Company Registration No. 11631853 (England and Wales)
Ideal Corner Investment Ltd
Unaudited accounts
for the year ended 30 September 2025
Ideal Corner Investment Ltd
Unaudited accounts
Contents
Ideal Corner Investment Ltd
Company Information
for the year ended 30 September 2025
Directors
Tina Thuy Nguyen
Le Hoang Ngo
Company Number
11631853 (England and Wales)
Registered Office
5 London Road
Berkhamsted
HP4 2BU
England
Accountants
Savtax Accountants Ltd
Office 9
Eternity House
21-24 Hickman Avenue
London
E4 9GA
Ideal Corner Investment Ltd
Statement of financial position
as at 30 September 2025
Investment property
1,083,494
451,719
Cash at bank and in hand
289
33,400
Creditors: amounts falling due within one year
(369,937)
(157,766)
Net current liabilities
(346,668)
(124,366)
Total assets less current liabilities
736,826
327,353
Creditors: amounts falling due after more than one year
(727,004)
(321,024)
Called up share capital
100
100
Profit and loss account
9,722
6,229
Shareholders' funds
9,822
6,329
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by
Le Hoang Ngo
Director
Company Registration No. 11631853
Ideal Corner Investment Ltd
Notes to the Accounts
for the year ended 30 September 2025
Ideal Corner Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 11631853. The registered office is 5 London Road, Berkhamsted, HP4 2BU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as cash, creditors and borrowings.
Borrowings, including mortgage loans, are recognised initially at the amount received and subsequently measured at amortised cost. Interest is recognised in profit or loss over the term of the loan
Fair value at 1 October 2024
451,719
At 30 September 2025
1,083,494
Amounts falling due within one year
Ideal Corner Investment Ltd
Notes to the Accounts
for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,281
1,461
Loans from directors
366,936
155,585
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
727,004
321,024
Included in the creditors due after two years are interest only mortgage loans.
8
Transactions with related parties
At the balance sheet date, the company owed £727,004 to the directors to fund the purchase of investment properties.
The loan is unsecured, interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).