Eton Lettings Limited 12597096 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is property rental and development. Digita Accounts Production Advanced 6.30.9574.0 true 12597096 2023-06-01 2024-05-31 12597096 2024-05-31 12597096 core:CurrentFinancialInstruments 2024-05-31 12597096 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12597096 bus:SmallEntities 2023-06-01 2024-05-31 12597096 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12597096 bus:FilletedAccounts 2023-06-01 2024-05-31 12597096 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12597096 bus:RegisteredOffice 2023-06-01 2024-05-31 12597096 bus:Director4 2023-06-01 2024-05-31 12597096 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12597096 countries:EnglandWales 2023-06-01 2024-05-31 12597096 2023-05-31 12597096 2022-06-01 2023-05-31 12597096 2023-05-31 12597096 core:CurrentFinancialInstruments 2023-05-31 12597096 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12597096

Eton Lettings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Eton Lettings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Eton Lettings Limited

Company Information

Director

Mr JS Hothi

Registered office

6, Burlington Court
Burlington Road
Slough
Berkshire
SL1 2JS

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Eton Lettings Limited

(Registration number: 12597096)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,845,112

2,789,325

Current assets

 

Debtors

5

79,724

37,358

Cash at bank and in hand

 

268,520

187,052

 

348,244

224,410

Creditors: Amounts falling due within one year

6

(60,274)

(30,336)

Net current assets

 

287,970

194,074

Total assets less current liabilities

 

3,133,082

2,983,399

Provisions for liabilities

(79,000)

(49,200)

Net assets

 

3,054,082

2,934,199

Capital and reserves

 

Called up share capital

1

1

Fair value reserve

236,112

210,125

Other reserves

2,687,450

2,687,450

Profit and loss account

130,519

36,623

Shareholders' funds

 

3,054,082

2,934,199

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Eton Lettings Limited

(Registration number: 12597096)
Balance Sheet as at 31 May 2024

Approved and authorised by the director on 6 January 2025
 

.........................................
Mr JS Hothi
Director

 

Eton Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
6, Burlington Court
Burlington Road
Slough
Berkshire
SL1 2JS
England

These financial statements were authorised for issue by the director on 6 January 2025.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Eton Lettings Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The properties have been valued by the directors of the company using 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Eton Lettings Limited

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

4

Investment properties

2024
£

At 1 June

2,789,325

Fair value adjustments

55,787

At 31 May

2,845,112

Investment properties were valued on an open market basis by the director.

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

5

Debtors

2024
£

2023
£

Prepayments and accrued income

4,804

4,111

Other debtors

74,920

33,247

79,724

37,358

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

28,874

7,936

Other creditors

-

1,900

Corporation tax

31,400

20,500

60,274

30,336