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Registered number: 10194475
Niche Lodgings Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2025
Niche Lodgings Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
Niche Lodgings Ltd
Abridged Balance Sheet
As At 31 May 2025
Abridged Balance Sheet
Registered number: 10194475

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 903 |  | 1,204
Investment Properties | 5 |  | 729,237 |  | 650,000
|  |  | 730,140 |  | 651,204
CURRENT ASSETS
Debtors |  | 2,300 |  | 672 |
Cash at bank and in hand |  | 8,751 |  | 8,888 |
|  | 11,051 |  | 9,560 |
Creditors: Amounts Falling Due Within One Year |  | (4,628 ) |  | (3,748 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 6,423 |  | 5,812
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 736,563 |  | 657,016
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (763,015 ) |  | (673,015 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (3,563 ) |  | (3,563 )
NET LIABILITIES |  |  | (30,015 ) |  | (19,562 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Fair value reserve | 9 |  | 15,191 |  | 15,191
Profit and Loss Account |  |  | (45,306 ) |  | (34,853 )
SHAREHOLDERS' FUNDS |  |  | (30,015) |  | (19,562)

Page 1
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Niche Lodgings Ltd
Abridged Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mrs Fiona Cole Director
27/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Niche Lodgings Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 May 2025
Notes to the Abridged Financial Statements
1. General Information
Niche Lodgings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10194475 . The registered office is Bassett House, 5 Southwell Park Road, Camberley, Surrey, GU15 3PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from rental income of seviced apartments.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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Niche Lodgings Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 May 2025
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 June 2024 | 9,020
As at 31 May 2025 | 9,020
Depreciation
As at 1 June 2024 | 7,816
Provided during the period | 301
As at 31 May 2025 | 8,117
Net Book Value
As at 31 May 2025 | 903
As at 1 June 2024 | 1,204

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 June 2024 | 650,000
Additions | 79,237
As at 31 May 2025 | 729,237

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 710,483 |  | 631,246

The investment property was valued at £729,200 on an open market basis, by the director.
7. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 474,300 |  | 474,300

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4
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Niche Lodgings Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 May 2025
9. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 June 2024 | 15,191 | (34,853 )
Loss for the year and total comprehensive income | - | (10,453 )
As at 31 May 2025 | 15,191 | (45,306 )

10. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Fiona Cole and Mr John Cole, by virtue of his ownership of 100% of the issued share capital in the company.
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