Idea Family Ltd Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 15746882

Idea Family Ltd

Filleted Unaudited Financial Statements

31 May 2025

Idea Family Ltd

Consolidated Statement of Financial Position

31 May 2025

	31 May 25
Note	£

Fixed assets

Investments	4	5,316,000

Current assets

Debtors	5	100

Creditors: amounts falling due within one year	6	185,000
		---------
Net current liabilities		184,900
		------------
Total assets less current liabilities		5,131,100

Creditors: amounts falling due after more than one year	7	2,131,000
		------------
Net assets		3,000,100
		------------

Capital and reserves

Called up share capital	8	100
Profit and loss account		3,000,000
		------------
Shareholders funds		3,000,100
		------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the consolidated income statement has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Idea Family Ltd

Consolidated Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr P Needle

Director

Company registration number: 15746882

Idea Family Ltd

Company Statement of Financial Position

31 May 2025

	31 May 25
Note	£

Fixed assets

Investments	4	5,316,000

Current assets

Debtors	5	100

Creditors: amounts falling due within one year	6	185,000
		---------
Net current liabilities		184,900
		------------
Total assets less current liabilities		5,131,100

Creditors: amounts falling due after more than one year	7	2,131,000
		------------
Net assets		3,000,100
		------------

Capital and reserves

Called up share capital	8	100
Profit and loss account		3,000,000
		------------
Shareholders funds		3,000,100
		------------

The profit for the financial period of the parent company was £ 3,000,000 .

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Idea Family Ltd

Company Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr P Needle

Director

Company registration number: 15746882

Idea Family Ltd

Consolidated Statement of Changes in Equity

Period from 28 May 2024 to 31 May 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 28 May 2024	–	–	–

Profit for the period		3,000,000	3,000,000
	----	------------	------------
Total comprehensive income for the period	–	3,000,000	3,000,000

Issue of shares	100	–	100
	----	----	----
Total investments by and distributions to owners	100	–	100

	----	------------	------------
At 31 May 2025	100	3,000,000	3,000,100
	----	------------	------------

Idea Family Ltd

Company Statement of Changes in Equity

Period from 28 May 2024 to 31 May 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 28 May 2024	–	–	–

Profit for the period		3,000,000	3,000,000
	----	------------	------------
Total comprehensive income for the period	–	3,000,000	3,000,000

Issue of shares	100	–	100
	----	----	----
Total investments by and distributions to owners	100	–	100

	----	------------	------------
At 31 May 2025	100	3,000,000	3,000,100
	----	------------	------------

Idea Family Ltd

Notes to the Financial Statements

Period from 28 May 2024 to 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 38 Mayfly Way, Evolve, Ardleigh, Essex, CO7 7WX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Idea Family Ltd and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the period are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate.

Investments in joint ventures

Investments in joint ventures are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the joint venture.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Business combinations

Business combinations are accounted for using the purchase method. The cost of a business combination is measured as the aggregate of the fair values, at the acquisition date, of assets given, liabilities incurred or assumed, and equity instruments issued plus any costs directly attributable to the business combination. Where control is achieved in stages, the cost of the business combination is the aggregate of the fair values of the assets given, liabilities incurred or assumed, and equity instruments issued at the date of each transaction in the series. Where the business combination requires an adjustment to the cost contingent on future events, the estimated amount of that adjustment is included in the cost of the combination at the acquisition date providing it is probable and can be measured reliably. Where it is not recognised at the acquisition date but subsequently becomes probable and can be measured reliably, the additional consideration is treated as an adjustment to the cost of the combination. If such expected future events do not occur, or the estimate needs to be revised, the cost of the business combination is adjusted accordingly. The unwinding of any discounting is recognised as a finance cost in profit or loss in the period it arises.

4. Investments

Group	Shares in group undertakings
	£
Cost
At 28 May 2024	–
Additions	5,316,000
	------------
At 31 May 2025	5,316,000
	------------
Impairment
At 28 May 2024 and 31 May 2025	–
	------------

Carrying amount
At 31 May 2025	5,316,000
	------------

Company	Shares in group undertakings
	£
Cost
At 28 May 2024	–
Additions	5,316,000
	------------
At 31 May 2025	5,316,000
	------------
Impairment
At 28 May 2024 and 31 May 2025	–
	------------

Carrying amount
At 31 May 2025	5,316,000
	------------

Subsidiaries, associates and other investments

Details of the investments in which the group and the parent company have an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Think Idea Limited. 38 Mayfly Way, Ardleigh, Essex, CO7 7WX	Ordinary	100

5. Debtors

	Group	Company
	31 May 25	31 May 25
	£	£
Other debtors	100	100
	----	----

6. Creditors: amounts falling due within one year

	Group	Company
	31 May 25	31 May 25
	£	£
Loan notes payable	185,000	185,000
	---------	---------

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

	Group	Company
	31 May 25	31 May 25
	£	£
Loan notes payable	2,131,000	2,131,000
	------------	------------

8. Called up share capital

Issued, called up and fully paid

		31 May 25
	No.	£
Ordinary shares of £ 1 each	100	100
	----	----

9. Business combinations

Acquisition of Business Combination 1

The fair value of consideration paid in relation to the acquisition of Business Combination 1 is as follows:

	£
Cash	3,000,000
Deferred consideration	3,000,000
	------------
	6,000,000
	------------

The fair value of amounts recognised at the acquisition date in relation to Business Combination 1 are as follows:

	Fair value
	£
Tangible assets acquired	6,000,000
	------------