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REGISTERED NUMBER: 09026930 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Michaels Lettings & Property Management
Limited

Michaels Lettings & Property Management
Limited (Registered number: 09026930)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Michaels Lettings & Property Management
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M C Simpson
M J Rayner
S M H Weir
Ms C Martin





SECRETARY:





REGISTERED OFFICE: Rebow House
62 Head Street
Colchester
Essex
CO1 1PB





REGISTERED NUMBER: 09026930 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Michaels Lettings & Property Management
Limited (Registered number: 09026930)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,130 3,232

CURRENT ASSETS
Debtors 5 574,031 (47,285 )
Cash at bank 114,824 533,138
688,855 485,853
CREDITORS
Amounts falling due within one year 6 69,532 45,767
NET CURRENT ASSETS 619,323 440,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,453

443,318

CREDITORS
Amounts falling due after more than one
year

7

53,638

41,813
NET ASSETS 581,815 401,505

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 581,805 401,495
SHAREHOLDERS' FUNDS 581,815 401,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Michaels Lettings & Property Management
Limited (Registered number: 09026930)

Balance Sheet - continued
31 December 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 18 September 2024 and were signed on its behalf by:




M C Simpson - Director



M J Rayner - Director


Michaels Lettings & Property Management
Limited (Registered number: 09026930)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Michaels Lettings & Property Management 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Michaels Lettings & Property Management
Limited (Registered number: 09026930)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 129 - 5,571 5,700
Additions - 17,488 530 18,018
At 31 December 2023 129 17,488 6,101 23,718
DEPRECIATION
At 1 January 2023 36 - 2,432 2,468
Charge for year 14 4,372 734 5,120
At 31 December 2023 50 4,372 3,166 7,588
NET BOOK VALUE
At 31 December 2023 79 13,116 2,935 16,130
At 31 December 2022 93 - 3,139 3,232

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 32,078 (582,693 )

Amounts falling due after more than one year:
Amounts owed by group undertakings 541,953 535,408

Aggregate amounts 574,031 (47,285 )

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 20,451 10,448
Taxation and social security 47,468 29,873
Other creditors 1,613 5,446
69,532 45,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 36,900 41,813
Hire purchase contracts 16,738 -
53,638 41,813

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Michaels Lettings & Property Management
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michaels Lettings & Property Management Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Michaels Lettings & Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michaels Lettings & Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Michaels Lettings & Property Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Michaels Lettings & Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Michaels Lettings & Property Management Limited. You consider that Michaels Lettings & Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Michaels Lettings & Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


18 September 2024