Pye Lettings Limited - Filleted accounts

Registered number

11255366

Pye Lettings Limited

Filleted Accounts

31 March 2025

Pye Lettings Limited
Registered number:		11255366
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		111,559			111,559

Current assets
Debtors	4	260,023			260,123
Cash at bank and in hand		787			5,469
		260,810			265,592

Creditors: amounts falling due within one year	5	(154,690)			(155,298)

Net current assets			106,120			110,294

Total assets less current liabilities			217,679			221,853

Creditors: amounts falling due after more than one year	6		(92,683)			(92,683)



Net assets			124,996			129,170

Capital and reserves
Called up share capital			1			1
Profit and loss account			124,995			129,169

Shareholder's funds			124,996			129,170

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Pye
Director
Approved by the board on 18 November 2025

Pye Lettings Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Investments
Investments in
subsidiaries			Other
and associates			investments		Total		Total
£			£		£		£
	Cost
	At 1 April 2024	60		111,499		111,559

	At 31 March 2025	60		111,499		111,559

	Historical cost
	At 1 April 2024	60		111,499
	At 31 March 2025	60		111,499

	At 31st March 2023 the company had interests in the following associate:

	Company Name	Share Type		Proportion Held (%)		Country of incorporation

	Bemerton Investments Limited	Ordinary		50%		United Kingdom


4	Debtors			2025		2024
£					£

	Other debtors			260,023		260,123


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			-		100
	Other creditors			154,690		155,198
				154,690		155,298


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			92,683		92,683


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			92,683		92,683

	Loans are secured by way of legal charges on freehold property.


8	Other information

	Pye Lettings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Cheshire House
	Gorsey Lane
	Widnes
	Cheshire
	WA8 0RP