Registration number: 10553068

Letwell Commercial Ltd

(Registration number: 10553068)

Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	165,358	165,720
Current assets
Debtors	4	171	646
Cash at bank and in hand		24,615	1,761
		24,786	2,407
Creditors: Amounts falling due within one year	5	(133,097)	(129,539)
Net current liabilities		(108,311)	(127,132)
Net assets		57,047	38,588
Capital and reserves
Called up share capital		2	2
Retained earnings		57,045	38,586
Shareholders' funds		57,047	38,588

For the financial year ending 30 June 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 7 October 2025 and signed on its behalf by:
 

.........................................

Mr G Rogers

Director

Letwell Commercial Ltd

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

1	Accounting policies

Statutory information

Letwell Commercial Ltd is a private company, limited by shares, domiciled in England and Wales, company number 10553068. The registered office is at Armstrong House, First Avenue, Auckley, Doncaster, DN9 3RH.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents the invoiced value of rents received during the year.

Tax

The tax expense for the period comprises current 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.

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.

Letwell Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

1	Accounting policies (continued)

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
Office equipment	3 years straight line

Investment property

The company property is held for long-term investment. Investment property is accounted for in accordance with FRS 102 as follows:-

No depreciation is provided in respect of the investment property. This treatment as regards the company's investment property may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, this property is not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

2	Staff numbers

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

Letwell Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

3	Tangible assets

	Long leasehold land and buildings £	Office equipment £	Total £
Cost
At 1 July 2024	163,012	6,513	169,525
Additions	-	1,082	1,082
At 30 June 2025	163,012	7,595	170,607
Depreciation
At 1 July 2024	-	3,805	3,805
Charge for the year	-	1,444	1,444
At 30 June 2025	-	5,249	5,249
Carrying amount
At 30 June 2025	163,012	2,346	165,358
At 30 June 2024	163,012	2,708	165,720

4

Debtors

	2025 £	2024 £
Prepayments	171	196
Other debtors	-	450
	171	646

Letwell Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

5

Creditors

		2025  £	2024  £
Due within one year
Trade creditors		-	738
Directors' current accounts		12,498	13,498
Social security and other taxes		1,435	131
Due to related parties		109,000	109,000
Accrued expenses		1,000	952
Corporation tax		3,944	-
Other creditors		5,220	5,220
		133,097	129,539