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REGISTERED NUMBER: 08395452 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Brayford Lets Limited

Brayford Lets Limited (Registered number: 08395452)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brayford Lets Limited

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Ms R J Seeley





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 08395452 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Brayford Lets Limited (Registered number: 08395452)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 375,000 375,000

CREDITORS
Amounts falling due within one year 5 115,260 123,257
NET CURRENT LIABILITIES (115,260 ) (123,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,740

251,743

PROVISIONS FOR LIABILITIES 6,634 6,634
NET ASSETS 253,106 245,109

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 253,105 245,108
SHAREHOLDERS' FUNDS 253,106 245,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 January 2025 and were signed by:





Ms R J Seeley - Director


Brayford Lets Limited (Registered number: 08395452)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Brayford Lets 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and fees received from property letting.

Investment property
The investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.
Full provision has been made on the gains arising from the fair value review of the investment properties.

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 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 375,000
NET BOOK VALUE
At 5 April 2024 375,000
At 5 April 2023 375,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2017 375,000

Brayford Lets Limited (Registered number: 08395452)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Tax 1,875 4,894
Directors' current accounts 112,580 117,583
Accrued expenses 805 780
115,260 123,257

6. ULTIMATE CONTROLLING PARTY

The controlling party is Ms R J Seeley.

The company owed the director £112,580 at the period end date, (2023, £117,583).