Lewis Lets Limited is a private company limited by shares incorporated in England and Wales. The registered office is 48 Free Street, Brecon, UK, LD3 7BN.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.
The average monthly number of persons (including directors) employed by the company during the year was:
There has been no valuation of investment property by an independent valuer
Loan with Onesavings Bank Plc which is denominated in GBP and is an interest only mortgage which is secured over the property know as 37 St Helens Road, Abergavenny NP7 5YA by way of a fixed charge. The amount due at the balance sheet date is £209,581 (2023 £81,523)
Loan with Onesavings Bank Plc which is denominated in GBP and is an interest only mortgage which is secured of the property known as 16 Mather Road, Brenton CH43 4UA by way of a fixed charge. The amount due at the balance sheet date is £156,782 (2023 £152,229)
Loan with Onesavings Bank Plc which is denominated in GBP and is an interest only mortgage which is secured over the property known as 69 Cotswold Street, Liverpool L7 2PY by way of a fixed charge. The amount due at the balance sheet date is £95,127 (2023 £95,126)
Loan with Onesavings Bank Plc which is denominated in GBP and is an interest only mortgage which is secured over the property known as 5 Glanhowy Street, Scwrfa, Tredegar NP22 4AU by way of a fixed charge. The amount due at the balance sheet date is £81,524 (2023 £81,522)
Loan from Phil Smith which is denominated in GBP with an interest rates of 3%. The loan is repayable on 10 February 2025. The amount due at the balance sheet date is £5,175 (2023 £11,356). This loan in unsecured.
Loan from S Devos which is denominated in GBP with an interest rates of 3%. The loan is repayable in 2025. The amount due at the balance sheet date is £32,277 (2023 £32,066). This loan in unsecured.
Loan from S Devos which is denominated in GBP with an interest rates of 7%. The loan is repayable in 2025. The amount due at the balance sheet date is £100,000 (2023 £133,751). This loan in unsecured.
Loan from R Lewis which is denominated in GBP with an interest rates of 7%. The loan is repayable in 2025. The amount due at the balance sheet date is £39,148 (2023 £44,941). This loan in unsecured.
Loan from R Wainright which is denominated in GBP with an interest rates of 7%. The loan is repayable in 2025. The amount due at the balance sheet date is £10,701 (2023 £10,701). This loan in unsecured.
Loan from S Devos which is denominated in GBP with an interest rates of 6.5%. The loan is repayable in 2025. The amount due at the balance sheet date is £5,323 (2023 nil). This loan in unsecured.
Loan from C and L Loftus which is denominated in GBP with an interest rates of 6.9%. The loan is repayable in 2025. The amount due at the balance sheet date is £10,575 (2023 nil). This loan in unsecured.
Loan from Dr A Loftus which is denominated in GBP with an interest rates of 6.9%. The loan is repayable in 2025. The amount due at the balance sheet date is £5,259 (2023 nil). This loan in unsecured.
Loan from Dr A Loftus which is denominated in GBP with an interest rates of 5.8%. The loan is repayable in 2026. The amount due at the balance sheet date is £5,149 (2023 nil). This loan in unsecured.