REGISTERED NUMBER: 09135949 (United Kingdom)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

LETTINGS2SALES LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,704

34,552

CURRENT ASSETS

Debtors

5

115,265

167,695

CREDITORS

Amounts falling due within one year

6

117,739

151,822

NET CURRENT (LIABILITIES)/ASSETS

(2,474

)

15,873

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230

50,425

CREDITORS

Amounts falling due after more than one year

7

(3,333

)

(48,294

)

PROVISIONS FOR LIABILITIES

(304

)

-

NET (LIABILITIES)/ASSETS

(2,407

)

2,131

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(2,409

)

2,129

SHAREHOLDERS' FUNDS

(2,407

)

2,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

Mr M P R Taylor - Director

1.	STATUTORY INFORMATION

Lettings2Sales Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number:

09135949

Registered office:

22 James Street

Cardiff

CF10 5EX

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on reducing balance

Motor vehicles

-

20% Straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

24,980

59,885

84,865

Disposals

-

(59,885

)

(59,885

)

At 31 December 2024

24,980

-

24,980

DEPRECIATION

At 1 January 2024

20,350

29,963

50,313

Charge for year

926

-

926

Eliminated on disposal

-

(29,963

)

(29,963

)

At 31 December 2024

21,276

-

21,276

NET BOOK VALUE

At 31 December 2024

3,704

-

3,704

At 31 December 2023

4,630

29,922

34,552

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments and accrued income

-

42,870

Other debtors

115,265

124,825

115,265

167,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

68,212

69,079

Hire purchase contracts (see note 9)

-

11,340

Taxation and social security

46,880

34,666

Accruals and deferred income

2,250

2,200

Other creditors

397

34,537

117,739

151,822

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

3,333

29,295

Hire purchase contracts (see note 9)

-

18,999

3,333

48,294

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,014

12,880

Bank loans

60,198

56,199

68,212

69,079

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,333

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

29,295

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

-

11,340

Between one and five years

-

18,999

-

30,339

Non-cancellable

operating leases

2024

2023

£

£

Within one year

19,693

1,272

Between one and five years

26,880

2,544

46,573

3,816

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary A

£1

1

1

2

2