1 April 2022 false No description of principal activity Taxfiler 2023.10.1 SC225678business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC2256782022-03-31 SC2256782022-04-012023-03-31 SC225678business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC225678business:FilletedAccounts2022-04-012023-03-31 SC2256782023-03-31 SC225678business:Director12022-04-012023-03-31 SC225678business:RegisteredOffice2022-04-012023-03-31 SC2256782022-03-31 SC225678core:WithinOneYear2023-03-31 SC225678core:WithinOneYear2022-03-31 SC225678core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC225678core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC225678core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC225678core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC225678core:PreviouslyStatedAmount2023-03-31 SC225678core:PreviouslyStatedAmount2022-03-31 SC225678business:SmallEntities2022-04-012023-03-31 SC225678countries:Scotland2022-04-012023-03-31 SC225678core:PlantMachinery2022-04-012023-03-31 SC225678core:PlantMachinery2022-03-31 SC225678core:PlantMachinery2023-03-31 SC2256782021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC225678 (Scotland)
Let Assured Ltd. Unaudited accounts for the year ended 31 March 2023
Let Assured Ltd. Unaudited accounts Contents
Page
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Let Assured Ltd. Company Information for the year ended 31 March 2023
Director
Gary Jack
Company Number
SC225678 (Scotland)
Registered Office
Taigh Sonais 6a Naast Poolewe Achnasheen IV22 2LL United Kingdom
Accountants
SJN Consultants Ltd Creag A' Chaorainn Inverasdale Poolewe Wester Ross IV22 2LN
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Let Assured Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
720 
373 
Investment property
278,000 
264,000 
278,720 
264,373 
Current assets
Debtors
1,425 
1,371 
Cash at bank and in hand
60,575 
62,011 
62,000 
63,382 
Creditors: amounts falling due within one year
(5,669)
(6,244)
Net current assets
56,331 
57,138 
Total assets less current liabilities
335,051 
321,511 
Provisions for liabilities
Deferred tax
(4,128)
(1,468)
Net assets
330,923 
320,043 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
330,921 
320,041 
Shareholders' funds
330,923 
320,043 
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Gary Jack Director Company Registration No. SC225678
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Let Assured Ltd. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Let Assured Ltd. is a private company, limited by shares, registered in Scotland, registration number SC225678. The registered office is Taigh Sonais, 6a Naast, Poolewe, Achnasheen, IV22 2LL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Prior Year Restatement
The comparative accounts have ben restated to reflect FRS102 requirements re earlier year revaluations of investment properties, the transfer of the revaluation reserve to general reserves, and the associated deferred taxation charges and liabilities.
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Let Assured Ltd. Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
7,301 
Additions
760 
At 31 March 2023
8,061 
Depreciation
At 1 April 2022
6,928 
Charge for the year
413 
At 31 March 2023
7,341 
Net book value
At 31 March 2023
720 
At 31 March 2022
373 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
264,000 
Net gain from fair value adjustments
14,000 
At 31 March 2023
278,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
125 
71 
Other debtors
1,300 
1,300 
1,425 
1,371 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,156 
2,223 
Other creditors
1,300 
1,300 
Loans from directors
312 
741 
Accruals
1,901 
1,980 
5,669 
6,244 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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