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REGISTERED NUMBER: 07211683 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

2LET AGENCY LIMITED

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2LET AGENCY LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTOR: Mr Anthony McNichol





REGISTERED OFFICE: Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA





REGISTERED NUMBER: 07211683 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 406 251
Tangible assets 5 34,142 20,409
Investments 6 3,999 3,999
38,547 24,659

CURRENT ASSETS
Debtors 7 4,836 76,711
Cash at bank 274,124 166,810
278,960 243,521
CREDITORS
Amounts falling due within one year 8 52,291 46,497
NET CURRENT ASSETS 226,669 197,024
TOTAL ASSETS LESS CURRENT LIABILITIES 265,216 221,683

PROVISIONS FOR LIABILITIES 1,470 -
NET ASSETS 263,746 221,683

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 263,646 221,583
SHAREHOLDERS' FUNDS 263,746 221,683

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

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

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

BALANCE SHEET - continued
31 March 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





Mr Anthony McNichol - Director


2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

2Let Agency 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.

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


The level of rounding used in the financial statements is to the nearest £1.

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 for fees received from property letting.

Goodwill
Acquired goodwill is written off in equal installments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Vehicle number plates are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
The company has adopted the accrual model in regards to accounting for the grants.

Going concern accounting policy
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022 48,000 279 48,279
Additions - 222 222
At 31 March 2023 48,000 501 48,501
AMORTISATION
At 1 April 2022 48,000 28 48,028
Charge for year - 67 67
At 31 March 2023 48,000 95 48,095
NET BOOK VALUE
At 31 March 2023 - 406 406
At 31 March 2022 - 251 251

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 15,980 30,862 46,842
Additions 2,319 17,700 20,019
At 31 March 2023 18,299 48,562 66,861
DEPRECIATION
At 1 April 2022 10,150 16,283 26,433
Charge for year 1,166 5,120 6,286
At 31 March 2023 11,316 21,403 32,719
NET BOOK VALUE
At 31 March 2023 6,983 27,159 34,142
At 31 March 2022 5,830 14,579 20,409

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 3,999
NET BOOK VALUE
At 31 March 2023 3,999
At 31 March 2022 3,999

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,836 76,711

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,613 1,132
Taxation and social security 46,765 43,062
Other creditors 2,913 2,303
52,291 46,497

2LET AGENCY LIMITED (REGISTERED NUMBER: 07211683)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr Anthony McNichol
Balance outstanding at start of year 71,541 65,641
Amounts advanced 20,762 97,400
Amounts repaid (92,303 ) (91,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 71,541

The amounts above represent aggregates of the advances and repayments made in the year.

The loans are unsecured and repayable on demand. Interest has been charged at a rate of 2.25%
per annum to 5 April 2021 and 2% per annum thereafter on any outstanding advances during the year.