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
Cash at bank and in hand
93,225
22,300
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
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
Ideal Lodgings Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
Ideal Lodgings Limited
Notes to the Accounts
for the year ended 31 March 2025
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
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 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
Disposals
(40,560)
(47,462)
(88,022)
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 2024
2,973
32,649
35,622
Ideal Lodgings Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
4,100
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
7
Creditors: amounts falling due after more than one year
2025
2024
8
Deferred taxation
2025
2024
Accelerated capital allowances
-
6,768
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).