REGISTERED NUMBER: 12472756 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LIFESTYLE LETTING & MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Alongi

J P Alongi

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

12472756 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

c/o MGB Accountants - Suite 22

Trym Lodge, 1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

FIXED ASSETS

Intangible assets

4

1,312

32,312

Tangible assets

5

25,011

33,076

Investments

6

776,429

461,988

802,752

527,376

CURRENT ASSETS

Debtors

7

103,790

102,717

Cash at bank and in hand

35,366

38,725

139,156

141,442

CREDITORS

Amounts falling due within one year

8

323,281

307,359

NET CURRENT LIABILITIES

(184,125

)

(165,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

618,627

361,459

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

618,527

361,359

618,627

361,459

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

J P Alongi - Director

1.	STATUTORY INFORMATION

Lifestyle Letting & Management 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of four years.

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 etc

-

25% on reducing balance and 25% on cost

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

115,000

9,000

124,000

AMORTISATION

At 1 April 2024

86,250

5,438

91,688

Charge for year

28,750

2,250

31,000

At 31 March 2025

115,000

7,688

122,688

NET BOOK VALUE

At 31 March 2025

-

1,312

1,312

At 31 March 2024

28,750

3,562

32,312

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

78,722

Additions

6,461

Disposals

(600

)

At 31 March 2025

84,583

DEPRECIATION

At 1 April 2024

45,646

Charge for year

14,076

Eliminated on disposal

(150

)

At 31 March 2025

59,572

NET BOOK VALUE

At 31 March 2025

25,011

At 31 March 2024

33,076

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

461,988

Additions

189,436

Disposals

(22,200

)

Revaluations

147,205

At 31 March 2025

776,429

NET BOOK VALUE

At 31 March 2025

776,429

At 31 March 2024

461,988

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

776,429

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,094

3,360

Amounts owed by group undertakings

90,980

90,980

Other debtors

6,716

8,377

103,790

102,717

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,484

269

Trade creditors

62,937

55,782

Taxation and social security

140,917

148,370

Other creditors

117,943

102,938

323,281

307,359

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Alongi.