Company Registration No. 13156662 (England and Wales)
REDS PROPERTY LETTINGS LTD
Unaudited accounts
for the year ended 31 March 2026
REDS PROPERTY LETTINGS LTD
Unaudited accounts
Contents
REDS PROPERTY LETTINGS LTD
Company Information
for the year ended 31 March 2026
Company Number
13156662 (England and Wales)
Registered Office
43 THE RINGWAY
QUENIBOROUGH
LEICESTER
LE7 3DN
ENGLAND
Accountants
AJD Accountancy Services Ltd
The Bungalow
Coppice Lane
Queniborough
Leicester
LE7 3DR
REDS PROPERTY LETTINGS LTD
Statement of financial position
as at 31 March 2026
Investment property
550,062
390,000
Cash at bank and in hand
12,363
123,401
Creditors: amounts falling due within one year
(173,125)
(179,608)
Net current liabilities
(159,460)
(54,746)
Total assets less current liabilities
391,387
335,769
Creditors: amounts falling due after more than one year
(160,304)
(160,304)
Provisions for liabilities
Deferred tax
(10,053)
(9,986)
Net assets
221,030
165,479
Called up share capital
100
100
Profit and loss account
220,930
165,379
Shareholders' funds
221,030
165,479
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 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 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 and authorised for issue on 13 May 2026 and were signed on its behalf by
J L Skerritt
Director
Company Registration No. 13156662
REDS PROPERTY LETTINGS LTD
Notes to the Accounts
for the year ended 31 March 2026
REDS PROPERTY LETTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 13156662. The registered office is 43 THE RINGWAY, QUENIBOROUGH, LEICESTER, LE7 3DN, ENGLAND.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
REDS PROPERTY LETTINGS LTD
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
785
245
1,030
At 31 March 2026
785
719
1,504
At 1 April 2025
405
110
515
Charge for the year
95
109
204
At 31 March 2026
500
219
719
At 31 March 2026
285
500
785
At 31 March 2025
380
135
515
Fair value at 1 April 2025
390,000
Revaluation of properties was made by the director taking into account properties sold in the local area and reviewing insurance valuations.
Amounts falling due within one year
Accrued income and prepayments
1,235
1,445
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
16,721
17,958
Loans from directors
151,513
156,201
REDS PROPERTY LETTINGS LTD
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
160,304
160,304
The bank loan is secured on the investment property and is interest only at a rate of 3.09% fixed until March 2027, thereafter it will go to a variable rate.
9
Deferred taxation
2026
2025
Accelerated capital allowances
196
129
Revaluation of investment property
9,857
9,857
Provision at start of year
9,986
7,620
Charged to the profit and loss account
67
2,366
Provision at end of year
10,053
9,986
10
Average number of employees
During the year the average number of employees was 1 (2025: 1).