Company registration number 10807401 (England and Wales)
THE PLAYERS LETTING COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
THE PLAYERS LETTING COMPANY LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
THE PLAYERS LETTING COMPANY LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr O Player
Miss I Player
Mr E Player
Company number
10807401
Registered office
1 Players Court
Oldland Common
Bristol
BS30 9ED
Accountants
TC Group
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
THE PLAYERS LETTING COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
410,000
410,000
Current assets
Debtors
4
875
Cash at bank and in hand
16,517
7,651
17,392
7,651
Creditors: amounts falling due within one year
5
(142,198)
(136,401)
Net current liabilities
(124,806)
(128,750)
Total assets less current liabilities
285,194
281,250
Creditors: amounts falling due after more than one year
6
(202,319)
(202,319)
Provisions for liabilities
(19,330)
(19,330)
Net assets
63,545
59,601
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
7
63,395
59,451
Total equity
63,545
59,601
THE PLAYERS LETTING COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 8 May 2025 and are signed on its behalf by:
Mr E Player
Director
Company registration number 10807401 (England and Wales)
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information
The Players Letting Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Players Court, Oldland Common, Bristol, BS30 9ED.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
1.5
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
410,000
Investment property comprises £410,000. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Investment property
(Continued)
- 6 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
332,679
332,679
Accumulated depreciation
-
-
Carrying amount
332,679
332,679
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
875
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
412
Other creditors
141,786
136,401
142,198
136,401
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
202,319
202,319
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
59,451
69,598
Profit/(loss) for the year
5,444
(7,147)
Dividends declared and paid in the year
(1,500)
(3,000)
At the end of the year
63,395
59,451
Included within is £57,991 of non-distributable reserves arising as a result of fair value adjustments.