Professional Lettings Limited 11273462 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true 11273462 2023-04-01 2024-03-31 11273462 2024-03-31 11273462 bus:OrdinaryShareClass1 2024-03-31 11273462 bus:OrdinaryShareClass2 2024-03-31 11273462 bus:OrdinaryShareClass3 2024-03-31 11273462 bus:OrdinaryShareClass4 2024-03-31 11273462 core:CurrentFinancialInstruments 2024-03-31 11273462 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11273462 bus:SmallEntities 2023-04-01 2024-03-31 11273462 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11273462 bus:FilletedAccounts 2023-04-01 2024-03-31 11273462 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11273462 bus:RegisteredOffice 2023-04-01 2024-03-31 11273462 bus:Director1 2023-04-01 2024-03-31 11273462 bus:Director2 2023-04-01 2024-03-31 11273462 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11273462 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11273462 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11273462 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11273462 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11273462 countries:EnglandWales 2023-04-01 2024-03-31 11273462 2023-03-31 11273462 2022-04-01 2023-03-31 11273462 2023-03-31 11273462 bus:OrdinaryShareClass1 2023-03-31 11273462 bus:OrdinaryShareClass2 2023-03-31 11273462 bus:OrdinaryShareClass3 2023-03-31 11273462 bus:OrdinaryShareClass4 2023-03-31 11273462 core:CurrentFinancialInstruments 2023-03-31 11273462 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11273462

Professional Lettings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Professional Lettings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Professional Lettings Limited

Company Information

Directors

Mrs C M Panter

Mr T Panter

Registered office

Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

Accountants

Wychbury Greaves
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

Professional Lettings Limited

(Registration number: 11273462)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

97,666

97,666

Current assets

 

Debtors

404

1,336

Cash at bank and in hand

 

7,528

7,960

 

7,932

9,296

Creditors: Amounts falling due within one year

(108,924)

(108,151)

Net current liabilities

 

(100,992)

(98,855)

Net liabilities

 

(3,326)

(1,189)

Capital and reserves

 

Called up share capital

5

1,000

1,000

Retained earnings

(4,326)

(2,189)

Shareholders' deficit

 

(3,326)

(1,189)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................
Mr T Panter
Director

 

Professional Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA
England

These financial statements were authorised for issue by the Board on 18 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Professional Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 April

97,666

At 31 March

97,666

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

900

900

900

900

Ordinary B of £1 each

44

44

44

44

Ordinary C of £1 each

44

44

44

44

Ordinary D of £1 each

12

12

12

12

1,000

1,000

1,000

1,000