Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-07-04false0Investment Holding Companyfalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14978212 2023-07-03 14978212 2023-07-04 2024-04-30 14978212 2022-07-04 2023-07-03 14978212 2024-04-30 14978212 c:Director1 2023-07-04 2024-04-30 14978212 d:ShareCapital 2023-07-04 2024-04-30 14978212 d:ShareCapital 2024-04-30 14978212 d:RetainedEarningsAccumulatedLosses 2023-07-04 2024-04-30 14978212 d:RetainedEarningsAccumulatedLosses 2024-04-30 14978212 c:OrdinaryShareClass1 2023-07-04 2024-04-30 14978212 c:OrdinaryShareClass1 2024-04-30 14978212 c:OrdinaryShareClass2 2023-07-04 2024-04-30 14978212 c:OrdinaryShareClass2 2024-04-30 14978212 c:FRS102 2023-07-04 2024-04-30 14978212 c:AuditExempt-NoAccountantsReport 2023-07-04 2024-04-30 14978212 c:FullAccounts 2023-07-04 2024-04-30 14978212 c:PrivateLimitedCompanyLtd 2023-07-04 2024-04-30 14978212 6 2023-07-04 2024-04-30 14978212 e:PoundSterling 2023-07-04 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14978212









GET IDEAL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
GET IDEAL HOLDINGS LIMITED
REGISTERED NUMBER: 14978212

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Investments
 4 
9,618,950

  
9,618,950

  

Total assets less current liabilities
  
 
9,618,950

  

Net assets
  
9,618,950


Capital and reserves
  

Called up share capital 
  
200

Profit and loss account
  
9,618,750

  
9,618,950


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2024.




Joe Davies
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
GET IDEAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
9,806,250
9,806,250


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
9,806,250
9,806,250


Contributions by and distributions to owners

Dividends: Equity capital
-
(187,500)
(187,500)

Shares issued during the period
200
-
200


Total transactions with owners
200
(187,500)
(187,300)


At 30 April 2024
200
9,618,750
9,618,950

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GET IDEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Point North Park Plaza, Heath Hayes, Cannock, England, WS12 2DB. The company was incorporated on 4 July 2023 and its principal activity is that of an investment holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Page 3

 
GET IDEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the period was 2.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
9,618,950



At 30 April 2024
9,618,950




Page 4

 
GET IDEAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Share capital

2024
£
Allotted, called up and fully paid


180 A Ordinary £1 Shares shares of £1.00 each
180
20 C Ordinary £1 Shares shares of £1.00 each
20

200


On the 3 July 2023 the initial shares were issued to a value of £100 in order to establish the capital base of the company. On 27 October 2023 further shares were issued to a value of £100 as part of a share for share exchange. 


6.


Related party transactions

The company has taken advantage of the exemption contained within paragraph 33.1A of Financial Reporting Standard 102 and has not disclosed transactions with other group companies.


7.


Controlling party

The controlling party is Joe Davies.

Page 5