REGISTERED NUMBER: 03718346 (England and Wales)

County Lettings Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N Islam

SECRETARY:

Mrs S Bibi

REGISTERED OFFICE:

90 High Street

Rochester

Kent

ME1 1JU

REGISTERED NUMBER:

03718346 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

2,115

209

Investment property

5

1,666,445

1,566,445

1,668,560

1,566,654

CURRENT ASSETS

Debtors

6

9,991

11,973

Cash at bank

190,050

119,271

200,041

131,244

CREDITORS

Amounts falling due within one year

7

157,916

162,769

NET CURRENT ASSETS/(LIABILITIES)

42,125

(31,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,710,685

1,535,129

CREDITORS

Amounts falling due after more than one year

8

(1,181,659

)

(1,181,659

)

PROVISIONS FOR LIABILITIES

(593

)

(52

)

NET ASSETS

528,433

353,418

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

528,333

353,318

SHAREHOLDERS' FUNDS

528,433

353,418

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

N Islam - Director

1.	STATUTORY INFORMATION

County 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 as modified by the revaluation of certain assets.

Income recognition

Turnover represents charges made to landlords and tenants for property management services, and rents receivable from property investments.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

[NB: A small entity may take advantage of the transitional exemptions in 35.10 (c) or (d) to include fair value or revaluation as deemed cost. This is only going to be relevant if the property is being included at cost, on the basis that fair value cannot be measured reliably.]

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

Operating lease

Rentals paid under operating leases are charged to the Profit and Loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

11,278

Additions

2,451

At 31 March 2025

13,729

DEPRECIATION

At 1 April 2024

11,069

Charge for year

545

At 31 March 2025

11,614

NET BOOK VALUE

At 31 March 2025

2,115

At 31 March 2024

209

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,666,445

Revaluations

100,000

At 31 March 2025

1,766,445

DEPRECIATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

1,666,445

At 31 March 2024

1,566,445

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,766,445

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

9,991

11,973

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

42,424

47,117

Other creditors

115,492

115,652

157,916

162,769

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,181,659

1,181,659

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Debentures

1,181,659

1,181,659

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Debentures

1,181,659

1,181,659

The loans are secured by fixed charges over the investment properties.