Right Lets Property Limited 11962357 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is property investment and letting services. Digita Accounts Production Advanced 6.30.9574.0 true true 11962357 2024-05-01 2025-04-30 11962357 2025-04-30 11962357 core:CurrentFinancialInstruments 2025-04-30 11962357 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 11962357 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 11962357 bus:SmallEntities 2024-05-01 2025-04-30 11962357 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 11962357 bus:FilletedAccounts 2024-05-01 2025-04-30 11962357 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 11962357 bus:RegisteredOffice 2024-05-01 2025-04-30 11962357 bus:Director1 2024-05-01 2025-04-30 11962357 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11962357 countries:EnglandWales 2024-05-01 2025-04-30 11962357 2023-05-01 2024-04-30 11962357 2024-04-30 11962357 core:CurrentFinancialInstruments 2024-04-30 11962357 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11962357 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 11962357

Right Lets Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Right Lets Property Limited

(Registration number: 11962357)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Current assets

 

Debtors

2

4,502

Cash at bank and in hand

 

59,475

75,500

 

59,477

80,002

Creditors: Amounts falling due within one year

(2,000)

(5,000)

Total assets less current liabilities

 

57,477

75,002

Creditors: Amounts falling due after more than one year

(57,500)

(75,000)

Net (liabilities)/assets

 

(23)

2

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(25)

-

Shareholders' (deficit)/funds

 

(23)

2

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

These financial statements have been prepared and 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.

Approved and authorised by the Board on 30 June 2025 and signed on its behalf by:
 

.........................................
J Carlin
Director

 

Right Lets Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Office 3
Chamberlain House
Stoneleigh Park
Kenilworth
CV8 2LG

These financial statements were authorised for issue by the Board on 30 June 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 company has net liabilities. The directors have provided assurances that they will continue to meet all liabilities as and when they fall due. As such, the financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Right Lets Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).