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Registration number: 08501462

Almond Lettings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Almond Lettings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Almond Lettings Limited

(Registration number: 08501462)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

687,000

567,000

Current assets

 

Cash at bank and in hand

 

29,448

19,697

Creditors: Amounts falling due within one year

5

(394,017)

(393,453)

Net current liabilities

 

(364,569)

(373,756)

Total assets less current liabilities

 

322,431

193,244

Provisions for liabilities

(55,803)

(25,803)

Net assets

 

266,628

167,441

Capital and reserves

 

Called up share capital

2

2

Other reserves

200,163

110,163

Retained earnings

66,463

57,276

Shareholders' funds

 

266,628

167,441

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 April 2024 and signed on its behalf by:
 

.........................................
A L Haighton
Company secretary and director

 

Almond Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Breach Farm Garage
Egbury Road
St Mary Bourne
Andover
Hampshire
SP11 6DQ

These financial statements were authorised for issue by the Board on 15 April 2024.

These financial statements were authorised for issue by the Board on ........... .

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Income recognition

Turnover is derived from the rental of properties.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment properties are included at fair value. Gains are recognised in profit or loss and transferred to the
non-distributable reserve. Deferred taxation is provided on these gains at the rate expected to apply when the
property is sold.

 

Almond Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investment properties

2023
£

At 1 November

567,000

Fair value adjustments

120,000

At 31 October

687,000

Investment properties are included at their open market value of £687,000 and is based on the directors' valuation. The properties initially cost £431,034 and have been revalued by £255,966.

There has been no valuation of investment property by an independent valuer.

 

Almond Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

114,998

114,998

Taxation and social security

 

2,155

1,834

Accruals and deferred income

 

1,974

1,730

Other creditors

 

274,890

274,891

 

394,017

393,453

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

114,998

114,998

7

Profit and loss account

2023
£

2022
£

Distributable reserves

66,463

57,276

Non-distributable reserves

200,163

110,163

266,626

167,439