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Registration number: 10051373

Lettings HQ Properties Limited
Unaudited Financial Statements
for the Year Ended 30 June 2025

Lettings HQ Properties Limited

(Registration number: 10051373)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 42,447 | 66,588
Investment properties | 4 | 7,455,000 | 8,165,000
|  | 7,497,447 | 8,231,588
Current assets |  |  |
Debtors | 5 | 4,860 | 5,370
Cash at bank and in hand |  | 165,184 | 161,253
|  | 170,044 | 166,623
Creditors: Amounts falling due within one year | 6 | (240,253) | (343,809)
Net current liabilities |  | (70,209) | (177,186)
Total assets less current liabilities |  | 7,427,238 | 8,054,402
Creditors: Amounts falling due after more than one year | 6 | (3,111,421) | (3,916,613)
Provisions for liabilities |  | (458,682) | (489,849)
Net assets |  | 3,857,135 | 3,647,940
Capital and reserves |  |  |
Called up share capital | 7 | 1,700,006 | 1,700,006
Revaluation reserve |  | 1,502,163 | 1,602,908
Retained earnings |  | 654,966 | 345,026
Shareholders' funds |  | 3,857,135 | 3,647,940

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Lettings HQ Properties Limited

(Registration number: 10051373)
Balance Sheet as at 30 June 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 16 October 2025 and signed on its behalf by:

.........................................

R L Pickering

Director

Lettings HQ Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | Accounting policies

Statutory information

Lettings HQ Properties Limited is a private company, limited by shares, domiciled in England and Wales, company number 10051373. The registered office is at Apartment 1, Dore Lodge Apartments75 Dore Road Sheffield, S17 3ND.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Lettings HQ Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

1 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 15% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 15% reducing balance

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of external valuers as detailed in note 4 of the financial statements. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liabiltiy of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income staement.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Lettings HQ Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

3 | Tangible assets

| Fixtures and fittings £ | Computer equipment £ | Motor vehicles £ | Total £
Cost
At 1 July 2024 | 7,040 | 3,435 | 81,576 | 92,051
Additions | - | - | 16,932 | 16,932
Disposals | - | - | (46,500) | (46,500)
At 30 June 2025 | 7,040 | 3,435 | 52,008 | 62,483
Depreciation
At 1 July 2024 | 4,355 | 1,015 | 20,093 | 25,463
Charge for the year | 403 | 859 | 14,136 | 15,398
Eliminated on disposal | - | - | (20,825) | (20,825)
At 30 June 2025 | 4,758 | 1,874 | 13,404 | 20,036
Carrying amount
At 30 June 2025 | 2,282 | 1,561 | 38,604 | 42,447
At 30 June 2024 | 2,685 | 2,420 | 61,483 | 66,588

4 | Investment properties

| £
Valuation |
At 1 July 2024 | 8,165,000
Disposals | (710,000)
At 30 June 2025 | 7,455,000

During the year ended 30 June 2024 the fair value of the investment properties were revalued by Brownhill Vickers, who are external to the company. The basis of this valuation was existing use basis and the directors consider this valuation to still be correct as at 30 June 2025. The investment properties have a historical cost of £5,504,765 (2024: £6,088,889).

5 | Debtors

| 2025 £ | 2024 £
Prepayments | 4,860 | 5,370
| 4,860 | 5,370

Lettings HQ Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Bank loans | 5,661 | 5,645
Trade creditors | 7,848 | 2,585
Taxation and social security | 135,364 | 69,272
Accruals and deferred income | 70,842 | 90,454
Directors' loan account | 32 | 153,177
Other creditors | 20,506 | 22,676
| 240,253 | 343,809

| 2025 £ | 2024 £
Due after one year |  |
Bank loans | 3,111,421 | 3,916,613

The bank borrowings are secured by a charge over the company's assets.

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,700,002 | 1,700,002 | 1,700,002 | 1,700,002
Ordinary A shares of £1 each | 1 | 1 | 1 | 1
Ordinary B shares of £1 each | 1 | 1 | 1 | 1
Ordinary C shares of £1 each | 1 | 1 | 1 | 1
Ordinary D shares of £1 each | 1 | 1 | 1 | 1
| 1,700,006 | 1,700,006 | 1,700,006 | 1,700,006

8 | Related party transactions

During the period the directors had an interest free loan account with the company. At the balance sheet date the amount due from the directors was £7,295 (2024: due to the directors £153,177).