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REGISTERED NUMBER: 05941173 (England and Wales)















Unaudited Financial Statements

for the Period 30 September 2023 to 30 September 2024

for

Let-It-Out Limited

Let-It-Out Limited (Registered number: 05941173)






Contents of the Financial Statements
for the period 30 September 2023 to 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Let-It-Out Limited

Company Information
for the period 30 September 2023 to 30 September 2024







DIRECTOR: D V Shields





SECRETARY: Mrs G Shields





REGISTERED OFFICE: Willow Park Church Road
Ullenhall
Henley-In-Arden
B95 5NR





REGISTERED NUMBER: 05941173 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Let-It-Out Limited (Registered number: 05941173)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177 236
Investment property 5 849,338 861,338
849,515 861,574

CURRENT ASSETS
Cash at bank 3,053 4,684

CREDITORS
Amounts falling due within one year 212,300 196,560
NET CURRENT LIABILITIES (209,247 ) (191,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,268

669,698

CREDITORS
Amounts falling due after more than one year 54,301 77,939
NET ASSETS 585,967 591,759

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 585,965 591,757
SHAREHOLDERS' FUNDS 585,967 591,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Let-It-Out Limited (Registered number: 05941173)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





D V Shields - Director


Let-It-Out Limited (Registered number: 05941173)

Notes to the Financial Statements
for the period 30 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Let-It-Out 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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 period 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.

3. EMPLOYEES AND DIRECTORS

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

Let-It-Out Limited (Registered number: 05941173)

Notes to the Financial Statements - continued
for the period 30 September 2023 to 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 September 2023
and 30 September 2024 1,875
DEPRECIATION
At 30 September 2023 1,639
Charge for period 59
At 30 September 2024 1,698
NET BOOK VALUE
At 30 September 2024 177
At 29 September 2023 236

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 September 2023 875,000
Revaluations (12,000 )
At 30 September 2024 863,000
DEPRECIATION
At 30 September 2023
and 30 September 2024 13,662
NET BOOK VALUE
At 30 September 2024 849,338
At 29 September 2023 861,338

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 402,246
Valuation in 2023 25,000
Valuation in 2024 (12,000 )
Cost 447,754
863,000

Let-It-Out Limited (Registered number: 05941173)

Notes to the Financial Statements - continued
for the period 30 September 2023 to 30 September 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary share £1 2 2

7. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party was the director by virtue of his 100% holding of the issued share capital.