Company Registration No. 06929524 (England and Wales)
Island Lettings Limited
Unaudited accounts
for the year ended 31 March 2026
Island Lettings Limited
Unaudited accounts
Contents
Island Lettings Limited
Company Information
for the year ended 31 March 2026
Directors
Mark Burton
Brett Gillingham
Hugh Stephens
Sarah Wratten
Simon Wratten
Company Number
06929524 (England and Wales)
Registered Office
The Observatory
Westridge Business Park
Ryde
Isle of Wight
PO33 1FX
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Island Lettings Limited
Statement of financial position
as at 31 March 2026
Intangible assets
191,531
191,531
Cash at bank and in hand
19,957
30,318
Creditors: amounts falling due within one year
(91,669)
(92,746)
Net current liabilities
(3,971)
(741)
Net assets
187,560
190,790
Called up share capital
64
64
Profit and loss account
187,496
190,726
Shareholders' funds
187,560
190,790
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
Mark Burton
Director
Company Registration No. 06929524
Island Lettings Limited
Notes to the Accounts
for the year ended 31 March 2026
Island Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 06929524. The registered office is The Observatory, Westridge Business Park, Ryde, Isle of Wight, PO33 1FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2025
20,000
191,531
211,531
At 31 March 2026
20,000
191,531
211,531
At 1 April 2025
20,000
-
20,000
At 31 March 2026
20,000
-
20,000
At 31 March 2026
-
191,531
191,531
At 31 March 2025
-
191,531
191,531
Island Lettings Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
17,187
23,045
40,232
At 31 March 2026
17,187
23,045
40,232
At 1 April 2025
17,187
23,045
40,232
At 31 March 2026
17,187
23,045
40,232
Amounts falling due within one year
Trade debtors
41,885
37,191
Accrued income and prepayments
4,286
3,088
Other debtors
21,570
21,408
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
5,967
1,645
Taxes and social security
35,175
37,923
Loans from directors
28,205
30,505
8
Average number of employees
During the year the average number of employees was 9 (2025: 9).