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REGISTERED NUMBER: 04472384 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

THE LETTING CENTRE (CAMBRIDGE) LIMITED

THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LETTING CENTRE (CAMBRIDGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mrs A B Rixon





REGISTERED OFFICE: 107 High Street
Melbourn
Royston
Hertfordshire
SG8 6AP





REGISTERED NUMBER: 04472384 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,145 29,943
24,145 29,943

CURRENT ASSETS
Debtors 6 22,010 1,929
Cash at bank and in hand 119,897 149,753
141,907 151,682
CREDITORS
Amounts falling due within one year 7 105,600 110,395
NET CURRENT ASSETS 36,307 41,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,452

71,230

CREDITORS
Amounts falling due after more than one
year

8

17,484

25,556
NET ASSETS 42,968 45,674

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,967 45,673
42,968 45,674

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

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

THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd September 2024 and were signed by:





Mrs A B Rixon - Director


THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)

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

1. STATUTORY INFORMATION

The Letting Centre (Cambridge) 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

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 70,000
AMORTISATION
At 1st April 2023
and 31st March 2024 70,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

THE LETTING CENTRE (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 04472384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 3,174 28,675 9,487 41,336
Additions 540 - - 540
At 31st March 2024 3,714 28,675 9,487 41,876
DEPRECIATION
At 1st April 2023 2,594 478 8,321 11,393
Charge for year 305 5,735 298 6,338
At 31st March 2024 2,899 6,213 8,619 17,731
NET BOOK VALUE
At 31st March 2024 815 22,462 868 24,145
At 31st March 2023 580 28,197 1,166 29,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,920 -
Other debtors - 1,028
Prepayments 90 901
22,010 1,929

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,069 7,877
Tax 16,789 13,715
Social security and other taxes 1,594 899
VAT 9,089 7,972
Other creditors 1,161 1,521
Wages payable (1 ) -
Client Account 66,389 77,002
Pension payable 141 12
Directors' current accounts 2,069 69
Accrued expenses 300 1,328
105,600 110,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,293 8,076
Bank loans - 2-5 years 9,191 17,480
17,484 25,556