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Registration number: 04121197

BEVERLEY CUMMIN LETTINGS LIMITED

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2024

 

BEVERLEY CUMMIN LETTINGS LIMITED

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 12

Detailed Profit and Loss Account

13 to 15

 

BEVERLEY CUMMIN LETTINGS LIMITED

Company Information

Director

Ms B C Cummin

Registered office

Regina House
124 Finchley Road
London
NW3 5JS

Accountants

Mawson Breskal & Co
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

BEVERLEY CUMMIN LETTINGS LIMITED

Director's Report for the Year Ended 31 December 2024

The director presents her report and the abridged financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

Ms B C Cummin

Principal activity

The principal activity of the company is management of real estate on a fee or contract basis.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 1 May 2025
 

.........................................
Ms B C Cummin
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BEVERLEY CUMMIN LETTINGS LIMITED
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BEVERLEY CUMMIN LETTINGS LIMITED for the year ended 31 December 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of BEVERLEY CUMMIN LETTINGS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BEVERLEY CUMMIN LETTINGS LIMITED and state those matters that we have agreed to state to the Board of Directors of BEVERLEY CUMMIN LETTINGS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BEVERLEY CUMMIN LETTINGS LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BEVERLEY CUMMIN LETTINGS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BEVERLEY CUMMIN LETTINGS LIMITED. You consider that BEVERLEY CUMMIN LETTINGS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BEVERLEY CUMMIN 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 accounts.

......................................

Mawson Breskal & Co
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

1 May 2025

 

BEVERLEY CUMMIN LETTINGS LIMITED

Abridged Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Gross profit

 

61,589

115,273

Administrative expenses

 

(58,898)

(115,644)

Other interest receivable and similar income

 

3,996

2,326

Profit before tax

4

6,687

1,955

Tax on profit

 

1,015

(3,262)

Profit/(loss) for the financial year

 

7,702

(1,307)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

BEVERLEY CUMMIN LETTINGS LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024
£

2023
£

Profit/(loss) for the year

7,702

(1,307)

Total comprehensive income for the year

7,702

(1,307)

 

BEVERLEY CUMMIN LETTINGS LIMITED

(Registration number: 04121197)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,509

3,345

Current assets

 

Debtors

6

25,504

26,549

Cash at bank and in hand

 

160,014

122,975

 

185,518

149,524

Creditors: Amounts falling due within one year

(64,511)

(32,746)

Net current assets

 

121,007

116,778

Total assets less current liabilities

 

123,516

120,123

Accruals and deferred income

 

(37,390)

(25,599)

Net assets

 

86,126

94,524

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

86,124

94,522

Shareholders' funds

 

86,126

94,524

For the financial year ending 31 December 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 1 May 2025
 

.........................................
Ms B C Cummin
Director

 

BEVERLEY CUMMIN LETTINGS LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Retained earnings
£

Total
£

At 1 January 2024

2

94,522

94,524

Profit for the year

-

7,702

7,702

Dividends

-

(16,100)

(16,100)

At 31 December 2024

2

86,124

86,126

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

2

120,829

120,831

Loss for the year

-

(1,307)

(1,307)

Dividends

-

(25,000)

(25,000)

At 31 December 2023

2

94,522

94,524

 

BEVERLEY CUMMIN LETTINGS LIMITED

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

1

General information

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

The address of its registered office is:
Regina House
124 Finchley Road
London
NW3 5JS
England

The principal place of business is:
2 Hill Close
London
NW11 7JP

These financial statements were authorised for issue by the director on 1 May 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 abridged 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 abridged 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

BEVERLEY CUMMIN LETTINGS LIMITED

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

BEVERLEY CUMMIN LETTINGS LIMITED

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

836

1,115

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

15,073

15,073

At 31 December 2024

15,073

15,073

Depreciation

At 1 January 2024

11,728

11,728

Charge for the year

836

836

At 31 December 2024

12,564

12,564

Carrying amount

At 31 December 2024

2,509

2,509

At 31 December 2023

3,345

3,345

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

BEVERLEY CUMMIN LETTINGS LIMITED

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

7

Share capital

8

Dividends

2024

2023

£

£

Interim dividend of £8,050.00 (2023 - £12,500.00) per ordinary share

16,100

25,000

 

 

9

Related party transactions

Transactions with the director

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Ms B C Cummin

Brought forward

9,515

-

(340)

9,175

Advances

9,841

-

-

9,841

Salary overpaid

-

1,188

-

1,188

Private expenses paid

-

1,640

-

1,640

Rent due for use of home office

(2,880)

-

(2,880)

(5,760)

Interest charged at 2.25%

282

373

-

655

16,758

3,201

(3,220)

16,739

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Ms B C Cummin

Brought forward

9,515

-

-

9,515

Advances

-

9,841

-

9,841

Rent due for use of home office

-

-

(2,880)

(2,880)

Interest charged at 2.25%

-

282

-

282

9,515

10,123

(2,880)

16,758

 

BEVERLEY CUMMIN LETTINGS LIMITED

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

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,352

9,100

Contributions paid to money purchase schemes

12,500

68,500

23,852

77,600

 

BEVERLEY CUMMIN LETTINGS LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover (analysed below)

72,171

116,751

Cost of sales (analysed below)

(10,582)

(1,478)

Gross profit

61,589

115,273

Gross profit (%)

85.34%

98.73%

Administrative expenses

Employment costs (analysed below)

(35,575)

(91,604)

Establishment costs (analysed below)

(3,610)

(4,026)

General administrative expenses (analysed below)

(18,715)

(18,845)

Finance charges (analysed below)

(162)

(54)

Depreciation costs (analysed below)

(836)

(1,115)

(58,898)

(115,644)

Operating profit/(loss)

2,691

(371)

Other interest receivable and similar income (analysed below)

3,996

2,326

Profit before tax

6,687

1,955

 

BEVERLEY CUMMIN LETTINGS LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Turnover

Rendering of services, UK

72,171

116,751

   

Cost of sales

Direct costs

(729)

-

Commissions payable

(9,853)

(1,478)

(10,582)

(1,478)

   

Employment costs

Directors remuneration

(11,352)

(9,100)

Directors NIC (Employers)

(2,208)

(1,536)

Directors pensions (Defined contribution)

(12,500)

(68,500)

Private health insurance

(8,569)

(12,468)

Casual wages

(946)

-

(35,575)

(91,604)

   

Establishment costs

Rent

(285)

-

Insurance

(445)

(1,146)

Use of home as office

(2,880)

(2,880)

(3,610)

(4,026)

   

General administrative expenses

Telephone and fax

(1,249)

(1,403)

Computer software and maintenance costs

(302)

(303)

Printing, postage and stationery

(140)

(124)

Courier services

-

(500)

Charitable donations

(500)

(1,340)

Sundry expenses

(35)

(892)

Motor expenses

(3,149)

-

Travel and subsistence

-

(575)

Advertising

(11,153)

(7,003)

Customer entertaining (disallowable for tax)

-

(657)

Accountancy fees

(550)

(5,300)

Professional indemnity insurance

(187)

-

Legal and professional fees

(1,450)

(748)

(18,715)

(18,845)

   

Finance charges

Bank charges

(162)

(54)

   

Depreciation costs

Depreciation of office equipment (owned)

(836)

(1,115)

 

BEVERLEY CUMMIN LETTINGS LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Other interest receivable and similar income

Bank interest receivable

3,623

2,044

Other interest receivable

373

282

3,996

2,326