Lifestyle Lettings (South West) Limited |
Registered Number:04798341 |
For the period ended 26 October 2023
England and Wales
Unaudited Financial Statements
For the period ended 26 October 2023
Lifestyle Lettings (South West) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Lifestyle Lettings (South West) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,663
6,189
2
5,663
6,189
Trade and other receivables |
97,800
118,001
3
119,328
Cash and cash equivalents |
123,465
241,466
217,128
Trade and other payables: amounts falling due within one |
year |
(214,430)
(241,340)
4
2,698
126
Net current assets
Total assets less current liabilities |
5,789
8,887
Trade and other payables: amounts falling due after more |
than one year |
(8,250)
(5,250)
5
(474)
(558)
Provisions for liabilities |
65
Net assets
79
3
3
62
76
65
79
Shareholders' funds
For the period ended 26 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the period ended 26 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 24 January 2025 and were signed by: |
1 of 5
For the period ended 26 October 2023
Lifestyle Lettings (South West) Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the period ended 26 October 2023
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements
Statutory Information
Lifestyle Lettings (South West) Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 04798341. |
Principal place of business: |
Brook House
Station Road
Tamerton Foliot
Plymouth
PL5 4LD
42 Great Berry Road
Crownhill
Plymouth
Devon
PL6 5AY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover represents income from the provision of property management services at invoice value, less Value Added Tax and any trade discounts. |
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold improvements
Office equipment
3 of 5
For the period ended 26 October 2023
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
16,409
12,108
4,301
4,301
12,108
16,409
Provision for depreciation and impairment |
10,220
9,175
1,045
Charge for period
526
440
86
10,746
9,615
1,131
3,170
2,493
5,663
3,256
2,933
6,189
3. Trade and other receivables |
2022
2023
118,001
97,800
4. Trade and other payables: amounts falling due within one year |
2022
2023
11,775
10,889
3,825
4,680
Taxation and social security |
40,700
31,071
185,040
167,790
241,340
214,430
Included within taxation and social security is corporation tax of £27,705 (2022: £20,546).
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
5,250
8,250
4 of 5
For the period ended 26 October 2023
Lifestyle Lettings (South West) Limited
Notes to the Financial Statements Continued
6. Related party transactions |
Dividends of £25,050 were paid to the directors in the year. |
The company is under the effective control of its directors. |
7. Directors advances and guarantees |
Loaned
Repaid
N M Hellings
Loan to director
95,659
85,403
35,300
25,044
95,659
85,403
35,300
25,044
I C Pring
Loan to director
649
649
-
-
649
649
-
-
8. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
5 of 5