1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP053346062024-01-012024-12-31053346062024-12-31053346062023-12-3105334606core:WithinOneYear2024-12-3105334606core:WithinOneYear2023-12-3105334606core:ShareCapital2024-12-3105334606core:ShareCapital2023-12-3105334606core:SharePremium2024-12-3105334606core:SharePremium2023-12-3105334606core:OtherReservesSubtotal2024-12-3105334606core:OtherReservesSubtotal2023-12-3105334606core:RetainedEarningsAccumulatedLosses2024-12-3105334606core:RetainedEarningsAccumulatedLosses2023-12-3105334606bus:Director12024-01-012024-12-3105334606bus:RegisteredOffice2024-01-012024-12-310533460612024-01-012024-12-31053346062023-01-012023-12-3105334606countries:EnglandWales2024-01-012024-12-3105334606bus:AuditExemptWithAccountantsReport2024-01-012024-12-3105334606bus:PrivateLimitedCompanyLtd2024-01-012024-12-3105334606bus:SmallEntities2024-01-012024-12-3105334606bus:AbridgedAccounts2024-01-012024-12-31
Company registration number:
05334606
Inter-Franc (Lodges) Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2024
Inter-Franc (Lodges) Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Inter-Franc (Lodges) 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
abridged financial statements
of
Inter-Franc (Lodges) Limited
for the year ended
31 December 2024
which comprise the abridged income statement, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
Inter-Franc (Lodges) Limited
, as a body, in accordance with the terms of our engagement letter dated 12 December 2010. Our work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Inter-Franc (Lodges) Limited
and state those matters that we have agreed to state to the Board of Directors of
Inter-Franc (Lodges) Limited
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Inter-Franc (Lodges) Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Inter-Franc (Lodges) Limited
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Inter-Franc (Lodges) Limited
. You consider that
Inter-Franc (Lodges) 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 abridged financial statements of Inter-Franc (Lodges) 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 abridged financial statements.
Switch Accounting
The IncuHive Space, Hursley Campus
Hursley Park Road
Winchester
Hampshire
SO21 2JN
United Kingdom
Date:
29 September 2025
Inter-Franc (Lodges) Limited
Abridged Statement of Financial Position
31 December 2024
20242023
££
Current assets    
Stocks
3,434,780
 
3,434,780
 
Debtors
250,133
 
257,917
 
Cash at bank and in hand
(59
 )
103
 
3,684,854
 
3,692,800
 
Creditors: amounts falling due within one year
(1,644,281
 )
(1,643,981
 )
Net current assets
2,040,573
 
2,048,819
 
Total assets less current liabilities 2,040,573   2,048,819  
Capital and reserves    
Called up share capital
500,000
 
500,000
 
Share premium
750,000
 
750,000
 
Other reserves
1,112,011
 
1,112,011
 
Profit and loss account
(321,438
 )
(313,192
 )
Shareholders funds
2,040,573
 
2,048,819
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
30 September 2025
, and are signed on behalf of the board by:
J Fay
Director
Company registration number:
05334606
Inter-Franc (Lodges) Limited
Notes to the Abridged Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
209 West Street
,
Fareham
,
PO16 0EN
, .

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company funds the day to day working capital requirements via the continued support of the shareholders and directors.The directors consider that the development project at St Sernin will be financially viable and believe that with their continued support, the company will be able to meet its liabilities as they fall due. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

6 Controlling party

The immediate parent is Heathcote Investments Inc - a company registered in Panama, which holds half the issued share capital.