1st Class Lettings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04245153

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		42,500		51,000
Tangible Assets	5		8,624		2,684

			51,124		53,684
CURRENT ASSETS
Debtors	6	73,922		99,023
Cash at bank and in hand		47,550		84,833

		121,472		183,856
Creditors: Amounts Falling Due Within One Year	7	(77,772 )		(87,929 )

NET CURRENT ASSETS (LIABILITIES)			43,700		95,927

TOTAL ASSETS LESS CURRENT LIABILITIES			94,824		149,611

Creditors: Amounts Falling Due After More Than One Year	8		(8,761 )		(17,280 )

NET ASSETS			86,063		132,331

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			85,963		132,231

SHAREHOLDERS' FUNDS			86,063		132,331

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1st Class Lettings Limited

Balance Sheet (continued)

As At 30 April 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Azid Sohoye

Director

21/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

1st Class Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04245153 . The registered office is c/o Ellis & Co, 26 West Green Road, London, N15 5NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25%
Computer Equipment	25%

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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1st Class Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill	Development Costs	Total
	£	£	£
Cost
As at 1 May 2024	85,000	-	85,000

As at 30 April 2025	85,000	-	85,000

Amortisation
As at 1 May 2024	34,000	-	34,000
Reversal of past impairments	-	8,500	8,500

As at 30 April 2025	34,000	8,500	42,500

Net Book Value
As at 30 April 2025	51,000	(8,500 )	42,500

As at 1 May 2024	51,000	-	51,000

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2024	12,736	19,405	32,141
Additions	-	8,815	8,815

As at 30 April 2025	12,736	28,220	40,956

Depreciation
As at 1 May 2024	12,736	16,721	29,457
Provided during the period	-	2,875	2,875

As at 30 April 2025	12,736	19,596	32,332

Net Book Value
As at 30 April 2025	-	8,624	8,624

As at 1 May 2024	-	2,684	2,684

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	51,652	51,652
Prepayments and accrued income	18,053	15,933
Other debtors	4,217	1,108

	73,922	68,693
Due after more than one year
Trade debtors	-	30,330

	73,922	99,023

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1st Class Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	38,518	29,617
Corporation tax	-	17,625
Other taxes and social security	7,236	2,347
VAT	21,688	15,878
Other creditors	5,550	3,801
Accruals and deferred income	4,780	18,661

	77,772	87,929

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	8,761	17,280

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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