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Registration number: 03492046

R-Lettings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

R-Lettings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

R-Lettings Limited

Company Information

Director

Mrs Linda RIGBY

Company secretary

Mrs Linda RIGBY

Registered office

4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR

Accountants

Beckett Rawcliffe Limited
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

R-Lettings Limited

(Registration number: 03492046)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

2,714,589

2,491,103

Cash at bank and in hand

 

1,290

226

 

2,715,879

2,491,329

Creditors: Amounts falling due within one year

5

(2,739,263)

(2,514,727)

Net liabilities

 

(23,384)

(23,398)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(23,385)

(23,399)

Shareholders' deficit

 

(23,384)

(23,398)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

.........................................
Mrs Linda RIGBY
Company secretary and director

   
     
 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR
England

These financial statements were authorised for issue by the director on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

70,789

3,057

Amounts owed by related parties

7

2,643,787

2,488,046

Prepayments

 

13

-

   

2,714,589

2,491,103

 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,201

7,766

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

2,292,744

1,772,992

Taxation and social security

 

5,808

-

Accruals and deferred income

 

(7,750)

350

Other creditors

 

447,260

733,619

 

2,739,263

2,514,727

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Related party transactions

 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Transactions with the director

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

Mrs Linda RIGBY

Directors Loan Account

731,231

(285,156)

446,075

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Mrs Linda RIGBY

Directors Loan Account

-

731,231

731,231

 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Summary of transactions with parent

R-Group of Companies Ltd
 

Summary of transactions with entities with joint control or significant interest

Various Companies
 

Loans to related parties

2024

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

2,029,045

459,001

2,488,046

Advanced

122,265

33,476

155,741

At end of period

2,151,310

492,477

2,643,787

2023

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

1,871,206

854,035

2,725,241

Advanced

157,839

-

157,839

Repaid

-

(395,034)

(395,034)

At end of period

2,029,045

459,001

2,488,046

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

1,772,992

1,772,992

Advanced

519,752

519,752

At end of period

2,292,744

2,292,744

2023

Entities with joint control or significant influence
£

Total
£

At start of period

2,719,297

2,719,297

Repaid

(946,305)

(946,305)

At end of period

1,772,992

1,772,992

 

R-Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Parent and ultimate parent undertaking

The company's immediate parent is R-Group of Companies Ltd, incorporated in England & Wales.

 The ultimate controlling party is Linda Rigby.