Company Registration No. SC682837 (Scotland)
ID1 GROUP LTD
Unaudited accounts
for the year ended 31 December 2025
ID1 GROUP LTD
Company Information
for the year ended 31 December 2025
Director
Mateusz Pawel Nomanczuk
Company Number
SC682837 (Scotland)
Registered Office
5 South Charlotte Street
Edinburgh
Midlothian
EH2 4AN
Scotland
Accountants
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
ID1 GROUP LTD
Accountants' report
Accountants' report to the director of ID1 GROUP LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ID1 GROUP LTD for the year ended
31 December 2025 as set out on pages
5 -
11 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ID1 GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 20 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of ID1 GROUP LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ID1 GROUP LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ID1 GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ID1 GROUP LTD. You consider that ID1 GROUP LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ID1 GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
15 September 2026
ID1 GROUP LTD
Statement of financial position
as at 31 December 2025
Tangible assets
7,145
41,769
Investment property
-
198,058
Investments
505,676
511,401
Cash at bank and in hand
3,194
9,967
Creditors: amounts falling due within one year
(29,778)
(29,794)
Net current assets
405,007
40,458
Net assets
917,828
791,686
Called up share capital
100
100
Share premium
521,900
521,900
Revaluation reserve
361,967
285,504
Profit and loss account
33,861
(15,818)
Shareholders' funds
917,828
791,686
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 16 September 2026 and were signed on its behalf by
Mateusz Pawel Nomanczuk
Director
Company Registration No. SC682837
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
ID1 GROUP LTD is a private company, limited by shares, registered in Scotland, registration number SC682837. The registered office is 5 South Charlotte Street, Edinburgh, Midlothian, EH2 4AN, Scotland.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, Section 1A, applicable to small entities.
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 financial statements have been prepared in accordance with FRS 102, Section 1A, applicable to small entities, and under the historical cost convention except where another measurement basis is required or permitted by FRS 102.
Expenditure is accounted for on an accruals basis. Where services relate to the reporting period but are invoiced or paid after the year end, the costs are recognised as accruals within creditors and reflected in the profit and loss account of the relevant year.
The financial statements are presented in pound sterling (£). The company operates a branch in Poland which is treated as a foreign operation and has Polish zloty (PLN) as its functional currency. The results and financial position of the Polish branch are translated into sterling for inclusion in these financial statements.
Transactions denominated in currencies other than the relevant functional currency are translated at the exchange rate applicable at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the reporting-date rate, with resulting exchange differences recognised in profit or loss where appropriate.
The company operates a branch in Poland which is treated as a foreign operation and has Polish zloty (PLN) as its functional currency. For inclusion in the company’s sterling financial statements, the assets and liabilities of the Polish branch are translated at the closing exchange rate at the reporting date. Income and expenses are translated using exchange rates that approximate the rates at the dates of the underlying transactions, with transaction-date rates used for material transactions where appropriate.
Exchange differences arising from translation of the Polish foreign operation are recognised in other comprehensive income and accumulated within a foreign currency translation reserve.
Due to limitations in the accounts presentation template, the foreign currency translation reserve and certain translation movements may be presented within software-generated categories or labels described as “Revaluation reserve”, “Gain/(loss) on revaluation of land and buildings”, “Revaluations”, “Fair value adjustments” or “At valuation”. Where these labels are used to present foreign currency translation movements or translated carrying amounts in these financial statements, they do not represent a revaluation or fair value remeasurement of the underlying assets.
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
For the year ended 31 December 2025, the assets and liabilities of the Polish branch were translated at the closing exchange rate of PLN 4.8399 = £1 at 31 December 2025.
Income and expenses were translated using rates that appropriately approximate the exchange rates at the dates of the underlying transactions. Material property disposal transactions were translated using transaction-date exchange rates.
Differences arising between the translation of the branch income statement and the translation of its closing net assets are recognised in other comprehensive income as foreign currency translation differences and are not treated as ordinary trading foreign exchange gains or losses.
The company’s financial assets and liabilities are classified as basic financial instruments in accordance with FRS 102 Section 11. Basic financial assets, including trade and other debtors, loans receivable and cash at bank, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less impairment. Basic financial liabilities, including trade and other creditors and borrowings, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. The company assesses at each reporting date whether there is objective evidence of impairment of any financial asset. Interest income and expense on loans are recognised within finance income and finance costs respectively.
The financial statements have been prepared on a going concern basis. The directors have considered the company’s cash flows, resources and plans for at least twelve months from the date of approval of these financial statements. On this basis they consider that the company has adequate resources to continue in operational existence for the foreseeable future.
The company generated no trading turnover during the year. Interest arising on loan receivables is recognised on an accruals basis using the effective interest method and is presented within finance income.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and impairment.
Depreciation is charged so as to write off the cost of assets over their estimated useful economic lives, using the following rates:
Foreign currency translation reserve
The current-year foreign currency translation difference recognised in other comprehensive income is £76,463. The comparative movement for the year ended 31 December 2024 was £(28,434).
