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REGISTERED NUMBER: 03468107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Maidenhead Lettings Limited

Maidenhead Lettings Limited (Registered number: 03468107)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maidenhead Lettings Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: P T Willingham
Mrs M F Willingham





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: 03468107 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Maidenhead Lettings Limited (Registered number: 03468107)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 1,700,000 1,621,000
1,700,000 1,621,000

CURRENT ASSETS
Debtors 5 53,312 40,074
Investments 6 200,000 200,000
Cash in hand 6 6
253,318 240,080
CREDITORS
Amounts falling due within one year 7 (561,849 ) (76,708 )
NET CURRENT (LIABILITIES)/ASSETS (308,531 ) 163,372
TOTAL ASSETS LESS CURRENT LIABILITIES 1,391,469 1,784,372

CREDITORS
Amounts falling due after more than one
year

8

(527,551

)

(1,004,155

)

PROVISIONS FOR LIABILITIES (162,308 ) (147,298 )
NET ASSETS 701,610 632,919

CAPITAL AND RESERVES
Called up share capital 106 106
Revaluation reserve 10 671,945 607,955
Retained earnings 29,559 24,858
701,610 632,919

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Maidenhead Lettings Limited (Registered number: 03468107)

Balance Sheet - continued
31st March 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 16th January 2025 and were signed on its behalf by:





P T Willingham - Director


Maidenhead Lettings Limited (Registered number: 03468107)

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

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Maidenhead Lettings Limited (Registered number: 03468107)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 513
DEPRECIATION
At 1st April 2023
and 31st March 2024 513
NET BOOK VALUE
At 31st March 2024 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,621,000
Revaluations 79,000
At 31st March 2024 1,700,000
NET BOOK VALUE
At 31st March 2024 1,700,000
At 31st March 2023 1,621,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2019 135,000
Valuation in 2020 (145,000 )
Valuation in 2021 20,000
Valuation in 2022 (19,000 )
Valuation in 2023 (80,000 )
Valuation in 2024 79,000
Cost 1,710,000
1,700,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,312 40,074

Maidenhead Lettings Limited (Registered number: 03468107)

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

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 200,000 200,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,572 11,034
Other creditors 560,277 65,674
561,849 76,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 527,551 1,004,155

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 527,551 1,004,155

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023 607,955
Movement in the year 63,990

At 31st March 2024 671,945