ACCOUNTS - Final Accounts preparation

Company registration number: 10725015

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	IDEOVATE LIMITED


IDEOVATE LIMITED

COMPANY INFORMATION

Directors	JP Camelbeek
	Dr VC Ginn


Company secretary	JP Camelbeek


Registered number	10725015


Registered office	5 Abercorn Mews
	77 Kings Road
	Richmond
	TW10 6BY


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


IDEOVATE LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


IDEOVATE LIMITED REGISTERED NUMBER:10725015

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		19,766		26,355
			19,766		26,355
Current assets
Debtors: amounts falling due within one year	5	87,840		197,850
Current asset investments	6	150,525		-
Cash at bank and in hand		221,101		143,968
		459,466		341,818
Creditors: amounts falling due within one year	7	(65,656)		(25,208)
Net current assets			393,810		316,610
Total assets less current liabilities			413,576		342,965

Net assets			413,576		342,965

Capital and reserves
Called up share capital	200	200
Profit and loss account	413,376	342,765
	413,576	342,965

Page 1


IDEOVATE LIMITED REGISTERED NUMBER:10725015

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

JP Camelbeek

Director

Date: 8 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


IDEOVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Ideovate Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is shown on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


IDEOVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles	-	25%
Fixtures and fittings	-	25%
Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	43,264	6,002	7,149	56,415
At 31 March 2025	43,264	6,002	7,149	56,415
Depreciation
At 1 April 2024	18,928	3,983	7,149	30,060
Charge for the year on owned assets	6,084	505	-	6,589
At 31 March 2025	25,012	4,488	7,149	36,649
Net book value
At 31 March 2025	18,252	1,514	-	19,766
At 31 March 2024	24,336	2,019	-	26,355

Page 4


IDEOVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	51,840	-
Other debtors	-	195,000
Prepayments and accrued income	36,000	2,850
	87,840	197,850

6.	Current asset investments
		2025	2024
		£	£

Listed investments	150,525	-
	150,525	-

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	35,413	-
Other taxation and social security	8,571	131
Other creditors	19,297	22,877
Accruals and deferred income	2,375	2,200
	65,656	25,208

8.	Related party transactions
	During the year the following transactions with the directors took place:

		Brought forward	Advance	Repaid	Carried forward
		£	£	£	£

J P Camelbeek	(6,145)	-	(284)	(6,429)
Dr V C Ginn	(16,732)	48,079	(51,943)	(12,868)
Dr V C Ginn Loan 2	195,000	-	(195,000)	-

JP Camelbeek and Dr Ginn did not charge the company interest on their loans to the company.

Page 5