Company Registration No. 06155224 (England and Wales)
Ihomes (London) Limited
Unaudited accounts
for the year ended 31 March 2025
Ihomes (London) Limited
Unaudited accounts
Contents
Ihomes (London) Limited
Company Information
for the year ended 31 March 2025
Directors
Mr I Rosenthal
Mr C Naughton
Company Number
06155224 (England and Wales)
Registered Office
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
United Kingdom
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Ihomes (London) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
11,551
12,527
Inventories
579,333
579,333
Debtors
1,048,480
1,058,578
Cash at bank and in hand
13,872
77,083
Creditors: amounts falling due within one year
(1,272,594)
(1,301,059)
Net current assets
369,091
413,935
Net assets
380,742
426,662
Called up share capital
100
100
Profit and loss account
380,642
426,562
Shareholders' funds
380,742
426,662
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
Mr I Rosenthal
Director
Company Registration No. 06155224
Ihomes (London) Limited
Notes to the Accounts
for the year ended 31 March 2025
Ihomes (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 06155224. The registered office is Unit 5 Swaker Yard, 2b Theobald Street, Herts, WD6 4SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment in a subsidiary company is held at cost less accumulated impairment losses.
Ihomes (London) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
9,940
20,410
30,350
At 31 March 2025
9,940
22,321
32,261
At 1 April 2024
1,988
15,835
17,823
Charge for the year
1,590
1,297
2,887
At 31 March 2025
3,578
17,132
20,710
At 31 March 2025
6,362
5,189
11,551
At 31 March 2024
7,952
4,575
12,527
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
200
Valuation at 31 March 2025
100
Amounts falling due within one year
Amounts due from group undertakings etc.
1,045,470
1,049,470
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,130,768
1,152,192
Other creditors
122,972
122,818
Loans from directors
16,964
24,049
The other creditors are secured by a second legal charge over the company's property trading stock.
Ihomes (London) Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The directors own the company's entire issued ordinary share capital.
As detailed in note 8, the amounts due from group undertakings are represented by iHomes (Enfield) Limited in the sum of £4,000 (2024 - £4,000) and iHomes (Hendon) Limited in the sum of £1,041,470 (2024 - £1,045,470), both being a wholly owned subsidiaries, which have common directors and which are interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 3 (2024: 5).