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Lifestyle Lettings (South West) Limited
Registered Number:04798341
For the period ended 28 October 2022
England and Wales
Unaudited Financial Statements
2
For the period ended 28 October 2022
Lifestyle Lettings (South West) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04798341
As at 28 October 2022
Lifestyle Lettings (South West) Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
6,189
6,348
2
6,189
6,348
Current assets
Trade and other receivables
81,940
97,800
3
107,265
Cash and cash equivalents
119,328
217,128
189,205
Trade and other payables: amounts falling due within one
year
(183,443)
(214,430)
4
5,762
2,698
Net current assets
Total assets less current liabilities
8,887
12,110
Trade and other payables: amounts falling due after more
than one year
(11,500)
(8,250)
5
(558)
(571)
Provisions for liabilities
79
Net assets
39
Capital and reserves
Called up share capital
3
3
Retained earnings
76
36
79
39
Shareholders' funds
For the period ended 28 October 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
N M Hellings Director
These financial statements were approved and authorised for issue by the Board on 26 October 2023 and were signed by:
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4
Registered Number :
04798341
For the period ended 28 October 2022
Lifestyle Lettings (South West) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 28 October 2022
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements
Statutory Information
Lifestyle Lettings (South West) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04798341.
Registered address:
42 Great Berry Road
Crownhill
Plymouth
Devon
PL6 5AY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents income from the provision of property management services at invoice value, less Value Added Tax and any trade discounts.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
2% Straight line
15% Reducing balance
Office equipment
2. Property, plant and equipment
Total
Office
equipment
Leasehold
improvements
£
£
£
Cost or
valuation
At 30 October 2021
16,064
11,763
4,301
702
702
-
Additions
(357)
-
Disposals
(357)
At 28 October 2022
4,301
12,108
16,409
Provision for depreciation and impairment
At 30 October 2021
9,716
8,757
959
Charge for period
603
517
86
(99)
(99)
-
On disposal
At 28 October 2022
10,220
9,175
1,045
At 28 October 2022
Net book value
3,256
2,933
6,189
At 29 October 2021
3,342
3,006
6,348
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6
For the period ended 28 October 2022
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2021
2022
£
£
Other debtors
97,800
81,940
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
10,889
12,687
Trade creditors
4,680
4,194
Taxation and social security
31,071
18,259
Other creditors
167,790
148,303
214,430
183,443
Included within taxation and social security is corporation tax of £20,546 (2021: £14,138). There is a charge over the present and future property of the company. The charge was satisfied on 20 November 2021.
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
8,250
11,500
6. Related party transactions
Dividends of £19,600 were paid to the directors in the year.
The company is under the effective control of its directors.
7. Directors advances and guarantees
At 30/10/2021
Loaned
Repaid
At 28/10/2022
£
£
£
£
N M Hellings
Loan to director
85,403
71,226
44,357
30,180
85,403
71,226
44,357
30,180
I C Pring
Loan to director
649
649
-
-
649
649
-
-
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7
For the period ended 28 October 2022
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements Continued
8. Average number of persons employed
During the year the average number of employees was 4 (2021 : 4)
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