Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC564310 2023-04-01 2024-03-31 SC564310 2022-04-01 2023-03-31 SC564310 2024-03-31 SC564310 2023-03-31 SC564310 c:Director1 2023-04-01 2024-03-31 SC564310 c:Director2 2023-04-01 2024-03-31 SC564310 c:RegisteredOffice 2023-04-01 2024-03-31 SC564310 d:CurrentFinancialInstruments 2024-03-31 SC564310 d:CurrentFinancialInstruments 2023-03-31 SC564310 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC564310 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC564310 d:ShareCapital 2024-03-31 SC564310 d:ShareCapital 2023-03-31 SC564310 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC564310 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC564310 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC564310 c:OrdinaryShareClass1 2024-03-31 SC564310 c:OrdinaryShareClass1 2023-03-31 SC564310 c:OrdinaryShareClass2 2023-04-01 2024-03-31 SC564310 c:OrdinaryShareClass2 2024-03-31 SC564310 c:OrdinaryShareClass2 2023-03-31 SC564310 c:FRS102 2023-04-01 2024-03-31 SC564310 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC564310 c:FullAccounts 2023-04-01 2024-03-31 SC564310 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC564310 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC564310










LETS RENT INVERURIE LIMITED
FINANCIAL STATEMENTS
FOR THE year ENDED 31 MARCH 2024

 
LETS RENT INVERURIE LIMITED
 

COMPANY INFORMATION


Directors
Mrs M K Adie 
Mr P Adie 




Registered number
SC564310



Registered office
Unit 14 City Quay
Camperdown Street

Dundee

DD1 3JA




Trading Address
Harthill Croft

Kintore

Aberdeenshire

AB51 OXU






Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
LETS RENT INVERURIE LIMITED
REGISTERED NUMBER: SC564310

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Investments
 3 
427,300
427,300

  
427,300
427,300

Current assets
  

Debtors: amounts falling due within one year
 4 
342
627

Bank and cash balances
  
4,732
1,849

  
5,074
2,476

Creditors: amounts falling due within one year
 5 
(427,265)
(428,840)

Net current liabilities
  
 
 
(422,191)
 
 
(426,364)

Total assets less current liabilities
  
5,109
936

  

Net assets
  
5,109
936


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
5,009
836

  
5,109
936


Page 1

 
LETS RENT INVERURIE LIMITED
REGISTERED NUMBER: SC564310

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 on 12 August 2024.




Mrs M K Adie
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LETS RENT INVERURIE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Lets Rent Inverurie Limited is a private company, limited by shares, domiciled in Scotland with registration number SC564310. The registered office is 14 City Quay, Dundee, DD1 3JA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
LETS RENT INVERURIE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.5

Fixed Asset Investments

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
427,300



At 31 March 2024
427,300




The 2024 valuations were made by the director, on an open market value for existing use basis.

Page 4

 
LETS RENT INVERURIE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
-
36

Prepayments and accrued income
342
591

342
627



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
170
372

Other creditors
423,951
425,588

Accruals and deferred income
3,144
2,880

427,265
428,840



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

100

100



Page 5