REGISTERED NUMBER: SC232585 (Scotland)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

LET'S DIRECT (SCOTLAND) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V Iqbal

REGISTERED OFFICE:

266 St Vincent Street

Glasgow

G2 5RL

REGISTERED NUMBER:

SC232585 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

8,529,720

6,007,207

CURRENT ASSETS

Debtors

5

41,000

41,000

Cash at bank and in hand

706,947

49,917

747,947

90,917

CREDITORS

Amounts falling due within one year

6

1,807,914

518,282

NET CURRENT LIABILITIES

(1,059,967

)

(427,365

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,469,753

5,579,842

CREDITORS

Amounts falling due after more than one year

7

-

1,119,898

NET ASSETS

7,469,753

4,459,944

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,469,653

4,459,844

SHAREHOLDERS' FUNDS

7,469,753

4,459,944

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.

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 director and authorised for issue on 24 October 2025 and were signed by:

V Iqbal - Director

1.	STATUTORY INFORMATION

LET'S DIRECT (SCOTLAND) LIMITED is a private company, limited by shares , registered in Scotland. 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,006,666

82,448

5,544

4,884

6,099,542

Additions

5,729,838

-

-

-

5,729,838

Disposals

(3,207,189

)

-

-

-

(3,207,189

)

At 31 March 2025

8,529,315

82,448

5,544

4,884

8,622,191

DEPRECIATION

At 1 April 2024

-

81,974

5,513

4,848

92,335

Charge for year

-

119

8

9

136

At 31 March 2025

-

82,093

5,521

4,857

92,471

NET BOOK VALUE

At 31 March 2025

8,529,315

355

23

27

8,529,720

At 31 March 2024

6,006,666

474

31

36

6,007,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts recoverable on contract

1,000

1,000

Lets Direct Glasgow Ltd

40,000

40,000

41,000

41,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

270,000

Trade creditors

58,520

-

Tax

1,004,251

124,361

PAYE

144

-

Deposits

245,000

94,500

V Iqbal loan

-

179

Directors' current accounts

493,315

25,000

Accrued expenses

6,684

4,242

1,807,914

518,282

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - outwith 1 year

-

1,119,898