IRIS Accounts Production v25.2.0.378 02966481 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029664812023-11-30029664812024-11-30029664812023-12-012024-11-30029664812022-11-30029664812022-12-012023-11-30029664812023-11-3002966481ns15:EnglandWales2023-12-012024-11-3002966481ns14:PoundSterling2023-12-012024-11-3002966481ns10:Director12023-12-012024-11-3002966481ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3002966481ns10:SmallEntities2023-12-012024-11-3002966481ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3002966481ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3002966481ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3002966481ns10:FullAccounts2023-12-012024-11-3002966481ns10:OrdinaryShareClass12023-12-012024-11-3002966481ns10:Director22023-12-012024-11-3002966481ns10:CompanySecretary12023-12-012024-11-3002966481ns10:RegisteredOffice2023-12-012024-11-3002966481ns5:CurrentFinancialInstruments2024-11-3002966481ns5:CurrentFinancialInstruments2023-11-3002966481ns5:Non-currentFinancialInstruments2024-11-3002966481ns5:Non-currentFinancialInstruments2023-11-3002966481ns5:ShareCapital2024-11-3002966481ns5:ShareCapital2023-11-3002966481ns5:FurtherSpecificReserve3ComponentTotalEquity2024-11-3002966481ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3002966481ns5:RetainedEarningsAccumulatedLosses2024-11-3002966481ns5:RetainedEarningsAccumulatedLosses2023-11-3002966481ns5:MotorVehicles2023-11-3002966481ns5:ComputerEquipment2023-11-3002966481ns5:MotorVehicles2023-12-012024-11-3002966481ns5:ComputerEquipment2023-12-012024-11-3002966481ns5:MotorVehicles2024-11-3002966481ns5:ComputerEquipment2024-11-3002966481ns5:MotorVehicles2023-11-3002966481ns5:ComputerEquipment2023-11-3002966481ns5:CostValuationns5:ListedExchangeTraded2023-11-3002966481ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-11-3002966481ns5:AdditionsToInvestmentsns5:ListedExchangeTraded2024-11-3002966481ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2024-11-3002966481ns5:ListedExchangeTradedns5:DisposalsRepaymentsInvestments2024-11-3002966481ns5:UnlistedNon-exchangeTradedns5:DisposalsRepaymentsInvestments2024-11-3002966481ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-11-3002966481ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-11-3002966481ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-11-3002966481ns5:UnlistedNon-exchangeTradedns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2024-11-3002966481ns5:CostValuationns5:ListedExchangeTraded2024-11-3002966481ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-11-3002966481ns5:ListedExchangeTraded2024-11-3002966481ns5:UnlistedNon-exchangeTraded2024-11-3002966481ns5:ListedExchangeTraded2023-11-3002966481ns5:UnlistedNon-exchangeTraded2023-11-3002966481ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3002966481ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3002966481ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3002966481ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3002966481ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3002966481ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3002966481ns10:OrdinaryShareClass12024-11-3002966481ns5:RetainedEarningsAccumulatedLosses2023-11-3002966481ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3002966481ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-30
REGISTERED NUMBER: 02966481 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

IDEALREVIEW LIMITED

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDEALREVIEW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D G Brown
C D Brown





SECRETARY: Mrs A L Brown





REGISTERED OFFICE: 2 Ferry House
Far Sawrey
Ambleside
Cumbria
LA22 OLZ





REGISTERED NUMBER: 02966481 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

BALANCE SHEET
30 NOVEMBER 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,316 43,340
Investments 5 1,098,503 1,891,322
1,122,819 1,934,662

CURRENT ASSETS
Debtors 6 1,052,378 835,632
Investments 7 504,562 -
Cash at bank 110,259 34,474
1,667,199 870,106
CREDITORS
Amounts falling due within one year 8 258,025 747,534
NET CURRENT ASSETS 1,409,174 122,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,531,993

2,057,234

CREDITORS
Amounts falling due after more than one year 9 22,655 35,614
NET ASSETS 2,509,338 2,021,620

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair value reserve 12 (452,686 ) (79,961 )
Retained earnings 12 2,961,024 2,100,581
SHAREHOLDERS' FUNDS 2,509,338 2,021,620

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





D G Brown - Director


IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

1. STATUTORY INFORMATION

Idealreview 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.

