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REGISTERED NUMBER: 04768895 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Basingstoke Lettings Limited

Basingstoke Lettings Limited (Registered number: 04768895)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Basingstoke Lettings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Beatens





REGISTERED OFFICE: 11 Vickers House
Priestley Road
Basingstoke
Hampshire
RG27 0FD





REGISTERED NUMBER: 04768895 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

Basingstoke Lettings Limited (Registered number: 04768895)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562 749

CURRENT ASSETS
Debtors 5 7,503 18,396
Cash at bank 32,096 37,158
39,599 55,554
CREDITORS
Amounts falling due within one year 6 38,991 54,228
NET CURRENT ASSETS 608 1,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170

2,075

PROVISIONS FOR LIABILITIES 107 148
NET ASSETS 1,063 1,927

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,061 1,925
1,063 1,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Basingstoke Lettings Limited (Registered number: 04768895)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 19 August 2024 and were signed by:





N Beatens - Director


Basingstoke Lettings Limited (Registered number: 04768895)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Basingstoke 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.
Fixtures and fittings - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Basingstoke Lettings Limited (Registered number: 04768895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 4,689 5,564 10,253
DEPRECIATION
At 1 April 2023 4,570 4,934 9,504
Charge for year 30 157 187
At 31 March 2024 4,600 5,091 9,691
NET BOOK VALUE
At 31 March 2024 89 473 562
At 31 March 2023 119 630 749

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 403 403
Directors' current accounts 7,100 -
7,503 403

Amounts falling due after more than one year:
Other debtors - 17,993

Aggregate amounts 7,503 18,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 22,447 13,905
Social security and other taxes 833 44
VAT 5,681 6,536
Other creditors 8,339 27,320
Wages payable 1,598 1,372
Directors' loan accounts - 3,451
Accruals and deferred income 93 1,600
38,991 54,228

Basingstoke Lettings Limited (Registered number: 04768895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
N Beatens
Balance outstanding at start of year (3,451 ) 56,049
Amounts advanced 19,894 4,411
Amounts repaid (9,343 ) (63,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,100 (3,451 )

8. RELATED PARTY DISCLOSURES

During the year the director made a loan with the company during the year on which interest has been charged at the HMRC official rate. At the balance sheet date the amount owed from the director was (£7,100) (2023 owed to the director: £3,451).