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REGISTERED NUMBER: 07065933 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KENDALS LETTINGS LIMITED

KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

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


KENDALS LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr PJ Ryall





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 07065933 (England and Wales)

KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,569 18,386
14,569 18,386

CURRENT ASSETS
Debtors 6 99,395 109,716
Cash at bank 12,279 15,476
111,674 125,192
CREDITORS
Amounts falling due within one year 7 44,075 39,165
NET CURRENT ASSETS 67,599 86,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,168

104,413

CREDITORS
Amounts falling due after more than one year 8 (4,667 ) (8,667 )

PROVISIONS FOR LIABILITIES 9 (1,032 ) (1,414 )
NET ASSETS 76,469 94,332

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 76,468 94,331
76,469 94,332

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 director acknowledges his 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.

KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mr PJ Ryall - Director


KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

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


1. STATUTORY INFORMATION

Kendals 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
Commission earned on sales of residential property is recognised on exchange of contract. In connection with lettings, the company offers the following services: (1) Securing the letting for the landlord including rent collection; and (2) Managing the letting on behalf of the landlord. Commissions earned on the above services are recognised as follows: (1) Commissions on securing the letting are recognised immediately (2) The management fee is billed and recognised monthly at a fixed percentage of the monthly rental.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.


KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 107,455
AMORTISATION
At 1 April 2023
and 31 March 2024 107,455
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1 26,182 11,167 37,350
Additions - 466 - 466
At 31 March 2024 1 26,648 11,167 37,816
DEPRECIATION
At 1 April 2023 1 18,498 465 18,964
Charge for year - 1,608 2,675 4,283
At 31 March 2024 1 20,106 3,140 23,247
NET BOOK VALUE
At 31 March 2024 - 6,542 8,027 14,569
At 31 March 2023 - 7,684 10,702 18,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,970 26,804
Other debtors 77,425 82,912
99,395 109,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 11,604 7,098
Taxation and social security 23,484 22,789
Other creditors 4,987 5,278
44,075 39,165

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,667 8,667

KENDALS LETTINGS LIMITED (REGISTERED NUMBER: 07065933)

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


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 1,032 1,414

Deferred
tax
£   
Balance at 1 April 2023 1,414
Movement in the Year (382 )
Balance at 31 March 2024 1,032

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr PJ Ryall
Balance outstanding at start of year 72,762 56,265
Amounts advanced 68,926 73,109
Amounts repaid (73,112 ) (56,612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,576 72,762

The loan is repayable on demand and interest has been charged at HM Revenue and Custom's official rate.