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Iccommodate Limited

Unaudited Financial Statements

for the Period 29 August 2023 to 27 August 2024






Iccommodate Limited (Registered number: 07353839)






Contents of the Financial Statements
for the Period 29 August 2023 to 27 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iccommodate Limited

Company Information
for the Period 29 August 2023 to 27 August 2024







DIRECTORS: Z Haxhifazliu
R Llumnica





REGISTERED OFFICE: 447 Smithdown Road
Liverpool
Merseyside
L15 3JL





REGISTERED NUMBER: 07353839 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Iccommodate Limited (Registered number: 07353839)

Balance Sheet
27 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,748 2,701
Investment property 5 1,700,000 935,000
1,701,748 937,701

CURRENT ASSETS
Debtors 6 30,472 72,247
Cash at bank and in hand 69,310 113,434
99,782 185,681
CREDITORS
Amounts falling due within one year 7 605,491 566,343
NET CURRENT LIABILITIES (505,709 ) (380,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,039

557,039

CREDITORS
Amounts falling due after more than one
year

8

(746,822

)

(330,840

)

PROVISIONS FOR LIABILITIES (117,268 ) (61,767 )
NET ASSETS 331,949 164,432

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 388,196 263,323
Retained earnings (56,347 ) (98,991 )
SHAREHOLDERS' FUNDS 331,949 164,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Iccommodate Limited (Registered number: 07353839)

Balance Sheet - continued
27 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:




Z Haxhifazliu - Director



R Llumnica - Director


Iccommodate Limited (Registered number: 07353839)

Notes to the Financial Statements
for the Period 29 August 2023 to 27 August 2024

1. STATUTORY INFORMATION

Iccommodate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 3 ) .

Iccommodate Limited (Registered number: 07353839)

Notes to the Financial Statements - continued
for the Period 29 August 2023 to 27 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 August 2023 22,816
Disposals (3,997 )
At 27 August 2024 18,819
DEPRECIATION
At 29 August 2023 20,115
Charge for period 954
Eliminated on disposal (3,998 )
At 27 August 2024 17,071
NET BOOK VALUE
At 27 August 2024 1,748
At 28 August 2023 2,701

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 August 2023 935,000
Additions 584,626
Revaluations 180,374
At 27 August 2024 1,700,000
NET BOOK VALUE
At 27 August 2024 1,700,000
At 28 August 2023 935,000

The investment properties were revalued by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,472 72,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,311 34,308
Trade creditors 107,114 113,594
Taxation and social security 14,103 4,823
Other creditors 459,963 413,618
605,491 566,343

Iccommodate Limited (Registered number: 07353839)

Notes to the Financial Statements - continued
for the Period 29 August 2023 to 27 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 746,822 330,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 682,718 217,125

9. RESERVES
Fair
value
reserve
£   
At 29 August 2023 263,323
Revaluation reserve 124,873

At 27 August 2024 388,196

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 27 August 2024 and the year ended 28 August 2023:

2024 2023
£    £   
R Llumnica and Z Haxhifazliu
Balance outstanding at start of period 27,920 25,701
Amounts repaid (13,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 30,472 27,920

The directors have confirmed that the overdrawn directors loan account was repaid by 28th May 2025.

11. ULTIMATE CONTROLLING PARTY

By virtue of the of the share ownership split of the company, it is in the opinion of the directors that there is no ultimate controlling party.