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Company registration number:
11995955
M.I.Lettings Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2025
M.I.Lettings Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of M.I.Lettings Ltd
Year ended
31 July 2025
As described on the statement of financial position, the Board of Directors of
M.I.Lettings Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 July 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Lark Accounting Limited
32 Davies Drive
Devizes
SN10 2RL
United Kingdom
Date:
6 March 2026
M.I.Lettings Ltd
Statement of Financial Position
31 July 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 610,495 |  | 443,532 |
Current assets |  |  |  |  |
Debtors | 6 | 4,136 |  | 4,136 |
Cash at bank and in hand |  | 65,567 |  | 90,584 |
|  | 69,703 |  | 94,720 |
Creditors: amounts falling due within one year | 7 | (733,656 | ) | (585,057 | )
Net current liabilities |  | (663,953 | ) | (490,337 | )
Total assets less current liabilities |  | (53,458 | ) | (46,805 | )
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | (53,558 | ) | (46,905 | )
Shareholders deficit |  | (53,458 | ) | (46,805 | )

For the year ending
31 July 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
6 March 2026
, and are signed on behalf of the board by:

M Savickas
Director

Company registration number:
11995955
M.I.Lettings Ltd
Notes to the Financial Statements
Year ended
31 July 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34 Cabell Court
,
Frome
,
BA11 4BX
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Impairment

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.

## 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 and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

## 5 Tangible assets

| Land and buildings
--- | ---
| £
Cost |  |
At 1 August 2024 | 443,532 |
Additions | 166,963 |
At 31 July 2025 | 610,495 |
Depreciation |  |
At 1 August 2024 and 31 July 2025 | - |
Carrying amount |  |
At 31 July 2025 | 610,495 |
At 31 July 2024 | 443,532 |

The properties are included at historical cost and the directors will undertake regular valuations and any material change in value will be stated in the accounts. At present the directors consider the historical value reflects the current value of the properties.

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 4,136 |  | 4,136 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 498,920 |  | 324,625 |
Other creditors | 234,736 |  | 260,432 |
| 733,656 |  | 585,057 |

the bank loans represents interest only mortgages made to the company by various financial institutions who all have a charge over the property against which the loan was made.

## 8 Directors' advances, credit and guarantees

The directors have made loans to the company which have no terms as to their repayment, the amount of the loan outstanding at the year end was £230,842 (2023 £255,022)