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REGISTERED NUMBER: 02198778 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CGT LETTINGS LIMITED

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)






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


CGT LETTINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs P L C Baldwin
Mr D J C Baldwin
Mr N Devonport





SECRETARY: Mrs P L C Baldwin





REGISTERED OFFICE: 119 Promenade
Cheltenham
Gloucestershire
GL50 1NW





REGISTERED NUMBER: 02198778 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 387,853 494,124
Tangible assets 5 151,149 173,181
539,002 667,305

CURRENT ASSETS
Debtors 6 244,574 74,362
Cash at bank and in hand 909 810
245,483 75,172
CREDITORS
Amounts falling due within one year 7 (339,982 ) (293,264 )
NET CURRENT LIABILITIES (94,499 ) (218,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,503

449,213

CREDITORS
Amounts falling due after more than one
year

8

(32,288

)

(57,890

)

PROVISIONS FOR LIABILITIES (4,506 ) (4,506 )
NET ASSETS 407,709 386,817

CAPITAL AND RESERVES
Called up share capital 838 838
Capital redemption reserve 162 162
Retained earnings 406,709 385,817
407,709 386,817

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 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.

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr D J C Baldwin - Director


CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CGT 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

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.

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS

Intangible fixed assets, being goodwill arising on acquisitions, are measured at lost accumulative amortisation.

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 April 2023 210,399 4,088 769
Additions - - -
At 31 March 2024 210,399 4,088 769
DEPRECIATION
At 1 April 2023 64,055 4,088 769
Charge for year 4,140 - -
At 31 March 2024 68,195 4,088 769
NET BOOK VALUE
At 31 March 2024 142,204 - -
At 31 March 2023 146,344 - -

Office
Motor Equipment
vehicles & Furniture Totals
£    £    £   
COST
At 1 April 2023 79,467 326,357 621,080
Additions - 26,731 26,731
At 31 March 2024 79,467 353,088 647,811
DEPRECIATION
At 1 April 2023 52,630 326,357 447,899
Charge for year 17,892 26,731 48,763
At 31 March 2024 70,522 353,088 496,662
NET BOOK VALUE
At 31 March 2024 8,945 - 151,149
At 31 March 2023 26,837 - 173,181

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,862 6,458
Other debtors 242,275 29,116
Directors' current accounts - 43
Prepayments 437 38,745
244,574 74,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 66,748 20,330
Hire purchase contracts (see note 10) 17,020 17,020
Trade creditors 27,426 33,652
Tax 44,602 73,182
Social security and other taxes 104,540 104,481
Other creditors 20,152 37,533
Directors' current accounts 16,454 -
Accrued expenses 43,040 7,066
339,982 293,264

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 15,000 25,001
Hire purchase contracts (see note 10) 17,288 32,889
32,288 57,890

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 56,748 -
Bank loans 10,000 20,330
66,748 20,330

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 25,001

CGT LETTINGS LIMITED (REGISTERED NUMBER: 02198778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 17,020 17,020
Between one and five years 17,288 32,889
34,308 49,909

Non-cancellable operating leases
2024 2023
£    £   
Within one year 58,800 44,000
Between one and five years 208,600 147,000
In more than five years 9,000 30,000
276,400 221,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs P L C Baldwin and Mr D J C Baldwin
Balance outstanding at start of year 43 (54,133 )
Amounts advanced 152,503 142,676
Amounts repaid (169,000 ) (88,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,454 ) 43

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J C Baldwin.