Company registration number: 11894259
Unaudited financial statements
for the year ended 31 December 2023
for
Lets Deel Ltd
Pages for filing with the Registrar
Company registration number: 11894259
Lets Deel Ltd
Balance sheet
as at 31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 4 2,607 2,607
2,607 2,607
Current assets
Debtors 2,858,247 6,588,854
Cash at bank and in hand 11,310,021 19,646,743
14,168,268 26,235,597
Creditors: amounts falling due within one
year
(14,093,686) (10,441,296)
Net current assets 74,582 15,794,301
Total assets less current liabilities 77,189 15,796,908
Creditors: Amounts falling due after more
than one year
- (15,739,338)
NET ASSETS 77,189 57,570
Capital and reserves
Called up share capital 1 1
Profit and loss account 77,188 57,569
TOTAL EQUITY 77,189 57,570
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11894259
Lets Deel Ltd
Balance sheet - continued
as at 31 December 2023
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 3 March 2025 and signed on its behalf by:
Mr A Bouaziz, Director
3 March 2025
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Lets Deel Ltd
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
Lets Deel Ltd is a private company registered in England and Wales. Its registered number is 11894259. The company is limited by shares. Its registered office is 5th Floor 167-169 Great Portland Street, London, W1W 5PF.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Lets Deel Ltd
Notes to the financial statements - continued
for the year ended 31 December 2023
2 Accounting policies - continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 2291 (2022 - 1736).
4 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 January 2023 2,607
At 31 December 2023 2,607
Net book value
At 31 December 2023 2,607
At 31 December 2022 2,607
5 Controlling party
The ultimate controlling party is Deel Inc, a company incorporated in the Unites States of America.
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