REGISTERED NUMBER: 08606830 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ideal Fostering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B S D Pattni

Mrs M B Pattni

Dr M B Roe

REGISTERED OFFICE:

1 Coton Lane

Erdington

Birmingham

West Midlands

B23 6TP

REGISTERED NUMBER:

08606830 (England and Wales)

FIXED ASSETS

Intangible assets

4

2,829,474

3,242,226

Tangible assets

5

36,144

46,085

2,865,618

3,288,311

CURRENT ASSETS

Debtors

6

7,063,000

5,770,559

Cash at bank and in hand

722,312

429,620

7,785,312

6,200,179

CREDITORS

Amounts falling due within one year

7

861,818

878,573

NET CURRENT ASSETS

6,923,494

5,321,606

TOTAL ASSETS LESS CURRENT LIABILITIES

9,789,112

8,609,917

CREDITORS

Amounts falling due after more than one year

8

(487,610

)

(410,800

)

PROVISIONS FOR LIABILITIES

(9,875

)

(15,089

)

NET ASSETS

9,291,627

8,184,028

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

9,290,627

8,183,028

SHAREHOLDERS' FUNDS

9,291,627

8,184,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr B S D Pattni - Director

Mrs M B Pattni - Director

1.	STATUTORY INFORMATION

Ideal Fostering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Ideal software hub is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

6,000,000

63,758

6,063,758

AMORTISATION

At 1 April 2024

2,800,000

21,532

2,821,532

Charge for year

400,000

12,752

412,752

At 31 March 2025

3,200,000

34,284

3,234,284

NET BOOK VALUE

At 31 March 2025

2,800,000

29,474

2,829,474

At 31 March 2024

3,200,000

42,226

3,242,226

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

156,536

DEPRECIATION

At 1 April 2024

110,451

Charge for year

9,941

At 31 March 2025

120,392

NET BOOK VALUE

At 31 March 2025

36,144

At 31 March 2024

46,085

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

471,472

521,472

Other debtors

877,567

741,922

1,349,039

1,263,394

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

3,350

Amounts owed by associates

3,540,772

2,700,343

Other debtors

2,173,189

1,803,472

5,713,961

4,507,165

Aggregate amounts

7,063,000

5,770,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

93,215

138,713

Taxation and social security

683,993

681,873

Other creditors

84,610

57,987

861,818

878,573

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

295,246

262,867

Amounts owed to associates

192,364

147,933

487,610

410,800

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr B S D Pattni

Balance outstanding at start of year

1,803,472

1,388,142

Amounts advanced

402,082

415,330

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,205,554

1,803,472

During the year, interest charges using average method on Director's Loan Account overdrawn has been treated as benefit in Kind and S455 tax is applicable on amount advanced during the year.

10.	ULTIMATE CONTROLLING PARTY

The control of the company is exercised by Ideal Fostering Holdings Limited by virtue of shareholdings.