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Registered number: 05573095 IDEALUX LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
IDEALUX LIMITED REGISTERED NUMBER: 05573095 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | € |  | €
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,501,000 |  | 2,600,000
|  |  | 1,501,000 |  | 2,600,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 2,500 |  | - |
Cash at bank and in hand | 6 | 1 |  | 1 |
|  | 2,501 |  | 1 |
Creditors: amounts falling due within one year | 7 | (76,464) |  | (70,246) |
Net current liabilities |  |  | (73,963) |  | (70,245)
Total assets less current liabilities |  |  | 1,427,037 |  | 2,529,755
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | - |  | (110,000) |
|  |  | - |  | (110,000)
Net assets |  |  | 1,427,037 |  | 2,419,755
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1,500,001 |  | 1,500,001
Profit and loss account |  |  | (72,964) |  | 919,754
|  |  | 1,427,037 |  | 2,419,755
Page 1
IDEALUX LIMITED REGISTERED NUMBER: 05573095 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 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 comprehensive income 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 on 20 March 2026.
S A Corner
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
IDEALUX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Idealux Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX. The company specialises in investment property. 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 | Going concern
The financial statements have been prepared on a going concern basis. The company's property is occupied by the controlling shareholders. The shareholders fund the company's expenditure such that it will meet its liabilities as they fall due. The directors are satisfied that the shareholders can and will continue to fund the company for the foreseeable future. On this basis, the directors consider the going concern basis to be the appropriate basis on which to prepare these accounts.
| 2.3 | Investment property
Investment properties are properties held to earn rent and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.
| 2.4 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.5 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 3
IDEALUX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is Euros. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges. The year end Sterling to Euro exchange rate was £1 to €1.1468 (2024 - £1 to €1.20625).
| 2.7 | Current and deferred taxation
Tax is recognised in the Statement of comprehensive income, 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 4
IDEALUX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Investment property
|  | Freehold investment property
|  | €
| Valuation |
| At 1 January 2025 | 2,600,000
| Deficit on revaluation | (1,099,000)
| At 31 December 2025 | 1,501,000
The 2025 valuations were made by a local specialised estate agent with professional knowledge of the local real estate market, on an open market value for existing use basis.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Other debtors | 2,500 | -
|  | 2,500 | -
Page 5
IDEALUX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Cash at bank and in hand | 1 | 1
|  | 1 | 1
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Trade creditors | - | 352
| Other creditors | 72,844 | 66,187
| Accruals and deferred income | 3,620 | 3,707
|  | 76,464 | 70,246
8. | Deferred taxation
|  | 2025 | 2024
|  | € | €
| At beginning of year | 110,000 | 60,000
| (Credited)/charged to the Statement of comprehensive income | (110,000) | 50,000
| At end of year | - | 110,000
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Potential capital gains tax | - | 110,000
|  | - | 110,000
Page 6
IDEALUX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
|  | Allotted, called up and fully paid |  |
|  | 1 Deferred share of £1 | 1 | 1
|  | 1,500,000 Ordinary shares of €1 each | 1,500,000 | 1,500,000
|  |  | 1,500,001 | 1,500,001
10. | Related party transactions
| The investment property is occupied by Z and N D Mehta, the controlling shareholders of the company and they funded the running costs of the company amounting to €3,760 (2024 - €3,678) for the year. At the year end €72,844 (2024 - €66,187) was owed to them. During the year, the company was charged accountancy fees amounting to €3,760 (2024 - €3,678) by Barnes Roffe Advisory Limited, a firm in which a director is a partner. At the year end €2,500 (2024 - €352 due to) was due from Barnes Roffe Advisory Limited.
11. | Controlling party
The ultimate controlling parties are Z and N D Mehta by virtue of their 100% shareholding in the company.
Page 7