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REGISTERED NUMBER: 12393043 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

35 Property (Lettings) Ltd

35 Property (Lettings) Ltd (Registered number: 12393043)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


35 Property (Lettings) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: C E Ward
Mrs D M Ward





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 12393043 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

35 Property (Lettings) Ltd (Registered number: 12393043)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,065 2,065
Tangible assets 5 13,630 7,793
Investment property 6 324,675 157,908
340,370 167,766

CURRENT ASSETS
Debtors 7 64,358 77,958
Cash at bank 32,215 21,335
96,573 99,293
CREDITORS
Amounts falling due within one year 8 236,534 168,684
NET CURRENT LIABILITIES (139,961 ) (69,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,409

98,375

CREDITORS
Amounts falling due after more than one year 9 225,228 110,925
NET LIABILITIES (24,819 ) (12,550 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (24,821 ) (12,552 )
(24,819 ) (12,550 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

35 Property (Lettings) Ltd (Registered number: 12393043)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





C E Ward - Director


35 Property (Lettings) Ltd (Registered number: 12393043)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

35 Property (Lettings) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 the income from furnished holiday lettings due to the company for the period covered by the financial statements.

Intangible assets
No amortisation has been provided on the intangible assets as their value has been maintained.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

35 Property (Lettings) Ltd (Registered number: 12393043)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2022
and 31 January 2023 2,065
NET BOOK VALUE
At 31 January 2023 2,065
At 31 January 2022 2,065

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 8,506 249 8,755
Additions 7,378 - 7,378
At 31 January 2023 15,884 249 16,133
DEPRECIATION
At 1 February 2022 853 109 962
Charge for year 1,506 35 1,541
At 31 January 2023 2,359 144 2,503
NET BOOK VALUE
At 31 January 2023 13,525 105 13,630
At 31 January 2022 7,653 140 7,793

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 157,908
Additions 166,767
At 31 January 2023 324,675
NET BOOK VALUE
At 31 January 2023 324,675
At 31 January 2022 157,908

35 Property (Lettings) Ltd (Registered number: 12393043)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 64,358 77,958

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Directors' current accounts 235,394 167,544
Accrued expenses 1,140 1,140
236,534 168,684

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans more 5yrs non-inst 225,228 110,925

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 225,228 110,925

10. SECURED DEBTS

The other loans are a secured liability - a negative pledge has been given.