IHG Cardiff Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10262480

IHG Cardiff Limited

Filleted Unaudited Financial Statements

28 March 2025

IHG Cardiff Limited

Financial Statements

Year ended 28 March 2025

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 4

IHG Cardiff Limited

Statement of Financial Position

28 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	75,000	75,000
Cash at bank and in hand		5,101	7,323
		--------	--------
		80,101	82,323

Creditors: amounts falling due within one year	6	( 37,799)	( 47,960)
		--------	--------
Net current assets		42,302	34,363
		--------	--------
Total assets less current liabilities		42,302	34,363

Creditors: amounts falling due after more than one year	7	( 34,807)	( 36,172)
		--------	--------
Net assets/(liabilities)		7,495	( 1,809)
		--------	--------

Capital and reserves

Called up share capital	8	200	200
Profit and loss account		7,295	( 2,009)
		-------	-------
Shareholders funds/(deficit)		7,495	( 1,809)
		-------	-------

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 comprehensive income has not been delivered.

For the year ending 28 March 2025 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 his 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 21 January 2026 , and are signed on behalf of the board by:

Mr C. T. Clark
Director

Company registration number: 10262480

IHG Cardiff Limited

Notes to the Financial Statements

Year ended 28 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Eclipse Street, Cardiff, CF24 0JE, Wales.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

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. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tax on profit/(loss)

Major components of tax income

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	( 17,598)
	----	--------
Tax on profit/(loss)	–	( 17,598)
	----	--------

5. Debtors

	2025	2024
	£	£
Other debtors	75,000	75,000
	--------	--------

Other debtors include an amount of £nil (2024 - £nil) falling due after more than one year.

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	1,831	1,823
Corporation tax	16,352	25,204
Other creditors	19,616	20,933
	--------	--------
	37,799	47,960
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	9,807	11,172
Other loans	25,000	25,000
	--------	--------
	34,807	36,172
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £2,482 (2024: £3,880) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	200	200	200	200
	----	----	----	----

9. Related party transactions

The company was under the control of Mr C. T. Clark , the managing director, throughout the current and prior year by virtue of his interest in 100% of the issued ordinary share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.