1 June 2024 false No description of principal activity Taxfiler 2024.6 13388520business:PrivateLimitedCompanyLtd2024-06-012024-12-31 133885202024-05-31 133885202024-06-012024-12-31 13388520business:AuditExemptWithAccountantsReport2024-06-012024-12-31 13388520business:FilletedAccounts2024-06-012024-12-31 133885202024-12-31 13388520business:Director12024-06-012024-12-31 13388520business:RegisteredOffice2024-06-012024-12-31 133885202024-05-31 13388520core:WithinOneYear2024-12-31 13388520core:WithinOneYear2024-05-31 13388520core:AfterOneYear2024-12-31 13388520core:AfterOneYear2024-05-31 13388520core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13388520core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13388520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13388520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13388520core:PreviouslyStatedAmount2024-12-31 13388520core:PreviouslyStatedAmount2024-05-31 13388520business:SmallEntities2024-06-012024-12-31 13388520countries:EnglandWales2024-06-012024-12-31 13388520core:LandBuildings2024-06-012024-12-31 13388520core:PlantMachinery2024-06-012024-12-31 13388520core:LandBuildings2024-05-31 13388520core:PlantMachinery2024-05-31 13388520core:LandBuildings2024-12-31 13388520core:PlantMachinery2024-12-31 13388520core:AfterOneYear2024-06-012024-12-31 133885202023-06-012024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13388520 (England and Wales)
IDEAS CAPITAL LTD Unaudited accounts for the period from 1 June 2024 to 31 December 2024
IDEAS CAPITAL LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
IDEAS CAPITAL LTD Company Information for the period from 1 June 2024 to 31 December 2024
Director
Mr. Mahesh Devinde Ratnayake Rajapaksha Mudalige
Company Number
13388520 (England and Wales)
Registered Office
29 Churchfield Close Harrow Middlesex HA2 6BD England
Accountants
NJ Accountants Ltd CIMA Member In Practice, FCMA, CGMA 53 Edgefield Avenue Barking Essex IG11 9JL
- 3 -
IDEAS CAPITAL LTD Statement of financial position as at 31 December 2024
31/12/2024 
31/05/2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
669,480 
699,000 
Current assets
Cash at bank and in hand
1,824 
174 
Creditors: amounts falling due within one year
5
(316,150)
(315,075)
Net current liabilities
(314,326)
(314,901)
Total assets less current liabilities
355,154 
384,099 
Creditors: amounts falling due after more than one year
6
(568,340)
(575,346)
Net liabilities
(213,186)
(191,247)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(213,187)
(191,248)
Shareholders' funds
(213,186)
(191,247)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2025 and were signed on its behalf by
Mr. Mahesh Devinde Ratnayake Rajapaksha Mudalige Director Company Registration No. 13388520
- 4 -
IDEAS CAPITAL LTD Notes to the Accounts for the period from 1 June 2024 to 31 December 2024
1
Statutory information
IDEAS CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 13388520. The registered office is 29 Churchfield Close, Harrow, Middlesex, HA2 6BD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% depreciation
Plant & machinery
18% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2024
535,000 
200,000 
735,000 
At 31 December 2024
535,000 
200,000 
735,000 
Depreciation
At 1 June 2024
- 
36,000 
36,000 
Charge for the period
- 
29,520 
29,520 
At 31 December 2024
- 
65,520 
65,520 
Net book value
At 31 December 2024
535,000 
134,480 
669,480 
At 31 May 2024
535,000 
164,000 
699,000 
Borehamwood property £550,000 Harrow property £650,000
- 5 -
IDEAS CAPITAL LTD Notes to the Accounts for the period from 1 June 2024 to 31 December 2024
5
Creditors: amounts falling due within one year
31/12/2024 
31/05/2024 
£ 
£ 
Other creditors
214,949 
214,374 
Loans from directors
100,701 
100,201 
Accruals
500 
500 
316,150 
315,075 
6
Creditors: amounts falling due after more than one year
31/12/2024 
31/05/2024 
£ 
£ 
Bank loans
568,340 
575,346 
Santander bank loan £585,000 - capital repayment £18,683 = £566,317
7
Average number of employees
During the period the average number of employees was 1 (31/05/2024: 1).
- 6 -