Company Registration No. 13003434 (England and Wales)
S & C Letting and Developments Ltd
Unaudited accounts
for the year ended 30 November 2025
S & C Letting and Developments Ltd
Unaudited accounts
Contents
S & C Letting and Developments Ltd
Company Information
for the year ended 30 November 2025
Directors
Scott Gregory
Carys McKay
Company Number
13003434 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
S & C Letting and Developments Ltd
Statement of financial position
as at 30 November 2025
Investment property
158,000
-
Cash at bank and in hand
1,330
15,210
Creditors: amounts falling due within one year
(6,766)
(6,766)
Net current assets
15,564
58,444
Total assets less current liabilities
188,564
58,444
Creditors: amounts falling due after more than one year
(117,825)
(4,200)
Provisions for liabilities
Called up share capital
100
100
Capital contribution reserve
29,000
29,000
Profit and loss account
38,789
25,144
Shareholders' funds
67,889
54,244
For the year ending 30 November 2025 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 17 May 2026 and were signed on its behalf by
Scott Gregory
Director
Company Registration No. 13003434
S & C Letting and Developments Ltd
Notes to the Accounts
for the year ended 30 November 2025
S & C Letting and Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13003434. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services and rental income is recognized by reference to the period of occupation.
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.
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
25% Reducing balance
Computer equipment
25% Reducing balance
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.
S & C Letting and Developments Ltd
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
19,000
1,000
20,000
At 30 November 2025
19,000
1,000
20,000
Charge for the year
4,750
250
5,000
At 30 November 2025
4,750
250
5,000
At 30 November 2025
14,250
750
15,000
At 30 November 2025
158,000
The property known as:
12, Seven Street, Lincoln, LN1 1SJ United Kingdom was purchased on the open market for £158,000
The property has gone through a renovation process, but to date has not been revalued in these financial statements.
It is expected that a revaluation will be carried out by a qualified professional in the following period.
Amounts falling due after more than one year
Other debtors
21,000
50,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
311
-
Taxes and social security
820
5,903
Loans from directors
4,945
173
S & C Letting and Developments Ltd
Notes to the Accounts
for the year ended 30 November 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
5,350
4,200
Deposits held from tenants while under occupation of some £5,350
BTL morgage loan of some £112,475 against 112 Seven Street, Lincoln, UK
A chsarge is registered at companies house in favour of:
One savings Bank PLC Trading as Kent Reliance Banking Services, Kent Reliance and Krbs
Against 12 Seven Street, Lincoln, UK
9
Deferred taxation
2025
2024
Accelerated capital allowances
2,850
-
Charged to the profit and loss account
2,850
-
Provision at end of year
2,850
-
A deferred taxation reserve has been created of some £2,850 due to to accelerated capital allowances.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).