1 February 2024 v2025.70.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP041427562024-02-012025-01-31041427562025-01-31041427562024-01-3104142756core:WithinOneYear2025-01-3104142756core:WithinOneYear2024-01-3104142756core:AfterOneYear2025-01-3104142756core:AfterOneYear2024-01-3104142756core:ShareCapital2025-01-3104142756core:ShareCapital2024-01-3104142756core:RetainedEarningsAccumulatedLosses2025-01-3104142756core:RetainedEarningsAccumulatedLosses2024-01-3104142756bus:Director12024-02-012025-01-3104142756bus:RegisteredOffice2024-02-012025-01-3104142756core:FurnitureFittings2024-02-012025-01-3104142756core:OfficeEquipment2024-02-012025-01-3104142756core:LandBuildings2024-02-0104142756core:PlantMachinery2024-02-01041427562024-02-0104142756core:PlantMachinery2024-02-012025-01-3104142756core:LandBuildings2024-02-012025-01-3104142756core:LandBuildings2025-01-3104142756core:PlantMachinery2025-01-3104142756core:LandBuildings2024-01-3104142756core:PlantMachinery2024-01-310414275612024-02-012025-01-31041427562023-02-012024-01-3104142756countries:EnglandWales2024-02-012025-01-3104142756bus:AuditExempt-NoAccountantsReport2024-02-012025-01-3104142756bus:PrivateLimitedCompanyLtd2024-02-012025-01-3104142756bus:SmallEntities2024-02-012025-01-3104142756bus:FullAccounts2024-02-012025-01-31
Company registration number:
04142756
Libran Lettings Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Libran Lettings Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Libran Lettings Limited
Year ended
31 January 2025
As described on the statement of financial position, the Board of Directors of
Libran Lettings Limited
are responsible for the preparation of the
financial statements
for the year ended
31 January 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Libran Lettings Limited
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5
840,611
 
930,712
 
Current assets    
Debtors 6
299
 
277
 
Cash at bank and in hand
11,196
 
6,892
 
11,495
 
7,169
 
Creditors: amounts falling due within one year 7
(2,309
 )
(6,753
 )
Net current assets
9,186
 
416
 
Total assets less current liabilities 849,797   931,128  
Creditors: amounts falling due after more than one year 8
(296,000
 )
(296,000
 )
Provisions for liabilities
(76,645
 )
(93,746
 )
Net assets
477,152
 
541,382
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
477,052
 
541,282
 
Shareholders funds
477,152
 
541,382
 
For the year ending
31 January 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 October 2025
, and are signed on behalf of the board by:
Mrs K Brierley
Director
Company registration number:
04142756
Libran Lettings Limited
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rents due on the properties

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% straight line
Office equipment
20% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 February 2024
929,722
 
18,331
 
948,053
 
Additions -  
658
 
658
 
Disposals -  
(182
 )
(182
 )
Revaluations
(90,000
 ) -  
(90,000
 )
At
31 January 2025
839,722
 
18,807
 
858,529
 
Depreciation      
At
1 February 2024
 -  
17,341
 
17,341
 
Charge -  
759
 
759
 
Disposals -  
(182
 )
(182
 )
At
31 January 2025
 -  
17,918
 
17,918
 
Carrying amount      
At
31 January 2025
839,722
 
889
 
840,611
 
At 31 January 2024
929,722
 
990
 
930,712
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying amount at
1 February 2024
929,722
 
Fair value adjustments
90,000
)
Carrying amount at
31 January 2025
839,722
 

6 Debtors

20252024
££
Other debtors
299
 
277
 
The debtors above include the following amounts falling due after more than one year:
20252024
££
Trade debtors -  
1,203
 

7 Creditors: amounts falling due within one year

20252024
££
Taxation and social security
1,000
 
1,939
 
Other creditors
1,309
 
4,814
 
2,309
 
6,753
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
296,000
 
296,000
 

9 Directors' advances, credit and guarantees

The directors have always maintained credit balances on their accounts