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Registered number: 12779433
Onion Property Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
iLex Accountancy Services Ltd
Unit 1 & 2 Steadings
Maisemore
Gloucester
Gloucestershire
GL2 8EY
Onion Property Lettings Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Onion Property Lettings Ltd
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 12779433

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 62
|  |  | - |  | 62
CURRENT ASSETS
Debtors | 5 | 86,088 |  | 90,266 |
Cash at bank and in hand |  | 2,906 |  | 4,441 |
|  | 88,994 |  | 94,707 |
Creditors: Amounts Falling Due Within One Year | 6 | (132,553 ) |  | (132,464 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (43,559 ) |  | (37,757 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (43,559 ) |  | (37,695 )
NET LIABILITIES |  |  | (43,559 ) |  | (37,695 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | (43,659 ) |  | (37,795 )
SHAREHOLDERS' FUNDS |  |  | (43,559) |  | (37,695)

Page 1
Page 2
Onion Property Lettings Ltd
Balance Sheet (continued)
As At 31 July 2025
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Paul Lewis Director
12/03/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Onion Property Lettings Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Onion Property Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12779433 . The registered office is Units 1 & 2 Steadings Business Centre, Maisemore, Gloucester, Gloucestershire, GL2 8EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded
to the nearest Pound.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and
assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the
revision and future periods if the revision affects both current and future periods.
Judgements
No significant judgements have been made by management in preparing these financial statements.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements
other than those detailed in these accounting policies.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Straight Line

Page 3
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Onion Property Lettings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.5. Financial Instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as
financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any
component that creates a financial liability of the company is presented as a liability on the balance sheet. The
corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss
account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for
those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which
is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing
transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured
at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date.
If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below. A
non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred
after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an
asset is the higher of its fair value less costs to sell and its value in use. Where indicators exist for a decrease in
impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an
individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount
higher than the carrying value had no impairment been recognised. For financial assets carried at amortised cost, the
amount of an impairment is the difference between the asset's carrying amount and the present value of estimated
future cash flows, discounted at the financial asset's original effective interest rate. For financial assets carried at cost
less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of
the amount that would be received for the asset if it were to be sold at the reporting date. Where indicators exist for a
decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment
was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an
individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying
amount higher than the carrying value had no impairment been recognised.
2.6. Trade debtots
Trade debtors are amounts due from customers for goods sold in the ordinary course of business. Trade debtors are
recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at
the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established
when there is objective evidence that the company will not be able to collect all amounts due according to the original
terms of the debtors.
2.7. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional
right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the
reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting
date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are
included at the undiscounted amount of cash expected to be paid.
2.8. Share capital
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and
the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 4
Page 5
Onion Property Lettings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 August 2024 | 1,818
As at 31 July 2025 | 1,818
Depreciation
As at 1 August 2024 | 1,756
Provided during the period | 62
As at 31 July 2025 | 1,818
Net Book Value
As at 31 July 2025 | -
As at 1 August 2024 | 62

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,488 |  | 2,599
Other debtors | 83,600 |  | 87,667
| 86,088 |  | 90,266

Included in other debtors at 31 July 2025 is a balance of £82,062 (2024 - £85,790) due to related parties of the company. These balances are interest free and have no fixed repayment terms.
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,606 |  | 194
Other creditors | 130,947 |  | 132,270
| 132,553 |  | 132,464

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Called up share capital
This represents the nominal value of the issued equity share capital of the company.
Profit and loss account
This represents the cumulative profits or losses, net of dividends paid and other adjustments.
Page 5