International Design (Services) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07586054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

INTERNATIONAL DESIGN (SERVICES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Abel

M L Abel

REGISTERED OFFICE:

EDM House

Rowley Road

Coventry

West Midlands

CV3 4LE

REGISTERED NUMBER:

07586054 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Investments

4

4,104,200

4,104,200

Investment property

5

887,848

887,848

4,992,048

4,992,048

CURRENT ASSETS

Debtors

6

215,152

11,667

Cash at bank

12,036

19,544

227,188

31,211

CREDITORS

Amounts falling due within one year

7

260,661

1,026,921

NET CURRENT LIABILITIES

(33,473

)

(995,710

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,958,575

3,996,338

CREDITORS

Amounts falling due after more than one year

8

552,829

573,434

NET ASSETS

4,405,746

3,422,904

CAPITAL AND RESERVES

Called up share capital

10

501,200

501,200

Retained earnings

3,904,546

2,921,704

SHAREHOLDERS' FUNDS

4,405,746

3,422,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 6 January 2023 and were signed on its behalf by:

D A Abel - Director

1.	STATUTORY INFORMATION

International Design (Services) 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.

Preparation of consolidated financial statements

The financial statements contain information about International Design (Services) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 20016 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Investments in subsidiaries

Investments in subsidiary undertakings are measured at cost, with the directors reviewing the carrying value on a periodic basis for any signs of impairment.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 2 ).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2021

and 30 April 2022

4,104,200

NET BOOK VALUE

At 30 April 2022

4,104,200

At 30 April 2021

4,104,200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2021

and 30 April 2022

887,848

NET BOOK VALUE

At 30 April 2022

887,848

At 30 April 2021

887,848

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by group undertakings

174,319

-

Other debtors

40,833

11,667

215,152

11,667

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

20,476

25,995

Amounts owed to group undertakings

-

375,187

Taxation and social security

4,917

-

Other creditors

235,268

625,739

260,661

1,026,921

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

552,829

573,434

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

444,737

463,088

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

573,305

599,429

The bank loan is secured against the property to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

Value:

£

£

1,000

Ordinary

£1

1,000

1,000

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

500,100

Preference

£1

500,100

1,000,100

501,200

1,001,200

During the year there was a reduction of 500,000 Preference shares of £1 each for a total consideration of £500,000.