Registration number: 05321835

Let Us Let U Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Let Us Let U Limited

Company Information

Director

Mr S P Fendyke

Company secretary

Mrs LC Fendyke

Registered office

Westbridge House 6-8 Bridge Street Boston Lincolnshire PE21 8QF

Accountants

Cannon Williamson Chartered Certified AccountantsAlbion House 32 Pinchbeck Road Spalding Lincolnshire PE11 1QD

Let Us Let U Limited

(Registration number: 05321835)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	291,155	334,685
Current assets
Debtors	5	716,542	622,401
Cash at bank and in hand		68,667	42,970
		785,209	665,371
Creditors: Amounts falling due within one year	6	(145,737)	(178,332)
Net current assets		639,472	487,039
Total assets less current liabilities		930,627	821,724
Creditors: Amounts falling due after more than one year	6	(3,238)	(13,238)
Provisions for liabilities		(1,189)	(10,200)
Net assets		926,200	798,286
Capital and Reserves
Called up share capital	7	1	1
Capital redemption reserve		10	10
Retained Earnings		926,189	798,275
Shareholders' funds		926,200	798,286

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 September 2025
 

......................................... Mr S P Fendyke Director

Let Us Let U Limited

Notes to the Unaudited Financial Statements for the 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:
Westbridge House
6-8 Bridge Street
Boston
Lincolnshire
PE21 8QF
United Kingdom

These financial statements were authorised for issue by the director on 15 September 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.

Departures from Companies Act requirements

The company has adopted the revaluation model as set out in section 17 of FRS 102 with regard to owner occupied property. No depreciation is charged on the freehold property as the directors estimate that the residual value is equal to the revalued amount.

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 sales/value added tax, 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 and deferred 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.

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

The current income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	33% and 10% straight line
Motor Vehicles	20% straight line

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.

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.

Borrowings

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2024 - 15).

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible Assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	287,000	79,580	129,320	495,900
Additions	-	2,170	-	2,170
Disposals	-	-	(108,521)	(108,521)
At 31 March 2025	287,000	81,750	20,799	389,549
Depreciation
At 1 April 2024	300	75,004	85,911	161,215
Charge for the year	300	1,991	-	2,291
Eliminated on disposal	-	-	(65,112)	(65,112)
At 31 March 2025	600	76,995	20,799	98,394
Carrying amount
At 31 March 2025	286,400	4,755	-	291,155
At 31 March 2024	286,700	4,576	43,409	334,685

Included within the net book value of land and buildings above is £286,400 (2024 - £286,700) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and Buildings was revalued on 31 March 2022. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £Nil).

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	10	715,542	621,401
Other debtors		1,000	1,000
		716,542	622,401

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,000	61,791
Taxation and social security		60,035	51,312
Accruals and deferred income		4,247	6,345
Other creditors		71,455	58,884
		145,737	178,332

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
HP and finance lease liabilities	-	51,791
	10,000	61,791

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	3,238	13,238

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Reserves (continued)

	Retained earnings £	Total £
Surplus/deficit on property, plant and equipment revaluation	(700,000)	(700,000)

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,238	13,238

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Finance lease liabilities	-	51,791
	10,000	61,791

10	Related party transactions

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Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

10	Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	14,286	14,067