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REGISTERED NUMBER: 04626919 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NO.1 LETTINGS LIMITED

NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

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


NO.1 LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D N Kambouris
Ms T P D Kambouri





SECRETARY: Ms T P D Kambouri





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 04626919 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,369 9,826

CURRENT ASSETS
Debtors 5 1,297,736 1,157,162
Cash at bank and in hand 80,916 163,499
1,378,652 1,320,661
CREDITORS
Amounts falling due within one year 6 102,782 62,854
NET CURRENT ASSETS 1,275,870 1,257,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,283,239

1,267,633

PROVISIONS FOR LIABILITIES 1,379 1,841
NET ASSETS 1,281,860 1,265,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,281,760 1,265,692
SHAREHOLDERS' FUNDS 1,281,860 1,265,792

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.

NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

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 23 February 2024 and were signed on its behalf by:




D N Kambouris - Director



Ms T P D Kambouri - Director


NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

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


1. STATUTORY INFORMATION

No.1 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.

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


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.

Significant judgements and estimates
The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances.

The estimates and underlying assumptions are reviewed on an ongoing basis. There has been no judgements made by management in the application of FRS 102 that have had a significant effect on the financial statements and estimates with a significant risk of material adjustment.

Turnover
Turnover represents invoiced services and rent receivable.

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

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


NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

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


2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 24,810 12,200 9,854 46,864
DEPRECIATION
At 1 April 2022 19,151 10,100 7,787 37,038
Charge for year 1,415 525 517 2,457
At 31 March 2023 20,566 10,625 8,304 39,495
NET BOOK VALUE
At 31 March 2023 4,244 1,575 1,550 7,369
At 31 March 2022 5,659 2,100 2,067 9,826

NO.1 LETTINGS LIMITED (REGISTERED NUMBER: 04626919)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,213,933 1,044,067
Accrued income 82,784 111,958
Prepayments 1,019 1,137
1,297,736 1,157,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,943 4,741
Other creditors 99,839 58,113
102,782 62,854

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
D N Kambouris
Balance outstanding at start of year - (4,775 )
Amounts repaid - 4,775
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Ms T P D Kambouri
Balance outstanding at start of year - (6,650 )
Amounts repaid - 6,650
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. RELATED PARTY DISCLOSURES

Other debtors include an amount of £1,205,365 (2022: £1,035,498) owed from companies in which the directors have an interest.

During the year, the company paid rent of £701,600 (2022: £681,600) to companies in which the directors have an interest.

The company also paid rent of £118,858 (2022: £125,436) for properties held personally by the directors'.