Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr R K R Candy 04/05/2004 06 May 2025 The principal activity of the company is management of real estate on a fee or contract basis. 05117944 2024-03-31 05117944 bus:Director1 2024-03-31 05117944 2023-03-31 05117944 core:CurrentFinancialInstruments 2024-03-31 05117944 core:CurrentFinancialInstruments 2023-03-31 05117944 core:ShareCapital 2024-03-31 05117944 core:ShareCapital 2023-03-31 05117944 core:RetainedEarningsAccumulatedLosses 2024-03-31 05117944 core:RetainedEarningsAccumulatedLosses 2023-03-31 05117944 core:Goodwill 2023-03-31 05117944 core:Goodwill 2024-03-31 05117944 core:OfficeEquipment 2023-03-31 05117944 core:OfficeEquipment 2024-03-31 05117944 2023-04-01 2024-03-31 05117944 bus:FilletedAccounts 2023-04-01 2024-03-31 05117944 bus:SmallEntities 2023-04-01 2024-03-31 05117944 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05117944 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05117944 bus:Director1 2023-04-01 2024-03-31 05117944 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 05117944 core:Goodwill 2023-04-01 2024-03-31 05117944 core:OfficeEquipment 2023-04-01 2024-03-31 05117944 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 05117944 (England and Wales)

LETTINGS-R-US LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

LETTINGS-R-US LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

LETTINGS-R-US LIMITED

BALANCE SHEET

As at 31 March 2024
LETTINGS-R-US LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 5,278 2,638
5,278 2,638
Current assets
Debtors 5 2,959,765 2,475,149
Cash at bank and in hand 180,340 393,244
3,140,105 2,868,393
Creditors: amounts falling due within one year 6 ( 425,169) ( 341,491)
Net current assets 2,714,936 2,526,902
Total assets less current liabilities 2,720,214 2,529,540
Net assets 2,720,214 2,529,540
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,720,114 2,529,440
Total shareholders' funds 2,720,214 2,529,540

For the financial year ending 31 March 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 financial statements of Lettings-r-us Limited (registered number: 05117944) were approved and authorised for issue by the Director on 06 May 2025. They were signed on its behalf by:

Mr R K R Candy
Director
LETTINGS-R-US LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
LETTINGS-R-US LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lettings-r-us Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House, Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 20,000 20,000
At 31 March 2024 20,000 20,000
Accumulated amortisation
At 01 April 2023 20,000 20,000
At 31 March 2024 20,000 20,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2023 17,999 17,999
Additions 4,402 4,402
At 31 March 2024 22,401 22,401
Accumulated depreciation
At 01 April 2023 15,361 15,361
Charge for the financial year 1,762 1,762
At 31 March 2024 17,123 17,123
Net book value
At 31 March 2024 5,278 5,278
At 31 March 2023 2,638 2,638

5. Debtors

2024 2023
£ £
Trade debtors 31,410 10,168
Other debtors 2,928,355 2,464,981
2,959,765 2,475,149

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 309,240 194,483
Taxation and social security 90,828 79,132
Other creditors 25,101 67,876
425,169 341,491