ID Houses Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04335298 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ID HOUSES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

1,782

2,097

Investments

5

45,500

Investment property

6

1,723,329

1,196,911

1,770,611

1,244,508

CURRENT ASSETS

Debtors

7

28,784

21,844

Cash at bank and in hand

5,542

3,945

34,326

25,789

CREDITORS

Amounts falling due within one year

8

403,423

392,563

NET CURRENT LIABILITIES

(369,097

)

(366,774

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,401,514

877,734

CREDITORS

Amounts falling due after more than one year

9

(298,110

)

(311,327

)

PROVISIONS FOR LIABILITIES

12

(150,229

)

(18,703

)

NET ASSETS

953,175

547,704

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

449,349

54,535

Retained earnings

503,726

493,069

SHAREHOLDERS' FUNDS

953,175

547,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 November 2025 and were signed by:

Mr D J Dunn - Director

1.	STATUTORY INFORMATION

ID Houses Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04335298

Registered office:

1 Kings Avenue

London

N21 3NA

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Property,plant and equipment.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% on reducing balance

The company has adopted a policy of no depreciation charge in the year of acquisition but a full year charge will be provided in the year of disposal.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Investments

Fixed asset investments are shown at cost less any impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 March 2024

and 28 February 2025

56,503

DEPRECIATION

At 1 March 2024

54,406

Charge for year

315

At 28 February 2025

54,721

NET BOOK VALUE

At 28 February 2025

1,782

At 29 February 2024

2,097

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

45,500

NET BOOK VALUE

At 28 February 2025

45,500

At 29 February 2024

45,500

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

1,196,911

Revaluations

526,418

At 28 February 2025

1,723,329

NET BOOK VALUE

At 28 February 2025

1,723,329

At 29 February 2024

1,196,911

Fair value at 28 February 2025 is represented by:

£

Valuation in 2017

82,182

Valuation in 2025

526,418

Cost

1,114,729

1,723,329

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

1,114,729

The director consider that the market values of the properties were as per the values stated in the financial statements.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

28,784

21,844

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 10)

7,306

12,963

Trade creditors

35,778

30,144

Taxation and social security

34,497

51,925

Other creditors

325,842

297,531

403,423

392,563

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 10)

298,110

311,327

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank overdrafts

1

-

Bank loans

7,305

12,963

7,306

12,963

Amounts falling due between two and five years:

Bank loans - 2-5 years

298,110

311,327

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

305,415

324,290

The bank loan is secured on the property by way of fixed and floating charge on the company's assets and contains a negative pledge.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Other timing differences

18,703

13,816

Deferred tax

131,526

4,887

150,229

18,703

Deferred

tax

£

Balance at 1 March 2024

18,703

Charge to Income Statement during year

131,526

Balance at 28 February 2025

150,229

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other creditors is an amount of £313,927 (2024: £287,138) due to the director of the company. This amount was interest-free and repayable on demand.