Company Registration No. 09567256 (England and Wales)
LETTINVEST LTD
Unaudited accounts
for the year ended 30 April 2024
LETTINVEST LTD
Unaudited accounts
Contents
LETTINVEST LTD
Company Information
for the year ended 30 April 2024
Company Number
09567256 (England and Wales)
Registered Office
4th Floor Gregs Buildings
1 Booth Street
Manchester
M2 4DU
United Kingdom
LETTINVEST LTD
Statement of financial position
as at 30 April 2024
Investment property
860,000
815,000
Cash at bank and in hand
34,579
35,240
Creditors: amounts falling due within one year
(1,778)
(2,524)
Net current assets
32,801
32,716
Total assets less current liabilities
895,280
848,541
Creditors: amounts falling due after more than one year
(617,752)
(616,943)
Net assets
277,528
231,598
Called up share capital
200
200
Revaluation reserve
244,623
199,623
Profit and loss account
32,705
31,775
Shareholders' funds
277,528
231,598
For the year ending 30 April 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
A Cennamo
Director
Company Registration No. 09567256
LETTINVEST LTD
Notes to the Accounts
for the year ended 30 April 2024
LETTINVEST LTD is a private company, limited by shares, registered in England and Wales, registration number 09567256. The registered office is 4th Floor Gregs Buildings, 1 Booth Street, Manchester, M2 4DU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Basic financial instruments are recognised at amortised cost.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
LETTINVEST LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2023
815,000
Net gain from fair value adjustments
45,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,778
1,615
Taxes and social security
-
909
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
486,584
488,525
Other creditors
123,955
119,852
Loans from directors
7,213
8,566
Aggregate of amounts that fall due for payment after five years
-
482,124
The director has also provided personal guarantee on the company's bank borrowings.
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
LETTINVEST LTD
Notes to the Accounts
for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).