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REGISTERED NUMBER: 05872192 (England and Wales)














Financial Statements

for the Year Ended 31st July 2024

for

ALETHEA LETTINGS LIMITED

ALETHEA LETTINGS LIMITED (REGISTERED NUMBER: 05872192)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALETHEA LETTINGS LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTORS: N W E Watson
Mrs S E Watson





SECRETARY: N W E Watson





REGISTERED OFFICE: 15 Grove Place
Bedford
MK40 3JJ





REGISTERED NUMBER: 05872192 (England and Wales)





ACCOUNTANTS: John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ

ALETHEA LETTINGS LIMITED (REGISTERED NUMBER: 05872192)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 127,659 252,659

CURRENT ASSETS
Cash at bank 25,087 18,352

CREDITORS
Amounts falling due within one year 5 9,233 360
NET CURRENT ASSETS 15,854 17,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,513

270,651

CREDITORS
Amounts falling due after more than
one year

6

64,345

264,105
NET ASSETS 79,168 6,546

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 79,118 6,496
SHAREHOLDERS' FUNDS 79,168 6,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALETHEA LETTINGS LIMITED (REGISTERED NUMBER: 05872192)

Balance Sheet - continued
31st July 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 Board of Directors and authorised for issue on 1st November 2024 and were signed on its behalf by:





N W E Watson - Director


ALETHEA LETTINGS LIMITED (REGISTERED NUMBER: 05872192)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Alethea 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.

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.

These financial statements are prepared on the going concern basis as it is the intention of the directors to continue supporting the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The directors regard cost to be a correct valuation for this year.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ALETHEA LETTINGS LIMITED (REGISTERED NUMBER: 05872192)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 252,659
Disposals (125,000 )
At 31st July 2024 127,659
NET BOOK VALUE
At 31st July 2024 127,659
At 31st July 2023 252,659

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Corporation tax 8,753 -
Accrued expenses 480 360
9,233 360

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Mortgage Loans 45,000 196,905
Loan - Alethea Consulting Ltd 19,345 67,200
64,345 264,105

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage Loans 45,000 196,905