IRIS Accounts Production v25.2.0.378 07067232 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07067232 2024-03-31 07067232 2025-03-31 07067232 2024-04-01 2025-03-31 07067232 2023-03-31 07067232 2023-04-01 2024-03-31 07067232 2024-03-31 07067232 ns15:EnglandWales 2024-04-01 2025-03-31 07067232 ns14:PoundSterling 2024-04-01 2025-03-31 07067232 ns10:Director1 2024-04-01 2025-03-31 07067232 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07067232 ns10:SmallEntities 2024-04-01 2025-03-31 07067232 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07067232 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07067232 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07067232 ns10:FullAccounts 2024-04-01 2025-03-31 07067232 1 2024-04-01 2025-03-31 07067232 ns10:RegisteredOffice 2024-04-01 2025-03-31 07067232 ns5:CurrentFinancialInstruments 2025-03-31 07067232 ns5:CurrentFinancialInstruments 2024-03-31 07067232 ns5:Non-currentFinancialInstruments 2025-03-31 07067232 ns5:Non-currentFinancialInstruments 2024-03-31 07067232 ns5:ShareCapital 2025-03-31 07067232 ns5:ShareCapital 2024-03-31 07067232 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 07067232 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 07067232 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07067232 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07067232 ns5:NetGoodwill 2024-04-01 2025-03-31 07067232 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 07067232 ns5:FurnitureFittings 2024-04-01 2025-03-31 07067232 ns5:ComputerEquipment 2024-04-01 2025-03-31 07067232 ns5:NetGoodwill 2024-03-31 07067232 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 07067232 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 07067232 ns5:NetGoodwill 2025-03-31 07067232 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 07067232 ns5:NetGoodwill 2024-03-31 07067232 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 07067232 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 07067232 ns5:LeaseholdImprovements 2024-03-31 07067232 ns5:FurnitureFittings 2024-03-31 07067232 ns5:ComputerEquipment 2024-03-31 07067232 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 07067232 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-03-31 07067232 ns5:LeaseholdImprovements 2025-03-31 07067232 ns5:FurnitureFittings 2025-03-31 07067232 ns5:ComputerEquipment 2025-03-31 07067232 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 07067232 ns5:LeaseholdImprovements 2024-03-31 07067232 ns5:FurnitureFittings 2024-03-31 07067232 ns5:ComputerEquipment 2024-03-31 07067232 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07067232 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07067232 ns5:CurrentFinancialInstruments 2024-04-01 2025-03-31 07067232 ns5:Secured 2025-03-31 07067232 ns5:Secured 2024-03-31

REGISTERED NUMBER: 07067232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Steve Chadwick Residential Lettings

Limited

T/A

Martin & Co (Hinckley)

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Steve Chadwick Residential Lettings |

| Limited |

| T/A Martin & Co (Hinckley) |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | S A Chadwick

| REGISTERED OFFICE: | Park House

| 37 Clarence Street

| Leicester

| Leicestershire

| LE1 3RW

| REGISTERED NUMBER: | 07067232 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Park House

| 37 Clarence Street

| Leicester

| Leicestershire

| LE1 3RW

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 89,674 |  | 97,573 |  |

Tangible assets | 5 | 61,831 |  | 63,074 |  |

151,505 |  | 160,647 |  |

CURRENT ASSETS

Debtors | 6 | 36,364 |  | 37,104 |  |

Cash at bank | 7,440 |  | - |  |

43,804 |  | 37,104 |  |

CREDITORS

Amounts falling due within one year | 7 | (144,489 | ) | (166,096 | ) |

NET CURRENT LIABILITIES | (100,685 | ) | (128,992 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 50,820 |  | 31,655 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (11,072 | ) |

PROVISIONS FOR LIABILITIES | (5,028 | ) | (5,339 | ) |

NET ASSETS | 45,792 |  | 15,244 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 12,209 |  | 12,209 |  |

Retained earnings | 33,483 |  | 2,935 |  |

SHAREHOLDERS' FUNDS | 45,792 |  | 15,244 |  |

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.

