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Company Registration No. 03572384 (England and Wales)
Inglenook Limited Unaudited Financial Statements for the year ended 31 May 2024
Inglenook Limited Unaudited Financial Statements Contents
Page
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Inglenook Limited Company Information for the year ended 31 May 2024
Directors
Darren Davidson Lisa Lombard
Company Number
03572384 (England and Wales)
Registered Office
Co RPGCC 40 Gracechurch Street London EC3V 0BT United Kingdom
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Inglenook Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
2,519 
Cash at bank and in hand
11,548 
7,774 
11,548 
10,293 
Creditors: amounts falling due within one year
(3,109)
(2,128)
Net current assets
8,439 
8,165 
Net assets
8,439 
8,165 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,437 
8,163 
Shareholders' funds
8,439 
8,165 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
Darren Davidson Director Company Registration No. 03572384
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Inglenook Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Inglenook Limited is a private company, limited by shares, registered in England and Wales, registration number 03572384. The registered office is Co RPGCC, 40 Gracechurch Street, London, EC3V 0BT, United Kingdom.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
3.1 Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.2 Presentation currency
The accounts are presented in £ sterling.
3.3 Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of rent recieved or receivable, excluding discounts, rebates, value added tax and other sales taxes.
3.4 Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
3.5 Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
3.6 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
2,519 
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Inglenook Limited Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
64 
328 
Loans from directors
1,065 
- 
Accruals
1,980 
1,800 
3,109 
2,128 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Darren Davidson
Directors Loan
2,519 
- 
2,519 
- 
2,519 
- 
2,519 
- 
Included in Other debtors is an amount due from D Davidson, the director, of £0 (2023: £2,519). This loan is interest free and was repaid in full.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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