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REGISTERED NUMBER: 08215745 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

EDWARD LETTINGS LIMITED

EDWARD LETTINGS LIMITED (REGISTERED NUMBER: 08215745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Balance sheet 1

Notes to the financial statements 2


EDWARD LETTINGS LIMITED (REGISTERED NUMBER: 08215745)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £   
Current assets
Debtors 4 10,000 51,042
Cash at bank and in hand 139,912 110,516
149,912 161,558
Creditors
Amounts falling due within one year 5 103,186 117,251
Net current assets 46,726 44,307
Total assets less current liabilities 46,726 44,307

Creditors
Amounts falling due after more than one year 6 33,333 42,500
Net assets 13,393 1,807

Capital and reserves
Called up share capital 7 100 100
Retained earnings 13,293 1,707
Shareholders' funds 13,393 1,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:




Mr G Brooks - Director



Mr S Seyed-Rezai - Director


EDWARD LETTINGS LIMITED (REGISTERED NUMBER: 08215745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. Statutory information

Edward Lettings Limited is a private company, limited by shares, incorporated in England within the United Kingdom registration number 08215745. The address of the registered office is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and place of business is 404 Ringwood Road, Ferndown, Dorset, BH22 9AU.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for property management fees and services net of VAT. Commissions and fees earned under lettings and other income are recognised at the point of delivery of the service.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

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

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2021 - 3 ) .

EDWARD LETTINGS LIMITED (REGISTERED NUMBER: 08215745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors - 1,042
Amounts owed by group undertakings 9,500 50,000
Other debtors 500 -
10,000 51,042

5. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 10,000 7,500
Trade creditors 1,899 3,492
Amounts owed to group undertakings 864 15,500
Corporation tax 20,310 21,278
VAT 5,854 920
Client monies held 63,059 62,282
Accruals and deferred income 1,200 6,279
103,186 117,251

6. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 23,333 30,000
Bank loans more 5 yr by instal - 2,500
33,333 42,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,500

7. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

8. Ultimate controlling party

The company is ultimately controlled by the director, Mr S Seyed-Rezai, by virtue of his 60% holding in the voting share capital of the the parent company, Edward Holdings (UK) Limited.