Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3132023-02-01falseOperating a hotel and residential property management.5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03302617 2023-02-01 2024-01-31 03302617 2022-02-01 2023-01-31 03302617 2024-01-31 03302617 2023-01-31 03302617 c:Director1 2023-02-01 2024-01-31 03302617 d:MotorVehicles 2023-02-01 2024-01-31 03302617 d:MotorVehicles 2024-01-31 03302617 d:MotorVehicles 2023-01-31 03302617 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03302617 d:FurnitureFittings 2023-02-01 2024-01-31 03302617 d:FurnitureFittings 2024-01-31 03302617 d:FurnitureFittings 2023-01-31 03302617 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03302617 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03302617 d:CurrentFinancialInstruments 2024-01-31 03302617 d:CurrentFinancialInstruments 2023-01-31 03302617 d:Non-currentFinancialInstruments 2024-01-31 03302617 d:Non-currentFinancialInstruments 2023-01-31 03302617 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03302617 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03302617 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 03302617 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 03302617 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 03302617 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 03302617 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 03302617 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 03302617 d:ShareCapital 2024-01-31 03302617 d:ShareCapital 2023-01-31 03302617 d:RetainedEarningsAccumulatedLosses 2024-01-31 03302617 d:RetainedEarningsAccumulatedLosses 2023-01-31 03302617 c:FRS102 2023-02-01 2024-01-31 03302617 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03302617 c:FullAccounts 2023-02-01 2024-01-31 03302617 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03302617 d:WithinOneYear 2024-01-31 03302617 d:WithinOneYear 2023-01-31 03302617 d:BetweenOneFiveYears 2024-01-31 03302617 d:BetweenOneFiveYears 2023-01-31 03302617 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 03302617










INTRODELL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
INTRODELL LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8


 
INTRODELL LIMITED
REGISTERED NUMBER: 03302617

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,134
6,845

Current assets
  

Debtors: amounts falling due within one year
 5 
130,566
111,515

Cash at bank and in hand
 6 
21,933
62,992

  
152,499
174,507

Creditors: amounts falling due within one year
 7 
(238,515)
(200,028)

Net current liabilities
  
 
 
(86,016)
 
 
(25,521)

Total assets less current liabilities
  
(80,882)
(18,676)

Creditors: amounts falling due after more than one year
 8 
(22,500)
(32,500)

  

Net liabilities
  
(103,382)
(51,176)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(103,384)
(51,178)

  
(103,382)
(51,176)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
INTRODELL LIMITED
REGISTERED NUMBER: 03302617
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2024.

F Hmood
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Introdell Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03302617. The address of the registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the Company is currently loss making and has a net liability position at the year end, the director is committed to funding the company for the foreseeable future and making payments of liabilities as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover represents hotel room rental, along with ancillary income, and property management fees,
exclusive of Value Added Tax and trade discounts, relating to the year.

Page 3

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 5).

Page 5

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
3,250
41,058
44,308



At 31 January 2024

3,250
41,058
44,308



Depreciation


At 1 February 2023
1,422
36,041
37,463


Charge for the year on owned assets
457
1,254
1,711



At 31 January 2024

1,879
37,295
39,174



Net book value



At 31 January 2024
1,371
3,763
5,134



At 31 January 2023
1,828
5,017
6,845


5.


Debtors

2024
2023
£
£


Other debtors
129,503
110,991

Prepayments and accrued income
1,063
524

130,566
111,515



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,933
62,992


Page 6

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
2,929
42,613

Corporation tax
24,715
23,592

Other taxation and social security
24,527
27,189

Other creditors
164,778
81,626

Accruals and deferred income
11,566
15,008

238,515
200,028



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,500
32,500



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,500
22,500

32,500
42,500


Page 7

 
INTRODELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
175,000
175,000

Later than 1 year and not later than 5 years
379,167
554,167

554,167
729,167

 
Page 8