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REGISTERED NUMBER: SC162143 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

IDER Holdings Limited

IDER Holdings Limited (Registered number: SC162143)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDER Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L Reid



SECRETARY: Mrs. B A Reid



REGISTERED OFFICE: 22 Great King Street
Edinburgh
EH3 6QH



REGISTERED NUMBER: SC162143 (Scotland)



ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ



SOLICITORS: Anderson Strathen
58 Morrison Street
Edinburgh
EH3 8BP

IDER Holdings Limited (Registered number: SC162143)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 7,461,000 7,461,000
7,461,050 7,461,050

CURRENT ASSETS
Debtors 6 792,151 771,268
Cash at bank 38,253 36,151
830,404 807,419
CREDITORS
Amounts falling due within one year 7 608,206 642,707
NET CURRENT ASSETS 222,198 164,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,683,248

7,625,762

CREDITORS
Amounts falling due after more than one
year

8

(689,523

)

(740,901

)

PROVISIONS FOR LIABILITIES (699,032 ) (699,032 )
NET ASSETS 6,294,693 6,185,829

CAPITAL AND RESERVES
Called up share capital 502 502
Fair value reserve 9 3,090,235 3,090,235
Retained earnings 9 3,203,956 3,095,092
SHAREHOLDERS' FUNDS 6,294,693 6,185,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

IDER Holdings Limited (Registered number: SC162143)

Balance Sheet - continued
30 June 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 18 February 2025 and were signed by:





L Reid - Director


IDER Holdings Limited (Registered number: SC162143)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

IDER Holdings Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprise revenue recognised by the company in respect of rent receivable during the year, exclusive of Value Added Tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

IDER Holdings Limited (Registered number: SC162143)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 50
NET BOOK VALUE
At 30 June 2024 50
At 30 June 2023 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 7,461,000
NET BOOK VALUE
At 30 June 2024 7,461,000
At 30 June 2023 7,461,000

The historic cost of the investment properties is £3,671,733.

The properties were valued by the director in 2022 on an open market basis. The director considers this valuation not to be materially different to the value as at 30th June 2024.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 7,461,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 1,823
Amounts owed by group undertakings 731,699 719,414
Other debtors 60,452 50,031
792,151 771,268

IDER Holdings Limited (Registered number: SC162143)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 54,850 58,314
Trade creditors 3,005 2,988
Amounts owed to group undertakings 478,135 510,719
Taxation and social security 36,301 31,029
Other creditors 35,915 39,657
608,206 642,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 689,523 740,901

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 3,095,092 3,090,235 6,185,327
Profit for the year 108,864 - 108,864
At 30 June 2024 3,203,956 3,090,235 6,294,191

10. RELATED PARTY DISCLOSURES

The director, L Reid, is a director of Benchmark Lettings Limited. Included in amounts owed to group undertakings is an amount due to Benchmark Lettings Limited of £7,865 (2023: £38,722). This balance is unsecured, interest free and has no fixed repayment terms.

The director, L Reid, is also a director of IDER Property Holdings Limited. Included in amounts owed to group undertakings is an amount due to IDER Property Holdings Limited of £470.270 (2023: £471,997). This balance is unsecured, interest free and has no fixed repayment terms.

The director, L Reid, is also a director of GLOH Limited. Included in amounts owed from group undertakings is an amount from GLOH Limited of £86,479 (2023: £62,933). This balance is unsecured, interest free and has no fixed repayment terms.

The director, L Reid, is also a director of Grange Communications Limited. Included in amounts owed from related undertakings is an amount owed from Grange Communications Limited of £410,933 (2023: £296,046).. This balance is unsecured, interest free and has no fixed repayment terms.

The director, L Reid, is also a director of Ider Investments Holdings Limited. Included in amounts owed from related undertakings is an amount owed from Ider Investments Holdings Limited of £234,287 (2023: £360,375). This balance is unsecured and has no fixed repayment terms.Interest is accruing on the outstanding amounts.

IDER Holdings Limited (Registered number: SC162143)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Reid.

The parent company is IDER Property Holdings Limited, a company incorporated in Scotland.