REGISTERED NUMBER: 02368751 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Accommodation To Let Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Gilbert

Mrs A M Gilbert

REGISTERED OFFICE:

c/o Locke Williams Associates LLP

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

REGISTERED NUMBER:

02368751 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

46,711

74,068

Investments

5

100

100

Investment property

6

5,301,005

5,079,209

5,347,816

5,153,377

CURRENT ASSETS

Debtors

7

284,736

397,036

Cash at bank

44,056

76,141

328,792

473,177

CREDITORS

Amounts falling due within one year

8

1,102,433

905,522

NET CURRENT LIABILITIES

(773,641

)

(432,345

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,574,175

4,721,032

CREDITORS

Amounts falling due after more than one year

9

(103,790

)

(424,513

)

PROVISIONS FOR LIABILITIES

(466,235

)

(473,074

)

NET ASSETS

4,004,150

3,823,445

CAPITAL AND RESERVES

Called up share capital

11

200

200

Fair value reserve

12

2,913,446

2,913,446

Retained earnings

1,090,504

909,799

SHAREHOLDERS' FUNDS

4,004,150

3,823,445

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

R J Gilbert - Director

1.	STATUTORY INFORMATION

Accommodation To Let 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

The policies adopted for the recognition of turnover are as follows:

Rents receivable

Turnover from property rentals is recognised on a straight-line basis over the lease term.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

For the purposes of clarity, as this surplus or deficit is not realised, a transfer is made to a separate 'Fair Value revaluation reserve', net of any deferred tax provision arising on the surplus or deficit. This reserve does not form part of the company's distributable reserves.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

59,731

94,189

153,920

DEPRECIATION

At 1 April 2024

47,525

32,327

79,852

Charge for year

6,191

21,166

27,357

At 31 March 2025

53,716

53,493

107,209

NET BOOK VALUE

At 31 March 2025

6,015

40,696

46,711

At 31 March 2024

12,206

61,862

74,068

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

5,079,209

Additions

221,796

At 31 March 2025

5,301,005

NET BOOK VALUE

At 31 March 2025

5,301,005

At 31 March 2024

5,079,209

Fair value at 31 March 2025 is represented by:

£

Valuation in 1999

150,000

Valuation in 2003

916,679

Valuation in 2005

1,419,417

Valuation in 2009

15,634

Valuation in 2017

499,245

Cost

2,300,030

5,301,005

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,300,030

2,078,234

The investment property portfolio was revalued the director at 31 March 2025. The director has based his opinion on the revalued fair value of investment properties, by reference to his knowledge of the condition of each property and his judgement of the prevailing market prices for similar properties in the locality of each property within the portfolio. In the current circumstances no change is proposed.

It is the opinion of the director, that the open market value of the portfolio is not materially unchanged from the previous year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,503

5,333

Amounts owed by related undertakings

-

108,620

Other debtors

280,233

283,083

284,736

397,036

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

115,200

108,000

Trade creditors

7,398

9,566

Amounts owed to group undertakings

251,183

251,183

Amounts owed to related undertakings

657,588

494,063

Taxation and social security

67,090

33,289

Other creditors

3,974

9,421

1,102,433

905,522

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

103,790

424,513

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

200,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

218,990

532,513

Bank borrowings are secured by way of mortgage charges against the investment properties.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200

Ordinary

£1

200

200

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

2,913,446

The fair valuation reserve is stated after provision for the deferred tax potentially arising on future disposals at their fair value.

13.	RELATED PARTY DISCLOSURES

A director of the company has provided personal guarantees, to the sum of £30,000 in respect of the company's bank borrowings from Lloyds TSB.

The company was recharged costs totalling £31,940 (2024: £32,329) by a company under common control.

The total aggregate amounts due to these companies is £657,588 (2024: £385,443).