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Registration number: 12661247

Axeus Lettings Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Axeus Lettings Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Axeus Lettings Ltd

Company Information

Directors

A Arif

M Arif

Registered office

West View Bath Road
Horsey
Bridgwater
TA7 8PF

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
Somerset
BS22 8NG

 

Axeus Lettings Ltd

(Registration number: 12661247)
Balance Sheet
31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

120,969

-

Current assets

 

Cash at bank and in hand

 

9,558

46,249

Creditors: Amounts falling due within one year

5

(131,270)

(50,384)

Net current liabilities

 

(121,712)

(4,135)

Net liabilities

 

(743)

(4,135)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(745)

(4,137)

Shareholders' deficit

 

(743)

(4,135)

 

Axeus Lettings Ltd

(Registration number: 12661247)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................
A Arif
Director

 

Axeus Lettings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
West View Bath Road
Horsey
Bridgwater
TA7 8PF

These financial statements were authorised for issue by the Board on 21 July 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 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 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.

The company has net liabilities amounting to £743 (2024 £4,135) at the balance sheet date. The director sees no reason that the company will not continue to trade as a going concern. The company has the full support of the director and lenders.

 

Axeus Lettings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

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 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.

The current corporation 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Investment properties

2025
£

Additions

120,969

At 31 March

120,969

There has been no valuation of investment property by an independent valuer.

 

Axeus Lettings Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

574

-

Accruals and deferred income

384

384

Other creditors

130,312

50,000

131,270

50,384