Caseware UK (AP4) 2022.0.179 2022.0.179 The principal activity of the company in the year under review was that of letting agents.62022-03-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08903046 2022-03-01 2023-02-28 08903046 2021-03-01 2022-02-28 08903046 2023-02-28 08903046 2022-02-28 08903046 c:Director1 2022-03-01 2023-02-28 08903046 c:Director2 2022-03-01 2023-02-28 08903046 d:Buildings 2022-03-01 2023-02-28 08903046 d:Buildings 2023-02-28 08903046 d:Buildings 2022-02-28 08903046 d:Buildings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:PlantMachinery 2022-03-01 2023-02-28 08903046 d:PlantMachinery 2023-02-28 08903046 d:PlantMachinery 2022-02-28 08903046 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:MotorVehicles 2022-03-01 2023-02-28 08903046 d:MotorVehicles 2023-02-28 08903046 d:MotorVehicles 2022-02-28 08903046 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:FurnitureFittings 2022-03-01 2023-02-28 08903046 d:FurnitureFittings 2023-02-28 08903046 d:FurnitureFittings 2022-02-28 08903046 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:ComputerEquipment 2022-03-01 2023-02-28 08903046 d:ComputerEquipment 2023-02-28 08903046 d:ComputerEquipment 2022-02-28 08903046 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08903046 d:CurrentFinancialInstruments 2023-02-28 08903046 d:CurrentFinancialInstruments 2022-02-28 08903046 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08903046 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08903046 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 08903046 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 08903046 d:ShareCapital 2023-02-28 08903046 d:ShareCapital 2022-02-28 08903046 d:RetainedEarningsAccumulatedLosses 2023-02-28 08903046 d:RetainedEarningsAccumulatedLosses 2022-02-28 08903046 c:FRS102 2022-03-01 2023-02-28 08903046 c:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08903046 c:FullAccounts 2022-03-01 2023-02-28 08903046 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08903046 2 2022-03-01 2023-02-28 08903046 e:PoundSterling 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 08903046










SJ Lettings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 28 February 2023

 
SJ Lettings Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of SJ Lettings Limited for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SJ Lettings Limited for the year ended 28 February 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of SJ Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 26 October 2021Our work has been undertaken solely to prepare for your approval the financial statements of SJ Lettings Limited  and state those matters that we have agreed to state to the Board of Directors of SJ Lettings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SJ Lettings Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that SJ Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SJ Lettings Limited. You consider that SJ Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of SJ Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
Date:
22 November 2023
Page 1

 
SJ Lettings Limited
Registered number: 08903046

Balance Sheet
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,786
23,117

Current assets
  

Debtors
 5 
9,620
1,417

Cash at bank
  
426,333
302,834

  
435,953
304,251

Creditors: amounts falling due within one year
 6 
(412,384)
(326,425)

Net current assets/(liabilities)
  
 
 
23,569
 
 
(22,174)

Total assets less current liabilities
  
40,355
943

Provisions for liabilities
  
4,197
1,438

  


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
36,156
(497)

  
36,158
(495)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Jeffries
................................................
C Edridge
Director
Director
Date: 22 November 2023
Date:22 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SJ Lettings Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

1.


General information

S J Lettings Limited is a private company limited by share capital incorporated in England and Wales. The registered office is: 52 Lewes Road, Brighton, United Kingdom, BN2 3HW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The going concern basis is considered to be appropriate as the company is dependent on the support of the directors. The directors have indicated that they will continue to support the company for the foreseeable future. If the assumption proves to be inappropriate, then adjustments may have to be made to adjust the assets to their recoverable amount, to provide for any further liabilities which might arise and reclassify assets as current assets.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

                 Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation
                 and any accumulated impairment losses.

Page 3

 
SJ Lettings Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Improvements to property
-
10%
straight line
Plant and machinery
-
10%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 6).

Page 4

 


 
SJ Lettings Limited


 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023


4.


Tangible fixed assets






Improvements to property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 March 2022
45,105
-
9,895
7,525
12,390
74,915


Additions
-
1,441
-
472
359
2,272



At 28 February 2023

45,105
1,441
9,895
7,997
12,749
77,187



Depreciation


At 1 March 2022
26,945
-
7,422
7,204
10,227
51,798


Charge for the year
4,511
51
2,473
344
1,224
8,603



At 28 February 2023

31,456
51
9,895
7,548
11,451
60,401



Net book value



At 28 February 2023
13,649
1,390
-
449
1,298
16,786



At 28 February 2022
18,160
-
2,473
321
2,163
23,117

Page 5

 
SJ Lettings Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

5.


Debtors

2023
2022
£
£


Other debtors
3,006
-

Prepayments and accrued income
6,614
1,417

9,620
1,417



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
660
-

Corporation tax
13,728
173

Other taxation and social security
5,308
15,136

Other creditors
392,688
311,116

412,384
326,425



7.


Related party transactions

S Jeffries
(Director)
The director provided the company with an interest free loan repayable on demand. At the balance sheet date the amount due to the director was £844 (2022: £4,249).
C Edridge
(Director)
The director provided the company with an interest free loan repayable on demand. At the balance sheet date the amount due to the director was £2,278 (2022: £2,378).


Page 6