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REGISTERED NUMBER: 06750307 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

WE RENT FLATS TOO LIMITED

WE RENT FLATS TOO LIMITED (REGISTERED NUMBER: 06750307)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WE RENT FLATS TOO LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr D Ingram
Mr B Mendoza
Mr L S Bentley





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06750307 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

WE RENT FLATS TOO LIMITED (REGISTERED NUMBER: 06750307)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,152 1,246

CURRENT ASSETS
Debtors 5 182,604 141,890
Cash at bank 283,455 349,540
466,059 491,430
CREDITORS
Amounts falling due within one year 6 435,774 445,396
NET CURRENT ASSETS 30,285 46,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,437

47,280

CREDITORS
Amounts falling due after more than one year 7 14,499 20,503
NET ASSETS 16,938 26,777

CAPITAL AND RESERVES
Called up share capital 9 264 264
Retained earnings 16,674 26,513
SHAREHOLDERS' FUNDS 16,938 26,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 30 August 2024 and were signed on its behalf by:





Mr D Ingram - Director


WE RENT FLATS TOO LIMITED (REGISTERED NUMBER: 06750307)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

We Rent Flats Too 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 2,888
Additions 290
At 30 November 2023 3,178
DEPRECIATION
At 1 December 2022 1,642
Charge for year 384
At 30 November 2023 2,026
NET BOOK VALUE
At 30 November 2023 1,152
At 30 November 2022 1,246

WE RENT FLATS TOO LIMITED (REGISTERED NUMBER: 06750307)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 91,701 91,890
Other debtors 1,000 1,000
Tax 1,174 -
Prepayments and accrued income 88,729 49,000
182,604 141,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 9,536 6,000
Trade creditors 9,913 4,763
Amounts owed to participating interests 177,242 161,170
Tax - 1,191
VAT 3,084 2,512
Other creditors - client accou 229,439 260,315
Accrued expenses 6,560 9,445
435,774 445,396

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 14,499 20,503

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,536 -
Bank loans 6,000 6,000
9,536 6,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,499 14,503

WE RENT FLATS TOO LIMITED (REGISTERED NUMBER: 06750307)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
86 Ordinary A £1 86 86
86 Ordinary B £1 86 86
86 Ordinary C £1 86 86
6 Ordinary D £1 6 6
264 264

10. RELATED PARTY DISCLOSURES

Included in creditors at the balance sheet date is an amount of £105,158 (2022; £86,829) due to L B D Investments Ltd and amount of £72,084 (2022; £74,341) owed to L B D Maintenance Ltd, both companies are jointly owned by the directors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr D Ingram, Mr L S Bentley & Mr B Mendoza by virtue of their joint shareholding.