REGISTERED NUMBER: 02966481 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

IDEALREVIEW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Brown

C D Brown

SECRETARY:

D G Brown

REGISTERED OFFICE:

2 Ferry House

Far Sawrey

Ambleside

Cumbria

LA22 OLZ

REGISTERED NUMBER:

02966481 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

5,818

24,316

Investments

5

1,254,078

1,098,503

1,259,896

1,122,819

CURRENT ASSETS

Debtors

6

1,578,395

1,052,378

Investments

7

-

504,562

Cash at bank

25,476

110,259

1,603,871

1,667,199

CREDITORS

Amounts falling due within one year

8

27,572

258,025

NET CURRENT ASSETS

1,576,299

1,409,174

TOTAL ASSETS LESS CURRENT LIABILITIES

2,836,195

2,531,993

CREDITORS

Amounts falling due after more than one year

9

-

22,655

NET ASSETS

2,836,195

2,509,338

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Fair value reserve

13

45,824

(452,686

)

Retained earnings

13

2,789,371

2,961,024

SHAREHOLDERS' FUNDS

2,836,195

2,509,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

D G Brown - Director

1.	STATUTORY INFORMATION

Idealreview Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.

Computer equipment - 25% on cost

Motor vehicles - 25% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate.The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset

expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and

preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are

discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fixed and current asset investments

Investments in another entity's equity shares are measured at fair value, unless it is an unlisted investment whose fair value cannot be reliably measured, in which case it is measured at cost less impairment.

Changes in fair value are recognised in the profit and loss account.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease of the term, whichever is the shorter.

The interest element is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

75,454

1,531

76,985

Additions

-

499

499

Disposals

-

(645

)

(645

)

At 30 November 2025

75,454

1,385

76,839

DEPRECIATION

At 1 December 2024

51,219

1,450

52,669

Charge for year

18,864

133

18,997

Eliminated on disposal

-

(645

)

(645

)

At 30 November 2025

70,083

938

71,021

NET BOOK VALUE

At 30 November 2025

5,371

447

5,818

At 30 November 2024

24,235

81

24,316

5.	FIXED ASSET INVESTMENTS

30/11/25

30/11/24

£

£

Other investments not loans

1,254,078

1,098,503

Additional information is as follows:

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

560,799

287,699

848,498

Additions

228,653

184,886

413,539

Disposals

(433,785

)

-

(433,785

)

Revaluations

176,772

249,054

425,826

Reclassification/transfer

87,633

(87,633

)

-

At 30 November 2025

620,072

634,006

1,254,078

NET BOOK VALUE

At 30 November 2025

620,072

634,006

1,254,078

At 30 November 2024

560,799

287,699

848,498

Investments (neither listed nor unlisted) were as follows:

30/11/25

30/11/24

£

£

Other investments

-

250,005

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

5,760

3,840

Other debtors

1,524,055

852,044

Directors' current accounts

1,041

1,003

Tax

30

-

VAT

72

1,151

Deferred tax asset

46,921

164,102

Prepayments

516

30,238

1,578,395

1,052,378

7.	CURRENT ASSET INVESTMENTS

30/11/25

30/11/24

£

£

Money market funds

-

504,562

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

8,775

10,289

Hire purchase contracts

13,880

2,672

Tax

-

240,612

Social security and other taxes

1,369

1,082

Accrued expenses

3,548

3,370

27,572

258,025

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans - 1-2 years

-

8,775

Hire purchase contracts

-

13,880

-

22,655

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/11/25

30/11/24

£

£

Hire purchase contracts

13,880

16,552

The liabilities due under hire purchase agreements is secured on the related assets.

11.	DEFERRED TAX

£

Balance at 1 December 2024

(164,102

)

Movement in year

117,181

Balance at 30 November 2025

(46,921

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

2,961,024

(452,686

)

2,508,338

Profit for the year

366,857

366,857

Dividends

(40,000

)

(40,000

)

Transfer between reserves

(498,510

)

498,510

-

At 30 November 2025

2,789,371

45,824

2,835,195

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2025 a Director owed the company £1,041 (2024: £1,003). The amount owed is deemed repayable on demand and no interest has been charged.

15.	RELATED PARTY DISCLOSURES

The following entities are deemed to be related parties.

During the year the company loaned various monies to Brindle Homes Limited. Included in other debtors is an amount of £1,514,000 (2024: £844,000) due from Brindle Homes Limited.The loan is deemed repayable on demand and no interest has been charged.