Silverfin false false 31/05/2025 01/06/2024 31/05/2025 N Jones 02/05/2018 08 February 2026 The principal activity of the Company during the financial year was the rental of own real estate. 11340514 2025-05-31 11340514 bus:Director1 2025-05-31 11340514 2024-05-31 11340514 core:CurrentFinancialInstruments 2025-05-31 11340514 core:CurrentFinancialInstruments 2024-05-31 11340514 core:ShareCapital 2025-05-31 11340514 core:ShareCapital 2024-05-31 11340514 core:FurtherSpecificReserve1ComponentTotalEquity 2025-05-31 11340514 core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31 11340514 core:RetainedEarningsAccumulatedLosses 2025-05-31 11340514 core:RetainedEarningsAccumulatedLosses 2024-05-31 11340514 core:CostValuation 2024-05-31 11340514 core:CostValuation 2025-05-31 11340514 2024-06-01 2025-05-31 11340514 bus:FilletedAccounts 2024-06-01 2025-05-31 11340514 bus:SmallEntities 2024-06-01 2025-05-31 11340514 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11340514 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11340514 bus:Director1 2024-06-01 2025-05-31 11340514 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 11340514 (England and Wales)

# IDJ DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

IDJ DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

IDJ DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 31 May 2025
IDJ DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Investment property | 4 | 65,000 |  | 75,000
Investments | 5 | 2 |  | 2
|  | 65,002 |  | 75,002
Current assets |  |  |  |
Debtors | 6 | 75,798 |  | 77,228
Cash at bank and in hand |  | 6,716 |  | 2,468
|  | 82,514 |  | 79,696
Creditors: amounts falling due within one year | 7 | ( 133,979) |  | ( 133,393)
Net current liabilities |  | (51,465) |  | (53,697)
Total assets less current liabilities |  | 13,537 |  | 21,305
Provision for liabilities | 8 | ( 1,250) |  | ( 2,850)
Net assets |  | 12,287 |  | 18,455
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 3,750 |  | 12,150
Profit and loss account |  | 8,437 |  | 6,205
Total shareholders' funds |  | 12,287 |  | 18,455

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of IDJ Developments Limited (registered number: 11340514) were approved and authorised for issue by the Director on 08 February 2026. They were signed on its behalf by:

N Jones Director |

IDJ DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
IDJ DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

IDJ Developments Limited (the Company) 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 is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net current liabilities of £51,465. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Prior year adjustment

The accounts for the year ended 31 May 2024 have been restated to include amendments to the Fair Value Reserve, Deferred Tax (within Provision for liabilities), Investments and the Director's Loan Account balances following a review in the current financial year.

##### Turnover

Turnover represents amounts receivable for the rent of its investment property. Income is recognised when there is a right to consideration, and is recorded at the value of the consideration due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Prior year adjustment

The accounts have been restated to include amendments to the Fair Value Reserve, Deferred Tax (within Provision for liabilities), Investments and the Director's Loan Account following a review in the current financial year. The net effect on retained earnings (profit or loss account) for the previous financial period is £nil.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 31 May 2024 |  | £ |  | £ |  | £
Fair value reserve |  | 19,985 |  | (7,835) |  | 12,150
Deferred Tax |  | 4,688 |  | (1,838) |  | 2,850
Investments |  | 0 |  | 2 |  | 2
Director's Loan Account |  | 121,659 |  | 9,675 |  | 131,334

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 75,000
Fair value movement | (10,000)
As at 31 May 2025 | 65,000

Valuation

The fair value of the company's investment property was revalued on 31 May 2025 by the director. The valuation was conducted at current open market value.
The deferred tax attributable to the investment property fair value adjustments has been considered at 31 May 2025 and has been presented within provisions for liabilities on the balance sheet. Movements in the provision are recognised in profit or loss and subsequently transferred to the fair value reserve.
There has been no valuation of investment property by an independent valuer.

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 June 2024 | 2 |  | 2
At 31 May 2025 | 2 |  | 2
Carrying value at 31 May 2025 | 2 |  | 2
Carrying value at 31 May 2024 | 2 |  | 2

Other investments comprise of £1 ordinary shares held in property management companies.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 204
Prepayments | 75,798 |  | 75,598
VAT recoverable | 0 |  | 1,426
| 75,798 |  | 77,228

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 610 |  | 410
Amounts owed to director | 131,334 |  | 131,334
Accruals and deferred income | 1,273 |  | 1,270
Corporation tax | 523 |  | 379
Other taxation and social security | 239 |  | 0
| 133,979 |  | 133,393

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 1,250 |  | 2,850