REGISTERED NUMBER: 02198778 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CGT LETTINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P L C Baldwin

Mr D J C Baldwin

Mr N Devonport

SECRETARY:

Mrs P L C Baldwin

REGISTERED OFFICE:

119 Promenade

Cheltenham

Gloucestershire

GL50 1NW

REGISTERED NUMBER:

02198778 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Intangible assets

4

298,417

387,853

Tangible assets

5

844,935

151,149

1,143,352

539,002

CURRENT ASSETS

Debtors

6

430,337

244,574

Cash in hand

752

909

431,089

245,483

CREDITORS

Amounts falling due within one year

7

(1,111,418

)

(339,982

)

NET CURRENT LIABILITIES

(680,329

)

(94,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

463,023

444,503

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(32,288

)

PROVISIONS FOR LIABILITIES

(4,506

)

(4,506

)

NET ASSETS

453,517

407,709

CAPITAL AND RESERVES

Called up share capital

838

838

Capital redemption reserve

162

162

Retained earnings

452,517

406,709

453,517

407,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr D J C Baldwin - Director

1.	STATUTORY INFORMATION

CGT Lettings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Intangible fixed assets, being goodwill arising on acquisitions, are measured at lost accumulative amortisation.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 April 2024

210,399

4,088

769

Additions

709,235

-

-

At 31 March 2025

919,634

4,088

769

DEPRECIATION

At 1 April 2024

68,195

4,088

769

Charge for year

6,504

-

-

At 31 March 2025

74,699

4,088

769

NET BOOK VALUE

At 31 March 2025

844,935

-

-

At 31 March 2024

142,204

-

-

Office

Motor

Equipment

vehicles

& Furniture

Totals

£

£

£

COST

At 1 April 2024

79,467

353,088

647,811

Additions

-

-

709,235

At 31 March 2025

79,467

353,088

1,357,046

DEPRECIATION

At 1 April 2024

70,522

353,088

496,662

Charge for year

8,945

-

15,449

At 31 March 2025

79,467

353,088

512,111

NET BOOK VALUE

At 31 March 2025

-

-

844,935

At 31 March 2024

8,945

-

151,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,462

1,862

Other debtors

376,220

242,275

Prepayments

25,655

437

430,337

244,574

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

795,203

66,748

Hire purchase contracts (see note 10)

17,276

17,020

Trade creditors

65,495

27,426

Tax

34,699

44,602

Social security and other taxes

109,713

104,540

Other creditors

67,012

20,152

Directors' current accounts

16,500

16,454

Accrued expenses

5,520

43,040

1,111,418

339,982

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

5,000

15,000

Hire purchase contracts (see note 10)

-

17,288

5,000

32,288

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

112,171

56,748

Bank loans

683,032

10,000

795,203

66,748

Amounts falling due between two and five years:

Bank loans - 2-5 years

5,000

15,000

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

17,276

17,020

Between one and five years

-

17,288

17,276

34,308

Non-cancellable

operating leases

2025

2024

£

£

Within one year

56,050

58,800

Between one and five years

82,200

208,600

In more than five years

-

9,000

138,250

276,400

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J C Baldwin.