1 April 2024 false No description of principal activity Taxfiler 2024.6 06929524business:PrivateLimitedCompanyLtd2024-04-012025-03-31 069295242024-03-31 069295242024-04-012025-03-31 06929524business:AuditExemptWithAccountantsReport2024-04-012025-03-31 06929524business:FilletedAccounts2024-04-012025-03-31 069295242025-03-31 06929524business:Director12024-04-012025-03-31 06929524business:Director22024-04-012025-03-31 06929524business:Director32024-04-012025-03-31 06929524business:Director42024-04-012025-03-31 06929524business:Director52024-04-012025-03-31 06929524business:Director62024-04-012025-03-31 06929524business:RegisteredOffice2024-04-012025-03-31 069295242024-03-31 06929524core:WithinOneYear2025-03-31 06929524core:WithinOneYear2024-03-31 06929524core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 06929524core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06929524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 06929524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06929524core:PreviouslyStatedAmount2025-03-31 06929524core:PreviouslyStatedAmount2024-03-31 06929524business:SmallEntities2024-04-012025-03-31 06929524countries:EnglandWales2024-04-012025-03-31 06929524core:FurnitureFittings2024-04-012025-03-31 06929524core:ComputerEquipment2024-04-012025-03-31 06929524core:Goodwill2024-03-31 06929524core:IntangibleAssetsOtherThanGoodwill2024-03-31 06929524core:Goodwill2025-03-31 06929524core:IntangibleAssetsOtherThanGoodwill2025-03-31 06929524core:FurnitureFittings2024-03-31 06929524core:ComputerEquipment2024-03-31 06929524core:FurnitureFittings2025-03-31 06929524core:ComputerEquipment2025-03-31 069295242023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06929524 (England and Wales)
Island Lettings Limited Unaudited accounts for the year ended 31 March 2025
Island Lettings Limited Unaudited accounts Contents
Page
- 2 -
Island Lettings Limited Company Information for the year ended 31 March 2025
Directors
Mark Burton Michael Dalloz Brett Gillingham Hugh Stephens Sarah Wratten Simon Wratten
Company Number
06929524 (England and Wales)
Registered Office
The Observatory Westridge Business Park Ryde Isle of Wight PO33 1FX
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
- 3 -
Island Lettings Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
191,531 
191,531 
Current assets
Debtors
61,687 
125,440 
Cash at bank and in hand
30,318 
21,952 
92,005 
147,392 
Creditors: amounts falling due within one year
(92,746)
(93,168)
Net current (liabilities)/assets
(741)
54,224 
Net assets
190,790 
245,755 
Capital and reserves
Called up share capital
64 
64 
Profit and loss account
190,726 
245,691 
Shareholders' funds
190,790 
245,755 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
Mark Burton Director Company Registration No. 06929524
- 4 -
Island Lettings Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Island Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 06929524. The registered office is The Observatory, Westridge Business Park, Ryde, Isle of Wight, PO33 1FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
20,000 
191,531 
211,531 
At 31 March 2025
20,000 
191,531 
211,531 
Amortisation
At 1 April 2024
20,000 
- 
20,000 
At 31 March 2025
20,000 
- 
20,000 
Net book value
At 31 March 2025
- 
191,531 
191,531 
At 31 March 2024
- 
191,531 
191,531 
- 5 -
Island Lettings Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
17,187 
23,045 
40,232 
At 31 March 2025
17,187 
23,045 
40,232 
Depreciation
At 1 April 2024
17,187 
23,045 
40,232 
At 31 March 2025
17,187 
23,045 
40,232 
Net book value
At 31 March 2025
- 
- 
- 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,191 
91,588 
Accrued income and prepayments
3,088 
3,503 
Other debtors
21,408 
30,349 
61,687 
125,440 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
21,213 
20,117 
Trade creditors
1,645 
707 
Taxes and social security
37,923 
40,389 
Loans from directors
30,505 
30,505 
Accruals
1,460 
1,450 
92,746 
93,168 
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).
- 6 -