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REGISTERED NUMBER: 11250614 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BY THE LAKE LETTINGS LTD

BY THE LAKE LETTINGS LTD (REGISTERED NUMBER: 11250614)






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


BY THE LAKE LETTINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms S Crocker
R N G Tapp





REGISTERED OFFICE: Archer House
Britland
Northbourne Road
Eastbourne
East Sussex
BN22 8PW





REGISTERED NUMBER: 11250614 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

BY THE LAKE LETTINGS LTD (REGISTERED NUMBER: 11250614)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 294,000 245,000

CURRENT ASSETS
Debtors 5 192 -
Cash at bank 25,003 24,838
25,195 24,838
CREDITORS
Amounts falling due within one year 6 66,707 66,138
NET CURRENT LIABILITIES (41,512 ) (41,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,488

203,700

CREDITORS
Amounts falling due after more than one
year

7

165,969

165,095
NET ASSETS 86,519 38,605

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 99,000 50,000
Retained earnings (12,483 ) (11,397 )
SHAREHOLDERS' FUNDS 86,519 38,605

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 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.

BY THE LAKE LETTINGS LTD (REGISTERED NUMBER: 11250614)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





Ms S Crocker - Director


BY THE LAKE LETTINGS LTD (REGISTERED NUMBER: 11250614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

By The Lake 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 as modified by the revaluation of certain assets.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 245,000
Revaluations 49,000
At 31 March 2023 294,000
NET BOOK VALUE
At 31 March 2023 294,000
At 31 March 2022 245,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 195,000
Valuation in 2020 20,000
Valuation in 2021 5,000
Valuation in 2022 25,000
Valuation in 2023 49,000
294,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 192 -

BY THE LAKE LETTINGS LTD (REGISTERED NUMBER: 11250614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 66,707 66,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 165,969 165,095

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022 50,000
Reserve transfer 49,000

At 31 March 2023 99,000

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party