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REGISTERED NUMBER: 04275062 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Simply Letting London.com Ltd

Simply Letting London.com Ltd (Registered number: 04275062)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 8

Simply Letting London.com Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: B Crainey
J Crainey





SECRETARY: B Crainey





REGISTERED OFFICE: 139 East Hill
London
SW18 2QB





REGISTERED NUMBER: 04275062 (England and Wales)





ACCOUNTANT: Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET

Simply Letting London.com Ltd (Registered number: 04275062)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,480 40,943
Investment property 5 40,793,369 40,622,988
40,819,849 40,663,931

CURRENT ASSETS
Debtors 6 863,491 835,873
Cash at bank and in hand 63,447 202,765
926,938 1,038,638
CREDITORS
Amounts falling due within one year 7 520,767 467,235
NET CURRENT ASSETS 406,171 571,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,226,020

41,235,334

CREDITORS
Amounts falling due after more than one year 8 19,808,284 19,806,896
NET ASSETS 21,417,736 21,428,438

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 21,428,324 21,428,324
Retained earnings (10,590 ) 112
SHAREHOLDERS' FUNDS 21,417,736 21,428,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Simply Letting London.com Ltd (Registered number: 04275062)

Balance Sheet - continued
31 August 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by:





J Crainey - Director


Simply Letting London.com Ltd (Registered number: 04275062)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Simply Letting London.com Ltd 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 rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties
Investment properties are revalued at fair value in accordance with FRS102. The gains and losses are shown in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Simply Letting London.com Ltd (Registered number: 04275062)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 168,686
Additions 1,364
At 31 August 2024 170,050
DEPRECIATION
At 1 September 2023 127,743
Charge for year 15,827
At 31 August 2024 143,570
NET BOOK VALUE
At 31 August 2024 26,480
At 31 August 2023 40,943

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 40,622,988
Additions 170,381
At 31 August 2024 40,793,369
NET BOOK VALUE
At 31 August 2024 40,793,369
At 31 August 2023 40,622,988

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2009 5,954,631
Valuation in 2010 851,844
Valuation in 2011 671,840
Valuation in 2012 3,868,385
Valuation in 2013 4,968,706
Valuation in 2014 938,992
Valuation in 2015 423,927
Valuation in 2020 3,750,000
Cost 19,365,044
40,793,369

Simply Letting London.com Ltd (Registered number: 04275062)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 19,365,044 19,194,663

Investment properties are valued by directors on 30 August 2020 at an open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 863,491 835,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,896 10,896
Client advances & deposits 112,708 150,418
Taxation and social security 170,344 193,607
Other creditors 226,819 112,314
520,767 467,235

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 19,808,284 19,806,896

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 19,800,836 19,789,461

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 21,428,324

Simply Letting London.com Ltd (Registered number: 04275062)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is B Crainey.

The ultimate controlling party is J Crainey.

The company is equally controlled by Mr B Crainey and Mr J Crainey during the year.

Simply Letting London.com Ltd

Report of the Accountant to the Directors of
Simply Letting London.com Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET


Date: .............................................