REGISTERED NUMBER: SC278207 (Scotland)

Financial Statements

for the Year Ended 31 January 2025

for

Lets B Wise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Ullah

Ms C Hughes

REGISTERED OFFICE:

Unit 3, Morris Park

Glasgow

G5 OYD

REGISTERED NUMBER:

SC278207 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

-

196,545

CURRENT ASSETS

Cash at bank

-

311

CREDITORS

Amounts falling due within one year

5

12,033

80,275

NET CURRENT LIABILITIES

(12,033

)

(79,964

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,033

)

116,581

CREDITORS

Amounts falling due after more than one year

6

-

121,750

NET LIABILITIES

(12,033

)

(5,169

)

CAPITAL AND RESERVES

Called up share capital

7

99

99

Retained earnings

(12,132

)

(5,268

)

SHAREHOLDERS' FUNDS

(12,033

)

(5,169

)

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 30 October 2025 and were signed on its behalf by:

M Ullah - Director

1.	STATUTORY INFORMATION

Lets B Wise Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Office

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

189,250

7,000

37,730

3,204

237,184

Disposals

(189,250

)

(7,000

)

(37,730

)

(3,204

)

(237,184

)

At 31 January 2025

-

-

-

-

-

DEPRECIATION

At 1 February 2024

-

6,004

31,996

2,639

40,639

Eliminated on disposal

-

(6,004

)

(31,996

)

(2,639

)

(40,639

)

At 31 January 2025

-

-

-

-

-

NET BOOK VALUE

At 31 January 2025

-

-

-

-

-

At 31 January 2024

189,250

996

5,734

565

196,545

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Associated company

-

15,300

Tax

-

2,887

Social security and other taxes

-

3,319

Directors' current accounts

12,033

42,946

Accrued expenses

-

15,823

12,033

80,275

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 2-5 years

-

121,750

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

99

Ordinary

£1

99

99