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Company Registration No. 11832486 (England and Wales)
Ideal Lodgings Limited Unaudited accounts for the year ended 31 March 2025
Ideal Lodgings Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
35,622 
Current assets
Debtors
3,551 
154,170 
Cash at bank and in hand
93,225 
22,300 
96,776 
176,470 
Creditors: amounts falling due within one year
(55,600)
(67,855)
Net current assets
41,176 
108,615 
Total assets less current liabilities
41,176 
144,237 
Creditors: amounts falling due after more than one year
- 
(4,578)
Provisions for liabilities
Deferred tax
- 
(6,768)
Net assets
41,176 
132,891 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
41,174 
132,889 
Shareholders' funds
41,176 
132,891 
For the year ending 31 March 2025 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 19 May 2025 and were signed on its behalf by
Stacey Anne Houghton Director Company Registration No. 11832486
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Ideal Lodgings Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Ideal Lodgings Limited is a private company, limited by shares, registered in England and Wales, registration number 11832486. The registered office is 596 Burnley Road Crawshawbooth, Rossendale, BB4 8AJ, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
12% straight line
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the provision of accommodation is recognised at the time the accommodation is provided
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Ideal Lodgings Limited Notes to the Accounts for the year ended 31 March 2025
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
40,114 
47,462 
87,576 
Additions
446 
- 
446 
Disposals
(40,560)
(47,462)
(88,022)
At 31 March 2025
- 
- 
- 
Depreciation
At 1 April 2024
37,141 
14,813 
51,954 
Charge for the year
3,419 
5,695 
9,114 
On disposals
(40,560)
(20,508)
(61,068)
At 31 March 2025
- 
- 
- 
Net book value
At 31 March 2025
- 
- 
- 
At 31 March 2024
2,973 
32,649 
35,622 
- 4 -
Ideal Lodgings Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,551 
4,133 
Other debtors
- 
150,037 
3,551 
154,170 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
4,100 
VAT
530 
- 
Trade creditors
30,839 
459 
Taxes and social security
2,166 
18,165 
Other creditors
3,493 
27,717 
Loans from directors
14,634 
14,664 
Accruals
3,938 
2,750 
55,600 
67,855 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
4,578 
8
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
- 
6,768 
2025 
2024 
£ 
£ 
Provision at start of year
6,768 
9,446 
Credited to the profit and loss account
(6,768)
(2,678)
Provision at end of year
- 
6,768 
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 5 -