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REGISTERED NUMBER: 14476433 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

I@D UK LIMITED

I@D UK LIMITED (REGISTERED NUMBER: 14476433)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


I@D UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C N Delpirou
L O'Brien



SECRETARY: J A Bull



REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG



REGISTERED NUMBER: 14476433 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Philip Jones (FCA)



AUDITORS: Orcom Civvals Audit Limited
Chartered Accountants and
Statutory Auditors
50 Seymour Street
London
W1H 7JG

I@D UK LIMITED (REGISTERED NUMBER: 14476433)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,020 -
Investments 5 1,830,351 -
1,835,371 -

CURRENT ASSETS
Debtors 6 413,487 19,862
Cash at bank 117,977 49,983
531,464 69,845
CREDITORS
Amounts falling due within one year 7 (3,171,806 ) (109,777 )
NET CURRENT LIABILITIES (2,640,342 ) (39,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(804,971

)

(39,932

)

CREDITORS
Amounts falling due after more than
one year

8

(502,980

)

-
NET LIABILITIES (1,307,951 ) (39,932 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,307,952 ) (39,933 )
(1,307,951 ) (39,932 )

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 Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:



C N Delpirou - Director


I@D UK LIMITED (REGISTERED NUMBER: 14476433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

I@D UK 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.

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.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

I@D UK LIMITED (REGISTERED NUMBER: 14476433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the Company has net liabilities of £1,231,623 at the year end. The parent company has agreed to provide financial support to the Company to the extent necessary to enable the Company to meet its obligations as they fall due for at least 12 months from the date of these financial statements.

The directors therefore consider that the going concern basis is appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,193
At 30 June 2024 5,193
DEPRECIATION
Charge for year 173
At 30 June 2024 173
NET BOOK VALUE
At 30 June 2024 5,020

I@D UK LIMITED (REGISTERED NUMBER: 14476433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,830,351
At 30 June 2024 1,830,351
NET BOOK VALUE
At 30 June 2024 1,830,351

The Company acquired 100% of the share capital of David Lee Estates Ltd on 12 July 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,615 -
Other debtors 388,872 19,862
413,487 19,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105,306 20,500
Taxation and social security 18,508 2,997
Other creditors 3,047,992 86,280
3,171,806 109,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 502,980 -

9. AUDITORS INFORMATION

The auditors report on the financial statements was unqualified.

Philip Jones (Senior Statutory Auditor) for and on behalf of Orcom Civvals Audit Limited signed the accounts on the the

I@D UK LIMITED (REGISTERED NUMBER: 14476433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The controlling party is I@D International Societe Par Actions Simplifiee, a company registered in France.