Computer equipment - 25% on cost
Motor vehicles - 25% on cost

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate.The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset
expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are
discharged or cancelled.

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.

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 directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fixed and current asset investments
Investments in another entity's equity shares are measured at fair value, unless it is an unlisted investment whose fair value cannot be reliably measured, in which case it is measured at cost less impairment.

Changes in fair value are recognised in the profit and loss account.

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease of the term, whichever is the shorter.

The interest element is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 75,454 1,531 76,985
DEPRECIATION
At 1 December 2023 32,356 1,289 33,645
Charge for year 18,863 161 19,024
At 30 November 2024 51,219 1,450 52,669
NET BOOK VALUE
At 30 November 2024 24,235 81 24,316
At 30 November 2023 43,098 242 43,340

5. FIXED ASSET INVESTMENTS

30/11/24 30/11/23
£    £   
Other investments not loans 1,098,503 1,891,322

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 523,796 1,117,521 1,641,317
Additions 95,829 27,316 123,145
Disposals (48,285 ) (636,751 ) (685,036 )
Revaluations (70,891 ) (160,037 ) (230,928 )
Reclassification/transfer 60,350 (60,350 ) -
At 30 November 2024 560,799 287,699 848,498
NET BOOK VALUE
At 30 November 2024 560,799 287,699 848,498
At 30 November 2023 523,796 1,117,521 1,641,317


Investments (neither listed nor unlisted) were as follows:
30/11/24 30/11/23
£    £   
Other investments 250,005 250,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 3,840 2,880
Other debtors 852,044 709,022
Directors' current accounts 1,003 -
Tax - 8
VAT 1,151 12
Deferred tax asset 164,102 91,426
Prepayments 30,238 32,284
1,052,378 835,632

7. CURRENT ASSET INVESTMENTS
30/11/24 30/11/23
£    £   
Money market funds 504,562 -

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 10,289 10,035
Hire purchase contracts 2,672 2,672
Amounts owed to group undertakings - 569,311
Tax 240,612 -
Social security and other taxes 1,082 624
Directors' current accounts - 161,702
Accrued expenses 3,370 3,190
258,025 747,534

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans - 1-2 years 8,775 10,289
Bank loans - 2-5 years - 8,773
Hire purchase contracts 13,880 16,552
22,655 35,614

10. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Hire purchase contracts 16,552 19,224

The liabilities due under hire purchase agreements is secured on the related assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

IDEALREVIEW LIMITED (REGISTERED NUMBER: 02966481)

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

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

At 1 December 2023 2,100,581 (79,961 ) 2,020,620
Profit for the year 519,718 519,718
Dividends (32,000 ) (32,000 )
Transfer between reserves 372,725 (372,725 ) -
At 30 November 2024 2,961,024 (452,686 ) 2,508,338

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2024 a Director owed the company £1,003. The amount owed is deemed repayable on demand and no interest has been charged.

14. RELATED PARTY DISCLOSURES

The following entities are deemed to be related parties.

During the year the company loaned various monies to Brindle Homes Limited. Included in other debtors ia an amount of £844,000 (2023: £665,000) due from Brindle Homes Limited.The loan is deemed repayable on demand and no interest has been charged.

The amount due from The David Brown Discretionary Settlement Trust has been repaid in full during the year and as such there is no balance outstanding at the year end (2023: £40,000 included in other debtors). No interest has been charged.

The amount due to DGB1998 Holdings Limited has been repaid in full during the year and as such there is no balance outstanding at the year end (2023: £569,311 included in creditors). No interest has been charged.