COMPANY REGISTRATION NUMBER:
07371422
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Identified Investments Ltd |
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|
Filleted Unaudited Financial Statements |
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Identified Investments Ltd |
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Statement of Financial Position |
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31 March 2025
Fixed assets
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Tangible assets |
4 |
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4,250,000 |
4,250,000 |
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|
|
|
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Current assets
|
Stocks |
32,250 |
|
– |
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Debtors |
5 |
913,366 |
|
919,654 |
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Cash at bank and in hand |
83,324 |
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56,194 |
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------------ |
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--------- |
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1,028,940 |
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975,848 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
9,110 |
|
2,700 |
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------------ |
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--------- |
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Net current assets |
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1,019,830 |
973,148 |
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------------ |
------------ |
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Total assets less current liabilities |
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5,269,830 |
5,223,148 |
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|
|
|
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Creditors: amounts falling due after more than one year |
7 |
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2,809,223 |
2,809,278 |
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Provisions
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Taxation including deferred tax |
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441,110 |
441,110 |
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------------ |
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Net assets |
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2,019,497 |
1,972,760 |
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------------ |
------------ |
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Capital and reserves
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Called up share capital |
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100 |
100 |
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Fair value reserve |
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1,880,523 |
1,880,523 |
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Profit and loss account |
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138,874 |
92,137 |
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------------ |
------------ |
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Shareholders funds |
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2,019,497 |
1,972,760 |
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------------ |
------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Identified Investments Ltd |
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Statement of Financial Position (continued) |
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31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
30 August 2025
, and are signed on behalf of the board by:
Company registration number:
07371422
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Identified Investments Ltd |
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Notes to the Financial Statements |
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Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite D, South Cambridge Business Park, Babraham Road, Sawston, Cambridge, CB22 5JH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost. Investment properties are stated at open market value at net of a provision for disposal costs.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4.
Tangible assets
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Land and buildings |
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£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
4,250,000 |
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------------ |
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Depreciation |
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At 1 April 2024 and 31 March 2025 |
– |
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------------ |
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Carrying amount |
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At 31 March 2025 |
4,250,000 |
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------------ |
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At 31 March 2024 |
4,250,000 |
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------------ |
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The freehold property is an investment property.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
840,747 |
840,747 |
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Other debtors |
72,619 |
78,907 |
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--------- |
--------- |
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913,366 |
919,654 |
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--------- |
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Corporation tax |
6,275 |
– |
|
Other creditors |
2,835 |
2,700 |
|
------- |
------- |
|
9,110 |
2,700 |
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------- |
------- |
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The bank loan is secured on the freehold property.
7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
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Bank loans and overdrafts |
2,809,223 |
2,809,278 |
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8.
Related party transactions
The company is 66.6% owned by Duo Investments Limited, a company controlled by M and T Dean, directors and 33.4% owned by Mr A De Simone.