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REGISTERED NUMBER: 11785275 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Laings Lettings Limited

Laings Lettings Limited (Registered number: 11785275)






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


Laings Lettings Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: R Laing





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





REGISTERED NUMBER: 11785275 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Laings Lettings Limited (Registered number: 11785275)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,160 38,387
Investment property 5 114,457 114,457
126,617 152,844

CREDITORS
Amounts falling due within one year 6 17,549 53,881
NET CURRENT LIABILITIES (17,549 ) (53,881 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,068

98,963

CREDITORS
Amounts falling due after more than one year 7 75,681 77,997
NET ASSETS 33,387 20,966

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,287 20,866
33,387 20,966

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 director acknowledges his 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.

Laings Lettings Limited (Registered number: 11785275)

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 director and authorised for issue on 23 October 2023 and were signed by:





R Laing - Director


Laings Lettings Limited (Registered number: 11785275)

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

1. STATUTORY INFORMATION

Laings Lettings Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Capital caravans - 20% 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.

Going concern
The company's financial statements for the year ended 31 January 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Laings Lettings Limited (Registered number: 11785275)

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

4. TANGIBLE FIXED ASSETS
Capital
caravans
£   
COST
At 1 February 2022 50,650
Disposals (31,650 )
At 31 January 2023 19,000
DEPRECIATION
At 1 February 2022 12,263
Charge for year 3,040
Eliminated on disposal (8,463 )
At 31 January 2023 6,840
NET BOOK VALUE
At 31 January 2023 12,160
At 31 January 2022 38,387

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 114,457
NET BOOK VALUE
At 31 January 2023 114,457
At 31 January 2022 114,457

The director does not consider the market value to be materially different as at 31 January 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,102 2,871
Taxation and social security 1,784 3,153
Other creditors 8,663 47,857
17,549 53,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 75,681 77,997

Laings Lettings Limited (Registered number: 11785275)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 77,895 80,124

9. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current account balance of £6,014 There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.