Igloo Accommodation Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06776206

Igloo Accommodation Limited

Filleted Unaudited Financial Statements

31 December 2024

Igloo Accommodation Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Igloo Accommodation Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Igloo Accommodation Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Igloo Accommodation Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Igloo Accommodation Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Igloo Accommodation Limited and state those matters that we have agreed to state to him in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than Igloo Accommodation Limited and its director for our work or for this report.

It is your duty to ensure that Igloo Accommodation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Igloo Accommodation Limited. You consider that Igloo Accommodation Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Igloo Accommodation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

22 September 2025

Igloo Accommodation Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,279	2,812

Current assets

Debtors	6	415,852	406,949
Cash at bank and in hand		382,689	551,075
		---------	---------
		798,541	958,024

Creditors: amounts falling due within one year	8	286,409	479,762
		---------	---------
Net current assets		512,132	478,262
		---------	---------
Total assets less current liabilities		514,411	481,074

Provisions

Taxation including deferred tax	571	703
	---------	---------
Net assets	513,840	480,371
	---------	---------

Igloo Accommodation Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	513,740	480,271
	---------	---------
Shareholders funds	513,840	480,371
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Ms S E Siggs
Director

Company registration number: 06776206

Igloo Accommodation Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Broom Hall, 8-10 Broomhall Road, Sheffield, S10 2DR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Income received primarily comprises of commissions earned in respect of the management of rental properties, along with other associated items.

Tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	25% reducing balance
Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	745	24,413	25,158
Additions	302	249	551
Disposals	–	( 19,451)	( 19,451)
	-------	--------	--------
At 31 December 2024	1,047	5,211	6,258
	-------	--------	--------
Depreciation
At 1 January 2024	86	22,260	22,346
Charge for the year	223	861	1,084
Disposals	–	( 19,451)	( 19,451)
	-------	--------	--------
At 31 December 2024	309	3,670	3,979
	-------	--------	--------
Carrying amount
At 31 December 2024	738	1,541	2,279
	-------	--------	--------
At 31 December 2023	659	2,153	2,812
	-------	--------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	415,852	406,949
	---------	---------

7. Bank balances

Bank balances include £256,104 (2023: £349,453) of client monies. There is, within creditors detailed below, a liability to clients in this respect.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	11,696	109,158
Social security and other taxes	8,890	11,677
Pension creditor	1,168	1,948
Other creditors	264,655	356,979
	---------	---------
	286,409	479,762
	---------	---------

Other creditors include amounts held on behalf of landlord clients which funds, as outlined above, are held in a client bank account.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	23,480	26,165
Later than 1 year and not later than 5 years	–	8,055
	--------	--------
	23,480	34,220
	--------	--------

10. Director's advances, credits and guarantees

Included within other debtors are loan amounts owing to the company from Ms S E Siggs , Director, in the sum of £300,000 (2023: £300,000) Interest is being charged on the loan at a commercial rate. There are no formal terms for repayment, other than an underlying intention that the loan will be repaid in full as soon as is practicable.