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REGISTERED NUMBER: 11723681 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Circle Lettings Limited

Circle Lettings Limited (Registered number: 11723681)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Circle Lettings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J S Eddowes





REGISTERED OFFICE: The Hive Wakefield
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE





REGISTERED NUMBER: 11723681 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Circle Lettings Limited (Registered number: 11723681)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,204 -
Investment property 5 2,075,000 1,294,999
2,079,204 1,294,999

CURRENT ASSETS
Debtors 6 2,795 2,395
Cash at bank 104,001 123,226
106,796 125,621
CREDITORS
Amounts falling due within one year 7 766,967 421,939
NET CURRENT LIABILITIES (660,171 ) (296,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,419,033

998,681

CREDITORS
Amounts falling due after more than one year 8 (1,172,593 ) (773,150 )

PROVISIONS FOR LIABILITIES (39,726 ) (35,082 )
NET ASSETS 206,714 190,449

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 39,006 39,006
Retained earnings 167,707 151,442
206,714 190,449

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

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

Circle Lettings Limited (Registered number: 11723681)

Balance Sheet - continued
31 December 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 6 February 2025 and were signed by:





J S Eddowes - Director


Circle Lettings Limited (Registered number: 11723681)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Circle Lettings 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 as modified by the revaluation of certain assets.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Investment property
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.

3. EMPLOYEES AND DIRECTORS

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

Circle Lettings Limited (Registered number: 11723681)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
Additions 2,300 3,719 6,019
At 31 December 2024 2,300 3,719 6,019
DEPRECIATION
Charge for year 575 1,240 1,815
At 31 December 2024 575 1,240 1,815
NET BOOK VALUE
At 31 December 2024 1,725 2,479 4,204

Cost or valuation at 31 December 2024 is represented by:

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2024 2,300 3,719 6,019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,294,999
Additions 582,527
Revaluations 197,474
At 31 December 2024 2,075,000
NET BOOK VALUE
At 31 December 2024 2,075,000
At 31 December 2023 1,294,999

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 220,000
Valuation in 2021 30,000
Valuation in 2022 330,000
Valuation in 2023 714,999
Valuation in 2024 780,001
2,075,000

Circle Lettings Limited (Registered number: 11723681)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 875
Prepayments and accrued income 2,795 1,520
2,795 2,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 183,259 373
Trade creditors 1 1
Other creditors 338,713 185,769
Directors' current accounts 235,508 221,764
Accruals and deferred income 9,486 14,032
766,967 421,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 1,172,593 773,150

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 39,006

10. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from E&D Properties Limited for £327,000 (2023: £180,000) This loan is non interest bearing and repayable on demand.