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Registered Number: 08548928
England and Wales

 

 

 

ROOM2LET LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by the Association of International Accountants and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the balance sheet as at year ended 30 April 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements



....................................................
Josh Botham Tax & Accounting Services Ltd
Josh Botham Tax & Accounting Services Ltd

Archer House Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW
16 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 10,315    28 
10,315    28 
Current assets      
Debtors: amounts falling due within one year 18,045    18,045 
Cash at bank and in hand 268    529 
18,313    18,574 
Creditors: amount falling due within one year (74,901)   (71,969)
Net current assets (56,588)   (53,395)
 
Total assets less current liabilities (46,273)   (53,367)
Creditors: amount falling due after more than one year (18,317)   (22,712)
Provisions for liabilities (1,858)   (6)
Net assets (66,448)   (76,085)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (66,548)   (76,185)
Shareholders' funds (66,448)   (76,085)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 16 January 2025 and were signed on its behalf by:


-------------------------------
Ann Marie Miller
Director
2
General Information
Room2Let Ltd is a private company, limited by shares, registered in England and Wales, registration number 08548928, registration address Archer House, Britland Estate, Northbourne Road, Eastbourne, East Sussex, BN22 8PW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25 Straight Line
Fixtures and Fittings 25 Straight Line
Computer Equipment 25 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Salaries 2,083   
2,083   
During the year, no retirement benefits were accruing to the director (previous year nil) in respect of money purchase schemes. The highest paid director earned emoluments of £10,000 during the year.

3.

Average number of employees

Average number of employees during the year was 3 (2023 : 4).
4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2023 4,721    14,303    15,502    34,526 
Additions   8,667    2,500    11,167 
Disposals      
At 30 April 2024 4,721    22,970    18,002    45,693 
Depreciation
At 01 May 2023 4,721    14,303    15,474    34,498 
Charge for year   539    341    880 
On disposals      
At 30 April 2024 4,721    14,842    15,815    35,378 
Net book values
Closing balance as at 30 April 2024   8,128    2,187    10,315 
Opening balance as at 01 May 2023     28    28 


5.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3