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REGISTERED NUMBER: 07256888 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

M & T Lettings Limited

M & T Lettings Limited (Registered number: 07256888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & T Lettings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs T L Mustoe
M C Mustoe





REGISTERED OFFICE: Clement House
51 High Street
Burford
Oxfordshire
OX18 4QA





REGISTERED NUMBER: 07256888 (England and Wales)





ACCOUNTANTS: Cotswold Number Solutions Ltd
4 Viscount Close
Moreton in Marsh
United kingdom
GL56 0FL

M & T Lettings Limited (Registered number: 07256888)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 738,079 738,186

CURRENT ASSETS
Debtors 5 185 249
Cash at bank 2,247 15,745
2,432 15,994
CREDITORS
Amounts falling due within one year 6 229,611 243,344
NET CURRENT LIABILITIES (227,179 ) (227,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,900

510,836

CREDITORS
Amounts falling due after more than
one year

7

454,070

455,220
NET ASSETS 56,830 55,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,730 55,516
SHAREHOLDERS' FUNDS 56,830 55,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M & T Lettings Limited (Registered number: 07256888)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:




M C Mustoe - Director



Mrs T L Mustoe - Director


M & T Lettings Limited (Registered number: 07256888)

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

1. STATUTORY INFORMATION

M & T 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.

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.
Freehold property - not provided
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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 2 (2023 - 2 ) .

M & T Lettings Limited (Registered number: 07256888)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 733,965 13,942 2,854
Additions - - -
At 31 May 2024 733,965 13,942 2,854
DEPRECIATION
At 1 June 2023 - 10,399 2,851
Charge for year - 704 -
At 31 May 2024 - 11,103 2,851
NET BOOK VALUE
At 31 May 2024 733,965 2,839 3
At 31 May 2023 733,965 3,543 3

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 5,656 1,198 757,615
Additions 289 999 1,288
At 31 May 2024 5,945 2,197 758,903
DEPRECIATION
At 1 June 2023 5,280 899 19,429
Charge for year 193 498 1,395
At 31 May 2024 5,473 1,397 20,824
NET BOOK VALUE
At 31 May 2024 472 800 738,079
At 31 May 2023 376 299 738,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 185 249

M & T Lettings Limited (Registered number: 07256888)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 298 -
Taxation and social security 310 -
Other creditors 229,003 243,344
229,611 243,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 454,070 455,220

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 454,070 455,220

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M C & Mrs T L Mustoe by virtueof their 100% shareholding..