:PlantMachinery2023-12-3113813958ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3113813958ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3113813958ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3113813958ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3113813958ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3113813958ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3113813958ns5:Secured2023-12-3113813958ns5:Secured2022-12-31
REGISTERED NUMBER: 13813958 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Ideal Homes (NW) Limited

Ideal Homes (NW) Limited (Registered number: 13813958)






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


Ideal Homes (NW) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Jordan





REGISTERED OFFICE: 582 Rochdale Road
Royton
Oldham
Lancashire
OL2 6SH





REGISTERED NUMBER: 13813958 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Ideal Homes (NW) Limited (Registered number: 13813958)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,974 -
Investment property 5 536,800 145,646
538,774 145,646

CURRENT ASSETS
Cash at bank 3,654 1,050

CREDITORS
Amounts falling due within one year 6 224,759 42,867
NET CURRENT LIABILITIES (221,105 ) (41,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,669

103,829

CREDITORS
Amounts falling due after more than one
year

7

(314,138

)

(103,275

)

PROVISIONS FOR LIABILITIES (375 ) -
NET ASSETS 3,156 554

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,056 454
3,156 554

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 director acknowledges his 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.

Ideal Homes (NW) Limited (Registered number: 13813958)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





K Jordan - Director


Ideal Homes (NW) Limited (Registered number: 13813958)

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

1. STATUTORY INFORMATION

Ideal Homes (NW) 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 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 annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is stated at director's valuation. The valuation has not been updated due to the cost involved.

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 1 (2022 - 1 ) .

Ideal Homes (NW) Limited (Registered number: 13813958)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 2,322
At 31 December 2023 2,322
DEPRECIATION
Charge for year 348
At 31 December 2023 348
NET BOOK VALUE
At 31 December 2023 1,974

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 145,646
Additions 391,154
At 31 December 2023 536,800
NET BOOK VALUE
At 31 December 2023 536,800
At 31 December 2022 145,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 2,879 -
Tax 342 106
Other creditors 25,000 -
Loan from related company 195,448 -
Directors' current accounts 190 42,160
Accrued expenses 900 601
224,759 42,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 3,126 -
Bank loans - 2-5 years 11,040 -
Bank loans more 5 yr by instal 299,972 103,275
314,138 103,275

Ideal Homes (NW) Limited (Registered number: 13813958)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 299,972 103,275

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 317,017 103,275

The bank loan is secured on the investment properties and by a personal guarantee limited to £20,000.

9. RELATED PARTY DISCLOSURES

During the year the company received loans from Ideal Brickwork Contractors Ltd, a company owned and controlled by the director, Mr K Jordan. At 31 December 2023, the company owed Ideal Brickwork Contractors Ltd owed the company the sum of £195,448 (2022: £Nil). The loan is unsecured, interest free and repayable on demand.