Registered number
04122390
DE VERE LETTING BUREAU LIMITED
Filleted Accounts
31 March 2024
DE VERE LETTING BUREAU LIMITED
Registered number: 04122390
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 476,355 478,425
Current assets
Debtors 4 3,345 925
Cash at bank and in hand 436,380 433,213
439,725 434,138
Creditors: amounts falling due within one year 5 (153,115) (199,629)
Net current assets 286,610 234,509
Total assets less current liabilities 762,965 712,934
Creditors: amounts falling due after more than one year 6 (63,271) (64,951)
Net assets 699,694 647,983
Capital and reserves
Called up share capital 100 100
Profit and loss account 699,594 647,883
Shareholder's funds 699,694 647,983
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Alexandrou
Director
Approved by the board on 20 January 2025
DE VERE LETTING BUREAU LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings none
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 469,352 96,370 565,722
Additions - 953 953
At 31 March 2024 469,352 97,323 566,675
Depreciation
At 1 April 2023 - 87,297 87,297
Charge for the year - 3,023 3,023
At 31 March 2024 - 90,320 90,320
Net book value
At 31 March 2024 469,352 7,003 476,355
At 31 March 2023 469,352 9,073 478,425
4 Debtors 2024 2023
£ £
Trade debtors - 251
Other debtors 3,345 674
3,345 925
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,170 7,120
Trade creditors 93,996 140,531
Taxation and social security costs 40,589 44,777
Other creditors 13,360 7,201
153,115 199,629
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 63,271 64,951
7 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
8 Other information
DE VERE LETTING BUREAU LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
175 High Street
Hadley Green
Barnet
Hertfordshire
EN5 5SU
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