Registered number
09642941
Habitat Lettings Limited
Filleted Accounts
30 June 2024
Habitat Lettings Limited
Registered number: 09642941
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,747 33,726
Investments 4 1,897,000 1,897,000
1,925,747 1,930,726
Current assets
Debtors 5 1,934 1,750
Cash at bank and in hand 16,448 11,700
18,382 13,450
Creditors: amounts falling due within one year 6 (1,339,094) (1,402,346)
Net current liabilities (1,320,712) (1,388,896)
Total assets less current liabilities 605,035 541,830
Provisions for liabilities (139,198) (127,189)
Net assets 465,837 414,641
Capital and reserves
Called up share capital 100 100
Profit and loss account 465,737 414,541
Shareholders' funds 465,837 414,641
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Simon Penson
Director
Approved by the board on 27 September 2024
Habitat Lettings Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 5,208 49,005 54,213
Additions 2,241 - 2,241
At 30 June 2024 7,449 49,005 56,454
Depreciation
At 1 July 2023 2,845 17,642 20,487
Charge for the year 948 6,272 7,220
At 30 June 2024 3,793 23,914 27,707
Net book value
At 30 June 2024 3,656 25,091 28,747
At 30 June 2023 2,363 31,363 33,726
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,286,107 1,286,107
Cumulative depreciation based on historical cost - -
1,286,107 1,286,107
4 Investments
Other
investments
£
Cost
At 1 July 2023 1,897,000
At 30 June 2024 1,897,000
5 Debtors 2024 2023
£ £
Trade debtors 200 -
Other debtors 1,734 1,750
1,934 1,750
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 9,600
Other creditors 1,339,094 1,392,746
1,339,094 1,402,346
7 Other information
Habitat Lettings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Springwood
8 Greatford Gardens
Greatford
Stamford
PE9 4PX
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