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Balance Sheet - continued

31 March 2025

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 22 August 2025 and were signed by:

S A Chadwick - Director

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Steve Chadwick Residential 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.

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.

| Going Concern

| The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the director to maintain the necessary financial support.

| Turnover

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

| Goodwill

| Goodwill, being the amounts paid in connection with the acquisition of several businesses in 2012, 2015 and 2018 are being amortised evenly over its estimated useful life of 20 years.

| 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 | - | 20% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| The value of the Long leasehold asset is assessed annually and carried at fair value.

| 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.

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Fixed asset investments

| Fixed asset investments are measured at market value, any aggregate surplus or deficit arising from changes in market value are included in the profit and loss account for the period.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 8 ) .

4. | INTANGIBLE FIXED ASSETS

| Franchise |

| Goodwill |  | fee |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 252,171 |  | 18,500 |  | 270,671 |  |

| AMORTISATION

| At 1 April 2024 | 154,598 |  | 18,500 |  | 173,098 |  |

| Amortisation for year | 7,899 |  | - |  | 7,899 |  |

| At 31 March 2025 | 162,497 |  | 18,500 |  | 180,997 |  |

| NET BOOK VALUE

| At 31 March 2025 | 89,674 |  | - |  | 89,674 |  |

| At 31 March 2024 | 97,573 |  | - |  | 97,573 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| Long |  | to |  | and |  | Computer |

| leasehold |  | property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 |

| and 31 March 2025 | 58,000 |  | 13,484 |  | 21,880 |  | 5,806 |  | 99,170 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 10,691 |  | 19,802 |  | 5,603 |  | 36,096 |  |

| Charge for year | - |  | 559 |  | 520 |  | 164 |  | 1,243 |  |

| At 31 March 2025 | - |  | 11,250 |  | 20,322 |  | 5,767 |  | 37,339 |  |

| NET BOOK VALUE

| At 31 March 2025 | 58,000 |  | 2,234 |  | 1,558 |  | 39 |  | 61,831 |  |

| At 31 March 2024 | 58,000 |  | 2,793 |  | 2,078 |  | 203 |  | 63,074 |  |

| The director, a qualified surveyor, has valued the Long leasehold asset at 31 March 2025 on an open market value basis.

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Improvements |  | Fixtures |

| Long |  | to |  | and |  | Computer |

| leasehold |  | property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2017 | 28,228 |  | - |  | - |  | - |  | 28,228 |  |

| Valuation in 2021 | 5,050 |  | - |  | - |  | - |  | 5,050 |  |

| Valuation in 2024 | (17,000 | ) | - |  | - |  | - |  | (17,000 | ) |

| Cost | 41,722 |  | 13,484 |  | 21,880 |  | 5,806 |  | 82,892 |  |

58,000 |  | 13,484 |  | 21,880 |  | 5,806 |  | 99,170 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 5,160 |  | 120 |  |

| Other debtors | 31,204 |  | 36,984 |  |

36,364 |  | 37,104 |  |

| Other debtors includes prepayments and accrued income of £1,827 (2024: £3,530).

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | - |  | 30,212 |  |

| Trade creditors | 5,393 |  | 7,486 |  |

| Taxation and social security | 59,276 |  | 27,903 |  |

| Other creditors | 79,820 |  | 100,495 |  |

144,489 |  | 166,096 |  |

| Other creditors includes accruals and deferred income of £7,161 (2024: £7,831).

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | - |  | 10,517 |  |

| Other creditors | - |  | 555 |  |

- |  | 11,072 |  |

| Steve Chadwick Residential Lettings |

| Limited (Registered number: 07067232) |

| T/A Martin & Co (Hinckley) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank overdraft | - |  | 19,976 |  |

| The bank overdraft is secured against the assets of the company.