REGISTERED NUMBER: 12526396 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Friendship Lettings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J A Smalley

Ms K E Ennis

SECRETARY:

REGISTERED OFFICE:

The Old Barn, Heyes Farm

Grimshaw Road

Skelmersdale

Lancashire

WN8 6BH

REGISTERED NUMBER:

12526396 (England and Wales)

ACCOUNTANTS:

Holland & Co. Chartered Accountants

102/104 Widnes Road

Widnes

Cheshire

WA8 6AX

FIXED ASSETS

Tangible assets

4

502,620

502,620

CURRENT ASSETS

Cash at bank

7,946

16,716

CREDITORS

Amounts falling due within one year

5

150,064

154,081

NET CURRENT LIABILITIES

(142,118

)

(137,365

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,502

365,255

CREDITORS

Amounts falling due after more than one year

6

335,587

335,587

NET ASSETS

24,915

29,668

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

7

31,677

31,677

Retained earnings

(6,765

)

(2,012

)

24,915

29,668

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 22 December 2025 and were signed on its behalf by:

Ms K E Ennis - Director

1.	STATUTORY INFORMATION

Friendship Lettings Ltd 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.

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.

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

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

502,620

NET BOOK VALUE

At 31 March 2025

502,620

At 31 March 2024

502,620

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

150,064

154,081

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

335,587

335,587

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

31,677

8.	RELATED PARTY DISCLOSURES

In the other creditors, the company is owing £148,623.93 in the form of director's loan at YE 31/03/2025, £86,188.48 owed to Smalley Ms J A and £62,435.45 owed to Ennis Ms K E .

This Figure was £150,143.25 at YE 31/03/2024 with £86,133.98 owed to Smalley Ms J A and £67,226.38 owed to Ennis Ms K E.