IRIS Accounts Production v23.4.0.336 08620226 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086202262022-08-31086202262023-08-31086202262022-09-012023-08-31086202262021-08-31086202262021-09-012022-08-31086202262022-08-3108620226ns15:EnglandWales2022-09-012023-08-3108620226ns14:PoundSterling2022-09-012023-08-3108620226ns10:Director12022-09-012023-08-3108620226ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3108620226ns10:SmallEntities2022-09-012023-08-3108620226ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3108620226ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108620226ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3108620226ns10:FullAccounts2022-09-012023-08-3108620226ns10:OrdinaryShareClass12022-09-012023-08-3108620226ns10:RegisteredOffice2022-09-012023-08-3108620226ns5:CurrentFinancialInstruments2023-08-3108620226ns5:CurrentFinancialInstruments2022-08-3108620226ns5:ShareCapital2023-08-3108620226ns5:ShareCapital2022-08-3108620226ns5:RetainedEarningsAccumulatedLosses2023-08-3108620226ns5:RetainedEarningsAccumulatedLosses2022-08-3108620226ns5:MotorVehicles2022-09-012023-08-3108620226ns5:MotorVehicles2023-08-3108620226ns5:RemainingRelatedPartiesns5:WithinOneYear2023-08-3108620226ns5:RemainingRelatedPartiesns5:WithinOneYear2022-08-3108620226ns5:WithinOneYear2023-08-3108620226ns5:WithinOneYear2022-08-3108620226ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108620226ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3108620226ns5:RemainingRelatedPartiesns5:AfterOneYear2023-08-3108620226ns5:RemainingRelatedPartiesns5:AfterOneYear2022-08-3108620226ns5:AfterOneYear2023-08-3108620226ns5:AfterOneYear2022-08-3108620226ns5:Non-currentFinancialInstruments2023-08-3108620226ns5:Non-currentFinancialInstruments2022-08-3108620226ns5:AcceleratedTaxDepreciationDeferredTax2023-08-3108620226ns5:AcceleratedTaxDepreciationDeferredTax2022-08-3108620226ns5:DeferredTaxation2022-09-012023-08-3108620226ns5:DeferredTaxation2023-08-3108620226ns10:OrdinaryShareClass12023-08-31086202261ns10:Director12022-08-31086202261ns10:Director12021-08-31086202261ns10:Director12022-09-012023-08-31086202261ns10:Director12021-09-012022-08-31086202261ns10:Director12023-08-31086202261ns10:Director12022-08-31
REGISTERED NUMBER: 08620226 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Sterling Lettings Limited

Sterling Lettings Limited (Registered number: 08620226)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sterling Lettings Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: F Christodoulou





REGISTERED OFFICE: 66 Lancaster Avenue
Hadley Wood
Barnet
Hertfordshire
EN4 0EU





BUSINESS ADDRESS: 11-19 Grange Lane
Leicester
Leicestershire
LE2 7EE





REGISTERED NUMBER: 08620226 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Sterling Lettings Limited (Registered number: 08620226)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,350 -

CURRENT ASSETS
Debtors 5 844,322 530,800
Cash at bank 155,005 471,276
999,327 1,002,076
CREDITORS
Amounts falling due within one year 6 230,004 225,968
NET CURRENT ASSETS 769,323 776,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,673

776,108

PROVISIONS FOR LIABILITIES 7 10,693 -
NET ASSETS 798,980 776,108

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 798,880 776,008
SHAREHOLDERS' FUNDS 798,980 776,108

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

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

Sterling Lettings Limited (Registered number: 08620226)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





F Christodoulou - Director


Sterling Lettings Limited (Registered number: 08620226)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Sterling Lettings 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.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Sterling Lettings Limited (Registered number: 08620226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 53,800
At 31 August 2023 53,800
DEPRECIATION
Charge for year 13,450
At 31 August 2023 13,450
NET BOOK VALUE
At 31 August 2023 40,350

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 728,971 344,075
Other debtors - 1,000
Victoria Road EN4 Developments Ltd 72,000 72,000
Directors' current accounts 32,626 83,000
833,597 500,075

Amounts falling due after more than one year:
XLNT Properties Ltd loan - 20,000
S.455 Participator loan tax 10,725 10,725
10,725 30,725

Aggregate amounts 844,322 530,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Tax 34,837 32,567
Social security and other taxes 1,336 861
Deposits & client funds 191,747 190,695
NEST pension creditor 302 238
Accrued expenses 1,782 1,607
230,004 225,968

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 10,693 -

Sterling Lettings Limited (Registered number: 08620226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 10,693
Balance at 31 August 2023 10,693

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.23 31.8.22
£    £   
F Christodoulou
Balance outstanding at start of year 83,000 183,000
Amounts advanced - 50,000
Amounts repaid (50,374 ) (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,626 83,000

The loan to the director is interest free with no fixed repayment terms.