Company registration number 08902723 (England and Wales)
IDEAL DEVELOPMENTS (SY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
IDEAL DEVELOPMENTS (SY) LTD
COMPANY INFORMATION
Directors
Ms Elizabeth Briggs
Mr Stuart Dempsey
Mr J Dempsey
(Appointed 6 February 2025)
Company number
08902723
Registered office
12 Reneville Crescent
Ecclesfield
Sheffield
South Yorkshire
S5 9DA
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Business address
12 Reneville Crescent
Ecclesfield
Sheffield
South Yorkshire
S5 9DA
Bankers
Lloyds Bank
1 High Street
Sheffield
South Yorkshire
S1 2GA
IDEAL DEVELOPMENTS (SY) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
IDEAL DEVELOPMENTS (SY) LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,982
6,641
Investment property
4
179,999
-
0
184,981
6,641
Current assets
Stocks
-
127,204
Debtors
5
-
0
4,208
Cash at bank and in hand
18,830
3,549
18,830
134,961
Creditors: amounts falling due within one year
6
(187,461)
(183,854)
Net current liabilities
(168,631)
(48,893)
Net assets/(liabilities)
16,350
(42,252)
Capital and reserves
Called up share capital
7
100
100
Other reserves
51,900
-
0
Profit and loss reserves
(35,650)
(42,352)
Total equity
16,350
(42,252)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
Mr Stuart Dempsey
Director
Company registration number 08902723 (England and Wales)
IDEAL DEVELOPMENTS (SY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Ideal Developments (SY) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Reneville Crescent, Ecclesfield, Sheffield, South Yorkshire, S5 9DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

IDEAL DEVELOPMENTS (SY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments
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.

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 paymen ts 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
IDEAL DEVELOPMENTS (SY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
46,817
Depreciation and impairment
At 1 April 2024
40,176
Depreciation charged in the year
1,659
At 31 March 2025
41,835
Carrying amount
At 31 March 2025
4,982
At 31 March 2024
6,641
4
Investment property
2025
£
Fair value
At 1 April 2024
-
0
Additions
128,099
Revaluations
51,900
At 31 March 2025
179,999

Investment property comprises £180,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out 31 March 2025 by the directors. The valuation was made on an open market value basis.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
4,208

Other debtors include - £Nil (2024 -£4,208) consist of VAT recoverable £Nil (2024 - £4,208 )

IDEAL DEVELOPMENTS (SY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
66
-
0
Taxation and social security
550
118
Other creditors
186,845
183,736
187,461
183,854

Other creditors of £186,845 (2024 - £183,736) include connected company loan £182,664 (202 4 - £181,399), wages and salaries £2,369 (202 4 - £1,232), Directors' current account - £627 (2024 - £Nil) and accruals £1,1 8 5 (202 4 - £1,105).

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
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