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REGISTERED NUMBER: 08606008 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

The Ideas Room Ltd

The Ideas Room Ltd (Registered number: 08606008)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Ideas Room Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J G S Dear





REGISTERED OFFICE: 56 Westover Road
London
SW18 2RH





REGISTERED NUMBER: 08606008 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

The Ideas Room Ltd (Registered number: 08606008)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 568 581

CURRENT ASSETS
Debtors 5 1,043 28,203
Cash at bank 88,001 72,357
89,044 100,560
CREDITORS
Amounts falling due within one year 6 14,423 18,898
NET CURRENT ASSETS 74,621 81,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,189

82,243

PROVISIONS FOR LIABILITIES 142 111
NET ASSETS 75,047 82,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,947 82,032
SHAREHOLDERS' FUNDS 75,047 82,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

The Ideas Room Ltd (Registered number: 08606008)

Balance Sheet - continued
31 July 2024


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 25 October 2024 and were signed by:





J G S Dear - Director


The Ideas Room Ltd (Registered number: 08606008)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

The Ideas Room Ltd 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.

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.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provision of the financial instrument.

Cash and cash equivalents
Comprises of cash at bank.

Financial Assets
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial Liabilities
Creditors are not interest bearing and are stated at their nominal value.


The Ideas Room Ltd (Registered number: 08606008)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 1,026 639 1,665
Additions 327 - 327
At 31 July 2024 1,353 639 1,992
DEPRECIATION
At 1 August 2023 758 326 1,084
Charge for year 200 140 340
At 31 July 2024 958 466 1,424
NET BOOK VALUE
At 31 July 2024 395 173 568
At 31 July 2023 268 313 581

The Ideas Room Ltd (Registered number: 08606008)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 28,000
Tax 369 -
VAT 609 165
Prepayments 65 38
1,043 28,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax - 9,694
Directors' loan accounts 13,273 8,149
Accruals 1,150 1,055
14,423 18,898

7. ULTIMATE CONTROLLING PARTY

The controlling party is J G S Dear.