REGISTERED NUMBER: 12393043 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

35 Property (Lettings) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Ward

Mrs D M Ward

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

BUSINESS ADDRESS:

5 Yeoman Close

Ringstead

Kettering

Northamptonshire

NN14 4HJ

REGISTERED NUMBER:

12393043 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

4

2,065

2,065

Tangible assets

5

11,282

12,252

Investment property

6

390,991

326,997

404,338

341,314

CURRENT ASSETS

Debtors

7

29,154

59,388

Cash at bank

5,442

36,924

34,596

96,312

CREDITORS

Amounts falling due within one year

8

241,964

236,079

NET CURRENT LIABILITIES

(207,368

)

(139,767

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,970

201,547

CREDITORS

Amounts falling due after more than one year

9

227,550

227,550

NET LIABILITIES

(30,580

)

(26,003

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(30,582

)

(26,005

)

(30,580

)

(26,003

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

C E Ward - Director

1.	STATUTORY INFORMATION

35 Property (Lettings) Ltd 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.

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 represents the income from furnished holiday lettings due to the company for the period covered by the financial statements.

Intangible assets

No amortisation has been provided on the intangible assets as their value has been maintained.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes the continuing financial support of the company's directors.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 February 2024

and 31 January 2025

2,065

NET BOOK VALUE

At 31 January 2025

2,065

At 31 January 2024

2,065

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

15,884

249

16,133

Additions

-

356

356

At 31 January 2025

15,884

605

16,489

DEPRECIATION

At 1 February 2024

3,711

170

3,881

Charge for year

1,217

109

1,326

At 31 January 2025

4,928

279

5,207

NET BOOK VALUE

At 31 January 2025

10,956

326

11,282

At 31 January 2024

12,173

79

12,252

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

326,997

Additions

63,994

At 31 January 2025

390,991

NET BOOK VALUE

At 31 January 2025

390,991

At 31 January 2024

326,997

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

27,353

59,388

Prepayments

1,801

-

29,154

59,388

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Directors' current accounts

240,915

234,915

Accrued expenses

1,049

1,164

241,964

236,079

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other loans more 5yrs non-inst

227,550

227,550

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

227,550

227,550

10.	SECURED DEBTS

The other loans are a secured liability - a negative pledge has been given.