smallAccCompHo_0921.xslt
Company Registration No. 08322563 (England and Wales)
IDEAL ROOMS LTD
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

IDEAL ROOMS LTD

Financial Statements for the period ending 31 December 2024

IDEAL ROOMS LTD

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
IDEAL ROOMS LTD is a private company, limited by shares, registered in England and Wales, registration number 08322563.
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.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue comprises rent receivable on fully-serviced short and long term accommodation. Revenue is recognised in the period to which the rental income relates.

IDEAL ROOMS LTD

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Current Tax
The company has accumulated tax losses of approximately £136,455 (2023: £149,870), available to offset against future taxable profits. No deferred tax has been recognised in respect of these losses.

IDEAL ROOMS LTD

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 0
2023 0
4. Principal Activity
The principal activities of the company are the provision of fully-serviced short and long-term accommodation, acting as an agent providing marketing and accommodation booking services for fully serviced short and long-term accommodation, and the refurbishment and development of properties.