The cumulative foreign currency translation reserve at 31 December 2025 is £361,967. Accounting software does not provide a dedicated foreign currency translation reserve field within the accounts template used by the company and the balance is therefore presented within the software-generated “Revaluation reserve” category.
These amounts arise from the translation of the company’s Polish foreign operation into sterling and do not represent revaluations of land, buildings, investment property or other assets.
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
During the preparation of the financial statements for the year ended 31 December 2025, the directors identified a presentation error affecting the comparative statement of financial position at 31 December 2024, whereby certain liabilities had not been correctly reflected in reported net assets.
Net assets and shareholders’ funds previously reported at 31 December 2024 were £843,724. The corrected comparative net assets and shareholders’ funds presented in these financial statements are £791,686, representing a reduction of £52,038.
The correction does not affect the previously reported profit or loss for the year ended 31 December 2024. The comparative statement of financial position and related reserves have been corrected accordingly.
Comparative presentation within the income statement has also been reclassified by moving £5,127 of external services from cost of sales to administrative expenses, in order to align the comparative presentation with the current year. This reclassification has no effect on the previously reported operating result, profit or loss, net assets or shareholders’ funds.
Investment property is property held to earn rental income, for capital appreciation, or both. Investment property is initially recognised at cost.
Where fair value can be measured reliably without undue cost or effort, investment property is subsequently measured at fair value, with changes in fair value recognised in profit or loss.
Investment property forming part of the company’s Polish foreign operation is translated into sterling in accordance with the company’s foreign currency accounting policy. Foreign currency translation differences arising solely from translation of the Polish operation are recognised separately in other comprehensive income and are not treated as economic fair value gains or losses.
Investment property is derecognised on disposal when the risks and rewards of ownership have transferred to the purchaser. Any resulting gain or loss on disposal is recognised in profit or loss.
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At valuation
At 1 January 2025
41,186
583
41,769
Revaluations
2,264
11
2,275
Disposals
(33,272)
(594)
(33,866)
At 31 December 2025
10,178
-
10,178
Charge for the year
3,033
-
3,033
At 31 December 2025
3,033
-
3,033
At 31 December 2025
7,145
-
7,145
At 31 December 2024
41,186
583
41,769
Fair value at 1 January 2025
198,058
Net gain from fair value adjustments
3,943
The investment property balance brought forward at 1 January 2025 was £198,058. The investment property was disposed of during the year and no investment property remained at 31 December 2025.
The £3,943 movement presented by the accounting software as a “Net gain from fair value adjustments” represents a foreign currency translation adjustment required to reconcile the sterling opening balance and disposal movement. It does not represent a separate economic fair value revaluation arising during the year.
The gain arising on the relevant property disposal is recognised in the income statement within the gain on sale of property.
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
6
Investments
Other investments
Valuation at 1 January 2025
511,401
Fair value adjustments
34,076
Valuation at 31 December 2025
505,676
Other investments comprise long-term loan receivables and related financial assets of the company’s Polish operations.
During the year, amounts that became contractually due within twelve months of the reporting date were reclassified from long-term investments to current asset investments. The movement presented by the accounting software within the “Disposals” line therefore includes maturity reclassifications and does not represent a sale of those financial assets.
The £34,076 movement presented by the software as a “Fair value adjustment” represents a foreign currency translation adjustment arising on translation of the Polish branch balances into sterling and does not represent a fair value remeasurement.
The table heading “Valuation” is a software-generated presentation label and does not indicate that the loan receivables are measured at fair value.
Long-term investments at 31 December 2025 amounted to £505,676. Amounts classified as current asset investments are disclosed separately in Note 9.
Amounts falling due within one year
Trade debtors
39,641
48,928
Amounts due from group undertakings etc.
4,087
3,842
Accrued income and prepayments
-
1,184
8
Investments held as current assets
2025
2024
Unlisted investments
381,103
-
Current asset investments comprise loan principal and accrued interest balances which were due, or expected to become due, within twelve months of the reporting date.
During 2025, relevant balances were reclassified from long-term investments to current asset investments based on their contractual maturity and payment status at 31 December 2025. The closing balance of current asset investments was £381,103.
ID1 GROUP LTD
Notes to the Accounts
for the year ended 31 December 2025
9
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,831
3,611
Creditors comprise trade payables, taxation balances and accrued expenses, all of which fall due within twelve months of the reporting date.
The 2025 accrual of £22,000 relates to professional legal services concerning the company’s loan relationships for the year ended 31 December 2025. The related invoice was issued after the reporting date, on 14 February 2026, and was settled on 16 February 2026. The cost has therefore been recognised in the year ended 31 December 2025 on an accruals basis.
The comparative accrual of £22,000 related to equivalent professional services attributable to the year ended 31 December 2024 and was settled after that reporting date.
The taxation balance at 31 December 2025 includes Polish corporation tax payable in respect of the Polish branch, translated into sterling at the year-end closing exchange rate.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).