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REGISTERED NUMBER: 06428439 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FROST AND CO LETTINGS LTD

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROST AND CO LETTINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: P A Johnson





SECRETARY: P A Johnson





REGISTERED OFFICE: 22 Poole Hill
Bournemouth
Dorset
BH2 5PS





REGISTERED NUMBER: 06428439 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 373
Investments 6 369,772 369,772
369,772 370,145

CURRENT ASSETS
Debtors 7 8,073 19,220
Cash at bank and in hand 98,069 34,143
106,142 53,363
CREDITORS
Amounts falling due within one year 8 343,247 389,848
NET CURRENT LIABILITIES (237,105 ) (336,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,667

33,660

CREDITORS
Amounts falling due after more than one
year

9

(13,923

)

(24,098

)

PROVISIONS FOR LIABILITIES - (71 )
NET ASSETS 118,744 9,491

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

BALANCE SHEET - continued
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 118,734 9,481
SHAREHOLDERS' FUNDS 118,744 9,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





P A Johnson - Director


FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Frost And Co Lettings 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.

Preparation of consolidated financial statements
The financial statements contain information about Frost And Co Lettings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents commissions receivable during the year, excluding Value Added Tax.

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.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Fixed asset are initially included at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 March 2023
and 29 February 2024 1,000
AMORTISATION
At 1 March 2023
and 29 February 2024 1,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 11,933
DEPRECIATION
At 1 March 2023 11,560
Charge for year 373
At 29 February 2024 11,933
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 373

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 369,772
NET BOOK VALUE
At 29 February 2024 369,772
At 28 February 2023 369,772

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,073 19,220

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,175 9,920
Amounts owed to group undertakings 49,112 48,278
Taxation and social security 58,512 31,505
Other creditors 225,448 300,145
343,247 389,848

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,923 24,098

FROST AND CO LETTINGS LTD (REGISTERED NUMBER: 06428439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to companies under common control at the balance sheet date amounted to £177,531 (2023 - £193,301).

TRANSACTIONS WITH GROUP COMPANIES

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to group companies at the balance sheet date amounted to £49,112 (2023 - £48,278).