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Company No: 12218327 (England and Wales)

# IDF INVESTMENTS LIMITED

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

IDF INVESTMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

IDF INVESTMENTS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 May 2025
IDF INVESTMENTS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025

DIRECTOR | I D Fern

REGISTERED OFFICE | Tutsham Farm
| West Farleigh
| Maidstone
| ME15 0NE
| United Kingdom

COMPANY NUMBER | 12218327 (England and Wales)

ACCOUNTANT | S&W Partners (South East) Limited
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS

IDF INVESTMENTS LIMITED

## BALANCE SHEET

As at 31 May 2025
IDF INVESTMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 12,549,050 |  | 11,840,013
Investments | 4 | 1 |  | 1
|  | 12,549,051 |  | 11,840,014
Current assets |  |  |  |
Debtors | 5 | 796,614 |  | 932,055
Cash at bank and in hand |  | 76,419 |  | 61,215
|  | 873,033 |  | 993,270
Creditors: amounts falling due within one year | 6 | ( 8,823,186) |  | ( 7,068,456)
Net current liabilities |  | (7,950,153) |  | (6,075,186)
Total assets less current liabilities |  | 4,598,898 |  | 5,764,828
Creditors: amounts falling due after more than one year | 7 | ( 1,751,140) |  | ( 2,995,999)
Provision for liabilities | 8 | ( 633,209) |  | ( 633,209)
Net assets |  | 2,214,549 |  | 2,135,620
Capital and reserves |  |  |  |
Called-up share capital |  | 101 |  | 101
Revaluation reserve |  | 2,197,387 |  | 2,197,387
Profit and loss account |  | 17,061 |  | ( 61,868 )
Total shareholders' funds |  | 2,214,549 |  | 2,135,620

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 Statement of Comprehensive Income has not been delivered.

The financial statements of IDF Investments Limited (registered number: 12218327) were approved and authorised for issue by the Director on 15 May 2026. They were signed on its behalf by:

I D Fern Director |

IDF INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
IDF INVESTMENTS 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

IDF Investments 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 Tutsham Farm, West Farleigh, Maidstone, Kent, ME15 0NE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of IDF Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Monetary amounts within these financial statements are rounded to the nearest whole £1.

##### Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is from the rental of the held investment properties.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

##### 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.
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 average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### 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.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

#### 2. Employees

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

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 11,840,013
Additions | 709,037
As at 31 May 2025 | 12,549,050

#### 4. Fixed asset investments

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 June 2024 | 1 |  | 1
At 31 May 2025 | 1 |  | 1
Carrying value at 31 May 2025 | 1 |  | 1
Carrying value at 31 May 2024 | 1 |  | 1

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 240 |  | 7,990
Amounts owed by Group undertakings | 500,000 |  | 627,819
Other debtors | 296,374 |  | 296,246
| 796,614 |  | 932,055

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,232,863 |  | 333,858
Trade creditors | 17,754 |  | 7,200
Taxation and social security | 31,470 |  | 6,857
Other creditors | 7,541,099 |  | 6,720,541
| 8,823,186 |  | 7,068,456

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,751,140 |  | 2,995,999

The bank loans are secured by first legal charges over the related freehold properties. Additional security is provided by companies under common control through fixed and floating charges and cross‑company guarantees in favour of the Bank.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 105,367 |  | 242,071

The bank loans above are secured via fixed charges over the properties by the persons entitled, namely The Mortgage Lender Limited with an aggregate amount owed of £679,571 (2024: £787,545) and HSBC, with an aggregate amount owed of £2,304,243 (2024: £2,542,316).

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 633,209) |  | ( 335,446)
Charged to the Profit and Loss Account | 0 |  | ( 297,763)
At the end of financial year | ( 633,209) |  | ( 633,209)

#### 9. Related party transactions

Other related party transactions

At the balance sheet date and included within other creditors is an amount of £2,257,131 (2024: £2,252,131) owed to the directors of the company. During the year amounts of £5,000 (2024: £70) were loaned by the director to the company. These balances are interest free and repayable on demand.
At the balance sheet date and included within debtors is an amount of £793,000 (2024: £920,819) owed from entities under common control. These balances are interest free and repayable on demand.
At the balance sheet date and included within other creditors is an amount of £5,248,996 (2024: £4,443,537) owed to entities under common control. These balances are interest free and repayable on demand.