Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr J A Watts 28/05/2013 10 March 2026 The principal activity of the company during the financial year was the provision of online services to the letting industry. SC450219 2025-03-31 SC450219 bus:Director1 2025-03-31 SC450219 core:CurrentFinancialInstruments 2025-03-31 SC450219 core:CurrentFinancialInstruments 2024-03-31 SC450219 2024-03-31 SC450219 core:Non-currentFinancialInstruments 2025-03-31 SC450219 core:Non-currentFinancialInstruments 2024-03-31 SC450219 core:ShareCapital 2025-03-31 SC450219 core:ShareCapital 2024-03-31 SC450219 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC450219 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC450219 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 SC450219 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 SC450219 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2025-03-31 SC450219 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2024-03-31 SC450219 bus:OrdinaryShareClass1 2025-03-31 SC450219 2024-04-01 2025-03-31 SC450219 bus:FilletedAccounts 2024-04-01 2025-03-31 SC450219 bus:SmallEntities 2024-04-01 2025-03-31 SC450219 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC450219 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC450219 bus:Director1 2024-04-01 2025-03-31 SC450219 2023-04-01 2024-03-31 SC450219 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC450219 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC450219 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC450219 (Scotland)

# LETTING SERVICES ONLINE LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

LETTING SERVICES ONLINE LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

LETTING SERVICES ONLINE LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
LETTING SERVICES ONLINE LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 21,943 |  | 39,480
Cash at bank and in hand |  | 23,619 |  | 27,543
|  | 45,562 |  | 67,023
Creditors: amounts falling due within one year | 4 | ( 30,143) |  | ( 46,849)
Net current assets |  | 15,419 |  | 20,174
Total assets less current liabilities |  | 15,419 |  | 20,174
Creditors: amounts falling due after more than one year | 5 | ( 6,125) |  | ( 11,356)
Net assets |  | 9,294 |  | 8,818
Capital and reserves |  |  |  |
Called-up share capital | 6 | 2 |  | 2
Profit and loss account |  | 9,292 |  | 8,816
Total shareholder's funds |  | 9,294 |  | 8,818

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Letting Services Online Limited (registered number: SC450219) were approved and authorised for issue by the Director on 10 March 2026. They were signed on its behalf by:

Mr J A Watts Director |

LETTING SERVICES ONLINE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
LETTING SERVICES ONLINE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Letting Services Online Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 26 Dublin Street, Edinburgh, EH3 6NN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 780 |  | 780
Amounts owed by related parties | 20,825 |  | 38,700
Other debtors | 338 |  | 0
| 21,943 |  | 39,480

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,188 |  | 5,064
Trade creditors | 478 |  | 613
Taxation and social security | 112 |  | 1,797
Other creditors | 24,365 |  | 39,375
| 30,143 |  | 46,849

#### 5. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 6,044 |  | 11,356
Amounts owed to related parties | 81 |  | 0
| 6,125 |  | 11,356

There are no amounts included above in respect of which any security has been given by the small entity.

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 7. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due from related companies | 20,825 |  | 38,700
Amounts due to related companies | 81 |  | 0

There are no set terms of repayment on the amounts owed to and from related parties. Also these loans are interest free.