Cloud Lettings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09434095

CLOUD LETTINGS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

CLOUD LETTINGS LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

CLOUD LETTINGS LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	E S Fuller
	S K Gilbert
	M T Sinclair
	H J Grundy

Registered office	41 Carholme Road
	Lincoln
	Lincolnshire
	England
	LN1 1RN

Accountants	Streets LLP
	Chartered accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

CLOUD LETTINGS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		42,437	44,854

Current assets

Debtors	6	30,152	17,647
Cash at bank and in hand		189,848	114,378
		----------	----------
		220,000	132,025

Creditors: amounts falling due within one year	7	117,944		87,438
		----------		----------
Net current assets			102,056	44,587
			----------	---------
Total assets less current liabilities			144,493	89,441

Provisions

Taxation including deferred tax	( 804)	2,328
	----------	---------
Net assets	145,297	87,113
	----------	---------

CLOUD LETTINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	6,300	6,300
Share premium account	60,800	60,800
Capital redemption reserve	4,500	4,500
Profit and loss account	73,697	15,513
	----------	---------
Shareholders funds	145,297	87,113
	----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

S K Gilbert	M T Sinclair
Director	Director

Company registration number: 09434095

CLOUD LETTINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Carholme Road, Lincoln, Lincolnshire, LN1 1RN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The directors make estimates and assumptions about the future. These estimates and assumptions impact recognised assets and liabilities, as well as revenue and expenses and other disclosures. These estimates are based on historical experience and on various assumptions considered reasonable under the prevailing conditions. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The estimates and assumptions that may have a significant effect on the carrying amounts of assets and liabilities within financial year include: Tangible fixed assets are recognised at cost or valuation, less accumulated depreciation and any impairments. Depreciation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the company's fixed assets is tested as soon as changed conditions show that a need for impairment has arisen. The recoverability of trade debtors and associated provisioning is considered on a regular basis. When calculating the debtor provision, the directors consider the age of the debts and the financial position of its customers.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	Various depreciation rates

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	833	34,555	63,353	27,648	126,389
Additions	–	390	18,963	979	20,332
Disposals	( 833)	( 34,060)	( 13,654)	( 16,790)	( 65,337)
	----	---------	---------	---------	----------
At 31 March 2025	–	885	68,662	11,837	81,384
	----	---------	---------	---------	----------
Depreciation
At 1 April 2024	704	27,527	38,046	15,258	81,535
Charge for the year	–	63	6,246	1,517	7,826
Disposals	( 704)	( 27,231)	( 10,987)	( 11,492)	( 50,414)
	----	---------	---------	---------	----------
At 31 March 2025	–	359	33,305	5,283	38,947
	----	---------	---------	---------	----------
Carrying amount
At 31 March 2025	–	526	35,357	6,554	42,437
	----	---------	---------	---------	----------
At 31 March 2024	129	7,028	25,307	12,390	44,854
	----	---------	---------	---------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	4,866	2,594
Other debtors	25,286	15,053
	---------	---------
	30,152	17,647
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,081	11,409
Corporation tax	58,689	37,062
Social security and other taxes	12,128	10,980
Other creditors	38,046	27,987
	----------	---------
	117,944	87,438
	----------	---------

8. Related party transactions

During the year the company received property management fees in respect of properties owned by the directors. At 31 March 2025 a balance of £467 (2024: £323) was owed from companies owned by the directors. There are no formal terms associated with these balances.

9. Controlling party

The company remained under the control of the directors during the year.