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REGISTERED NUMBER: 14350491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Flexi-Agent Lettings Ltd

Flexi-Agent Lettings Ltd (Registered number: 14350491)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flexi-Agent Lettings Ltd

Company Information
for the Year Ended 31 December 2024







Directors: J Leader
A Leader





Registered office: 18-20 Coronation Walk
Southport
Merseyside
PR8 1RE





Registered number: 14350491 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Flexi-Agent Lettings Ltd (Registered number: 14350491)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
Fixed assets
Intangible assets 4 120,284 -
Tangible assets 5 36,330 1,647
156,614 1,647

Current assets
Debtors 6 55,097 24,919
Cash at bank 26,058 20,759
81,155 45,678
Creditors
Amounts falling due within one year 7 187,281 12,033
Net current (liabilities)/assets (106,126 ) 33,645
Total assets less current liabilities 50,488 35,292

Capital and reserves
Called up share capital 2 2
Retained earnings 50,486 35,290
Shareholders' funds 50,488 35,292

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 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.

Flexi-Agent Lettings Ltd (Registered number: 14350491)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





A Leader - Director


Flexi-Agent Lettings Ltd (Registered number: 14350491)

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

1. Statutory information

Flexi-Agent Lettings Ltd 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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 statement of financial position date.


Flexi-Agent Lettings Ltd (Registered number: 14350491)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
Additions 122,323
At 31 December 2024 122,323
Amortisation
Amortisation for year 2,039
At 31 December 2024 2,039
Net book value
At 31 December 2024 120,284

Flexi-Agent Lettings Ltd (Registered number: 14350491)

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

5. Tangible fixed assets
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
Cost
At 1 January 2024 - 1,952 1,952
Additions 32,340 7,591 39,931
At 31 December 2024 32,340 9,543 41,883
Depreciation
At 1 January 2024 - 305 305
Charge for year 4,043 1,205 5,248
At 31 December 2024 4,043 1,510 5,553
Net book value
At 31 December 2024 28,297 8,033 36,330
At 31 December 2023 - 1,647 1,647

6. Debtors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Trade debtors 787 372
Other debtors 54,310 24,547
55,097 24,919

7. Creditors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Trade creditors - 775
Taxation and social security 7,337 8,526
Other creditors 179,944 2,732
187,281 12,033

8. Leasing agreements
At 31 December 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,200 all of which is due within one year.

Flexi-Agent Lettings Ltd (Registered number: 14350491)

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

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31/12/24 31/12/23
£    £   
A Leader and J Leader
Balance outstanding at start of year 1,497 -
Amounts advanced 3,606 1,497
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,103 1,497

Advances to directors are unsecured, interest free and repayable on demand. The maximum outstanding balance was £5,103.