| 1. Statutory Information |
| IDEAL ROOMS LTD is a private company, limited by shares, registered in England and Wales, registration number 08322563. |
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| 2. Accounting Policies |
| Basis of preparing the Financial Statements |
| 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 (FRS)102, the applicable FRS in the UK and the Republic of Ireland and the Companies Act 2006.The following principal accounting policies have been applied:Going concern: The financial statement has been prepared on going concern basis which assumes that the company will continue in operational existence for the foreseeable future and will also meet it debts as they fall due.The company made a profit of £13,414 during the year and had net current liabilities of £127,915 and net liabilities of £136,452.The directors have confirmed that they will provide continued support for the company, are investing significantly into company infrastructure to promote growth and will not recall their director loans owed to themselves of £141,984.23 until such time that the company can afford to do so. |
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| Presentation Currency |
| The accounts are presented in £ sterling. |
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| Turnover |
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| Revenue comprises rent receivable on fully-serviced short and long term accommodation. Revenue is recognised in the period to which the rental income relates. |
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