Number 1 Letting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06648801

Number 1 Letting Limited

Filleted Unaudited Financial Statements

31 March 2025

Number 1 Letting Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		24,280		27,017

Current assets

Debtors	7	121,674	41,821
Cash at bank and in hand		164,645	226,373
		---------	---------
		286,319	268,194

Creditors: amounts falling due within one year	8	209,203		265,166
		---------		---------
Net current assets			77,116		3,028
			---------		--------
Total assets less current liabilities			101,396		30,045

Provisions

Taxation including deferred tax	4,940	5,174
	---------	--------
Net assets	96,456	24,871
	---------	--------

Capital and reserves

Called up share capital	9	1	1
Profit and loss account		96,455	24,870
		--------	--------
Shareholders funds		96,456	24,871
		--------	--------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Number 1 Letting Limited

Statement of Financial Position (continued)

31 March 2025

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:

Mr I Drozdov
Director

Company registration number: 06648801

Number 1 Letting Limited

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 86-90 Paul Street, London, United Kingdom, EC2A 4NE.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Fixtures and fittings	-	20% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 17 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	25,281	30,920

Deferred tax:

Origination and reversal of timing differences	( 234)	( 901)
	--------	--------
Tax on profit	25,047	30,019
	--------	--------

6. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2024	72,496
Additions	2,985
	--------
At 31 March 2025	75,481
	--------
Depreciation
At 1 April 2024	45,479
Charge for the year	5,722
	--------
At 31 March 2025	51,201
	--------
Carrying amount
At 31 March 2025	24,280
	--------
At 31 March 2024	27,017
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	3,498	–
Prepayments and accrued income	16,080	35,529
Director's loan account	101,357	–
Other debtors	739	6,292
	---------	--------
	121,674	41,821
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,097	3,644
Accruals and deferred income	19,297	10,437
Corporation tax	25,281	30,920
Social security and other taxes	44,724	43,774
Director loan accounts	–	145
Client account	115,804	176,246
	---------	---------
	209,203	265,166
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. Director's advances, credits and guarantees

At the year end the directors owed £101,357 to the company, this was paid back by 4th April 2025.