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Company No: 10089954 (England and Wales)

IDINA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

IDINA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

IDINA LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
IDINA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Andrew James Bentinck
Frances Bentinck
SECRETARY Frances Bentinck
REGISTERED OFFICE 121 North Street Burwell
Cambridge
CB25 0BB
United Kingdom
COMPANY NUMBER 10089954 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
IDINA LIMITED

BALANCE SHEET

As at 31 March 2024
IDINA LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 250,000 250,216
250,000 250,216
Current assets
Debtors 4 1,980 0
Investments 5,000 0
Cash at bank and in hand 23,959 52,588
30,939 52,588
Creditors: amounts falling due within one year 5 ( 89,356) ( 96,517)
Net current liabilities (58,417) (43,929)
Total assets less current liabilities 191,583 206,287
Creditors: amounts falling due after more than one year 6 ( 140,000) ( 140,000)
Net assets 51,583 66,287
Capital and reserves
Called-up share capital 7 100 100
Revaluation reserve 42,155 42,155
Profit and loss account 9,328 24,032
Total shareholders' funds 51,583 66,287

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Idina Limited (registered number: 10089954) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

Frances Bentinck
Director
IDINA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
IDINA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Idina Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 121 North Street Burwell, Cambridge, CB25 0BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2023 250,000 1,295 251,295
At 31 March 2024 250,000 1,295 251,295
Accumulated depreciation
At 01 April 2023 0 1,079 1,079
Charge for the financial year 0 216 216
At 31 March 2024 0 1,295 1,295
Net book value
At 31 March 2024 250,000 0 250,000
At 31 March 2023 250,000 216 250,216

4. Debtors

2024 2023
£ £
Trade debtors 936 0
Other debtors 1,044 0
1,980 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,068 89
Amounts owed to associates 40,000 46,000
Taxation and social security 2,757 12,311
Other creditors 44,531 38,117
89,356 96,517

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 140,000 140,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
60 A ordinary shares of £ 1.00 each 60 60
40 B ordinary shares of £ 1.00 each 40 40
100 100

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors loan account 183,428 177,029