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REGISTERED NUMBER: 05417335 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024

FOR

1ST LETTINGS PROPERTY SERVICES LIMITED

1ST LETTINGS PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05417335)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST LETTINGS PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTOR: S Bajwa





REGISTERED OFFICE: 95 Allesley Old Road
Coventry
CV5 8DB





REGISTERED NUMBER: 05417335 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

1ST LETTINGS PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05417335)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,582 1,109

CURRENT ASSETS
Debtors 5 530,500 439,688
Cash at bank and in hand 398,265 397,223
928,765 836,911
CREDITORS
Amounts falling due within one year 6 672,791 560,896
NET CURRENT ASSETS 255,974 276,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,556

277,124

CREDITORS
Amounts falling due after more than one
year

7

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES (2,646 ) (278 )
NET ASSETS 250,577 253,513

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 250,475 253,411
250,577 253,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

1ST LETTINGS PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05417335)

BALANCE SHEET - continued
29 APRIL 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 director and authorised for issue on 27 January 2025 and were signed by:





S Bajwa - Director


1ST LETTINGS PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05417335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024


1. STATUTORY INFORMATION

1st Lettings Property Services 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.

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 - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

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.

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 2 (2023 - 2 ) .

1ST LETTINGS PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05417335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 April 2023 2,602 4,488 - 12,851 19,941
Additions - - 13,000 - 13,000
At 29 April 2024 2,602 4,488 13,000 12,851 32,941
DEPRECIATION
At 30 April 2023 2,520 4,444 - 11,868 18,832
Charge for year 20 11 3,250 246 3,527
At 29 April 2024 2,540 4,455 3,250 12,114 22,359
NET BOOK VALUE
At 29 April 2024 62 33 9,750 737 10,582
At 29 April 2023 82 44 - 983 1,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 150
Amounts owed by group undertakings 294 -
Other debtors 530,206 439,538
530,500 439,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,004 10,000
Trade creditors 20,262 16,242
Amounts owed to group undertakings 34,828 41,793
Taxation and social security 32,379 33,372
Other creditors 575,318 459,489
672,791 560,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333