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REGISTERED NUMBER: 09526500 (England and Wales)















Unaudited Financial Statements

for the Period 29 April 2023 to 31 March 2024

for

Pompey Lettings Limited

Pompey Lettings Limited (Registered number: 09526500)






Contents of the Financial Statements
for the Period 29 April 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Pompey Lettings Limited

Company Information
for the Period 29 April 2023 to 31 March 2024







DIRECTOR: Mr N L Dorrington





REGISTERED OFFICE: Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY





REGISTERED NUMBER: 09526500 (England and Wales)





ACCOUNTANTS: Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY

Pompey Lettings Limited (Registered number: 09526500)

Balance Sheet
31 March 2024

31.3.24 28.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,162,272 707,325

CURRENT ASSETS
Debtors 5 50,368 165,718
Cash at bank and in hand 21,996 18,080
72,364 183,798
CREDITORS
Amounts falling due within one year 6 174,180 273,733
NET CURRENT LIABILITIES (101,816 ) (89,935 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,060,456 617,390

CREDITORS
Amounts falling due after more than one year 7 764,000 578,226
NET ASSETS 296,456 39,164

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 256,016 -
Retained earnings 40,439 39,163
296,456 39,164

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

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

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 23 April 2025 and were signed by:





Mr N L Dorrington - Director


Pompey Lettings Limited (Registered number: 09526500)

Notes to the Financial Statements
for the Period 29 April 2023 to 31 March 2024

1. STATUTORY INFORMATION

Pompey 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest
method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the Financial Statements and their inclusion in tax assessments.

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Going concern
The directors note that the company is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

Pompey Lettings Limited (Registered number: 09526500)

Notes to the Financial Statements - continued
for the Period 29 April 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 29 April 2023 706,527 1,826 708,353
Additions 199,388 - 199,388
Revaluations 256,016 - 256,016
At 31 March 2024 1,161,931 1,826 1,163,757
DEPRECIATION
At 29 April 2023 566 462 1,028
Charge for period - 457 457
At 31 March 2024 566 919 1,485
NET BOOK VALUE
At 31 March 2024 1,161,365 907 1,162,272
At 28 April 2023 705,961 1,364 707,325

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 0 256,016
Cost 905,915
1,161,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.4.23
£    £   
Other debtors 50,368 165,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.4.23
£    £   
Bank loans and overdrafts 43,164 34,113
Other creditors 131,016 239,620
174,180 273,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 28.4.23
£    £   
Bank loans 764,000 578,226

Pompey Lettings Limited (Registered number: 09526500)

Notes to the Financial Statements - continued
for the Period 29 April 2023 to 31 March 2024

8. RESERVES
Revaluation
reserve
£   
Revaluation Reserve 256,016

At 31 March 2024 256,016

9. RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. POST BALANCE SHEET EVENTS

There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Dorrington by virtue of their shareholding.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Pompey Lettings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pompey Lettings Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Pompey Lettings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pompey Lettings Limited and state those matters that we have agreed to state to the director of Pompey Lettings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pompey Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pompey Lettings Limited. You consider that Pompey Lettings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Pompey Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY


24 April 2025