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REGISTERED NUMBER: 06386657 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Let Developments Limited

Let Developments Limited (Registered number: 06386657)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Let Developments Limited

Company Information
for the year ended 31 August 2024







DIRECTOR: Mrs L R Scanlan





SECRETARY: Mrs L R Scanlan





REGISTERED OFFICE: 23 John Street
Sunderland
Tyne and Wear
SR1 1JG





REGISTERED NUMBER: 06386657 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Let Developments Limited (Registered number: 06386657)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 260,084 261,816

CURRENT ASSETS
Cash at bank 25,178 15,919

CREDITORS
Amounts falling due within one year 5 110,787 103,254
NET CURRENT LIABILITIES (85,609 ) (87,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,475

174,481

PROVISIONS FOR LIABILITIES 567 731
NET ASSETS 173,908 173,750

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 173,608 173,450
SHAREHOLDERS' FUNDS 173,908 173,750

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2025 and were signed by:





Mrs L R Scanlan - Director


Let Developments Limited (Registered number: 06386657)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Let Developments 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.

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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in existence for the foreseeable future, which the director considers to be appropriate.

Income
Income represents net invoiced rental of property and gym equipment, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% on reducing balance

In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The director considers that to depreciate the property would not give a true and fair view.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Let Developments Limited (Registered number: 06386657)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 253,157 200,000 453,157
DEPRECIATION
At 1 September 2023 - 191,341 191,341
Charge for year - 1,732 1,732
At 31 August 2024 - 193,073 193,073
NET BOOK VALUE
At 31 August 2024 253,157 6,927 260,084
At 31 August 2023 253,157 8,659 261,816

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,652 6,563
Other creditors 104,135 96,691
110,787 103,254

6. CONTROL

The controlling party is Mrs L R Scanlan.