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REGISTERED NUMBER: 04512842 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 January 2024

for

The Letting People Ltd

The Letting People Ltd (Registered number: 04512842)

Contents of the Financial Statements
for the Year Ended 30 January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


The Letting People Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTOR: A Moulds





SECRETARY: A Moulds





REGISTERED OFFICE: 10 Station Road
Burgess Hill
West Sussex
RH15 9DQ





REGISTERED NUMBER: 04512842 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Letting People Ltd


The following reproduces the text of the report prepared for the director 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 Director 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 The Letting People Ltd for the year ended 30 January 2024 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Letting People Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Letting People Ltd and state those matters that we have agreed to state to the director of The Letting People Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Letting People Ltd and its director for our work or for this report.

It is your duty to ensure that The Letting People Ltd 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 The Letting People Ltd. You consider that The Letting People Ltd 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 The Letting People Ltd. 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.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


30 October 2024

The Letting People Ltd (Registered number: 04512842)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,600 5,800
Tangible assets 5 7,636 4,663
12,236 10,463

CURRENT ASSETS
Debtors 6 11,989 13,489
Cash at bank 314,584 275,576
326,573 289,065
CREDITORS
Amounts falling due within one year 7 68,929 46,333
NET CURRENT ASSETS 257,644 242,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,880

253,195

CREDITORS
Amounts falling due after more than one year 8 (14,103 ) (24,379 )

PROVISIONS FOR LIABILITIES (1,515 ) (886 )
NET ASSETS 254,262 227,930

The Letting People Ltd (Registered number: 04512842)

Balance Sheet - continued
30 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Retained earnings 219,262 192,930
254,262 227,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

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 30 October 2024 and were signed by:





A Moulds - Director


The Letting People Ltd (Registered number: 04512842)

Notes to the Financial Statements
for the Year Ended 30 January 2024


1. STATUTORY INFORMATION

The Letting People Ltd 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.

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.

Lettings portfolio are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
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 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.

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 5 (2023 - 7 ) .

The Letting People Ltd (Registered number: 04512842)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 January 2023
and 30 January 2024 6,000
AMORTISATION
At 31 January 2023 200
Charge for year 1,200
At 30 January 2024 1,400
NET BOOK VALUE
At 30 January 2024 4,600
At 30 January 2023 5,800

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 January 2023 30,933 3,024 33,957
Additions 4,767 116 4,883
At 30 January 2024 35,700 3,140 38,840
DEPRECIATION
At 31 January 2023 27,749 1,545 29,294
Charge for year 1,591 319 1,910
At 30 January 2024 29,340 1,864 31,204
NET BOOK VALUE
At 30 January 2024 6,360 1,276 7,636
At 30 January 2023 3,184 1,479 4,663

The Letting People Ltd (Registered number: 04512842)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 11,989 11,989
Other debtors - 1,500
11,989 13,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,337 10,145
Taxation and social security 25,906 19,107
Other creditors 32,686 17,081
68,929 46,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,103 24,379