Registered number
10203760
FURNIVAL LODGE LIMITED
Filleted Accounts
31 May 2024
FURNIVAL LODGE LIMITED
Registered number: 10203760
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 786,887 786,887
Current assets
Cash at bank and in hand 8,004 9,892
Creditors: amounts falling due within one year 4 (404,029) (395,121)
Net current liabilities (396,025) (385,229)
Total assets less current liabilities 390,862 401,658
Creditors: amounts falling due after more than one year 5 (295,262) (327,661)
Net assets 95,600 73,997
Capital and reserves
Called up share capital 2 2
Profit and loss account 95,598 73,995
Shareholders' funds 95,600 73,997
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Wasif Lodhi
Director
Approved by the board on 16 May 2025
FURNIVAL LODGE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 786,887
At 31 May 2024 786,887
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 786,887
At 31 May 2023 786,887
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,728 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 49,813 33,811
Taxation and social security costs 10,038 8,646
Other creditors 341,450 352,664
404,029 395,121
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 295,262 327,661
6 Related party transactions
Mr Mr Wasif Lodhi, the company's director is also shareholder and director or AMZ Care Limited who paid £60,000 (2023 £60,000) as a rent for the year.
7 Other information
FURNIVAL LODGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
53 Furnival Avenue
Slough
United Kingdom
SL2 1DH
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