IDM Properties LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—6

Registered number: OC314009

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,689,694		5,004,373

			5,689,694		5,004,373
CURRENT ASSETS
Debtors	5	351,789		389,254
Cash at bank and in hand		142,250		75,205

		494,039		464,459
Creditors: Amounts Falling Due Within One Year	6	(3,770,879 )		(3,423,404 )

NET CURRENT ASSETS (LIABILITIES)			(3,276,840 )		(2,958,945 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,412,854		2,045,428

Creditors: Amounts Falling Due After More Than One Year	7		(3,574,227 )		(3,571,518 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(1,161,373 )		(1,526,090 )

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(74,881)		54,327
Other reserves		(1,086,492)		(1,580,417)

			(1,161,373)		(1,526,090)

TOTAL MEMBERS' INTEREST
Members' other interests			(1,161,373)		(1,526,090)

			(1,161,373)		(1,526,090)

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IDM Properties LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Andrew Curtis

Designated Member

23rd December 2025

The notes on pages 4 to 6 form part of these financial statements.

	EQUITY
	Members' other interests
	Members'Capital classified as Equity	Other Reserves	Total Equity	Total members' interest
	£	£	£	£
Balance at 1 April 2023	(303,008)	(1,274,092 )	(1,577,100)	(1,577,100)
Profit/(loss) for the financial year available for discretionary division among members	-	(306,325 )	(306,325 )	(306,325 )

Members' interests after profit/(loss) for the year	(303,008)	(1,580,417)	(1,883,425)	(1,883,425)
Introduced by members	496,335	-	496,335	496,335
Drawings	(139,000)	-	(139,000)	(139,000)

As at 31 March 2024 and 1 April 2024	54,327	(1,580,417)	(1,526,090)	(1,526,090)


Profit/(loss) for the financial year available for discretionary division among members	-	493,925	493,925	493,925

Members' interests after profit/(loss) for the year	54,327	(1,086,492)	(1,032,165)	(1,032,165)
Introduced by members	50,000	-	50,000	50,000
Drawings	(179,208)	-	(179,208)	(179,208)

As at 31 March 2025	(74,881)	(1,086,492)	(1,161,373)	(1,161,373)

1. General Information

IDM Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC314009 . The Registered Office is Office B, Gainsborough Studios West, 1 Poole Street, London, N1 5EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	None
Leasehold	None
Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exist a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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IDM Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial instruments Recognition and Measurement

All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exceptions to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

2.8. Financial instruments Impairment of financial assets

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 13)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 April 2024	4,886,347	100,000	13,645	107,466
Revaluation	696,653	-	-	-

As at 31 March 2025	5,583,000	100,000	13,645	107,466

Depreciation
As at 1 April 2024	-	-	13,645	95,727
Provided during the period	-	-	-	6,989

As at 31 March 2025	-	-	13,645	102,716

Net Book Value
As at 31 March 2025	5,583,000	100,000	-	4,750

As at 1 April 2024	4,886,347	100,000	-	11,739


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 April 2024	111,380	5,218,838
Revaluation	-	696,653

As at 31 March 2025	111,380	5,915,491

Depreciation
As at 1 April 2024	105,093	214,465
Provided during the period	4,343	11,332

As at 31 March 2025	109,436	225,797

...CONTINUED

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IDM Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,944	5,689,694

As at 1 April 2024	6,287	5,004,373

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,662	17,810
Prepayments and accrued income	19,309	26,350
Other debtors	323,818	340,091
VAT	-	5,003

	351,789	389,254

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	52,612	40,706
Other taxes and social security	52,807	86,926
VAT	61,661	-
Other creditors	2,998,495	2,690,468
Accruals and deferred income	605,304	605,304

	3,770,879	3,423,404

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,574,227	3,571,518

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