Letts Swimming Pools Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1452184

Letts Swimming Pools Ltd

Filleted Unaudited Financial Statements

31 December 2025

Letts Swimming Pools Ltd

Financial Statements

Year Ended 31st December 2025

Contents	Pages

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2 to 3

Notes to the Financial Statements	4 to 8

Letts Swimming Pools Ltd

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Letts Swimming Pools Ltd

Year Ended 31st December 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st December 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

PEYTON TYLER MEARS Chartered accountants

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

6 July 2026

Letts Swimming Pools Ltd

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5	888,560	912,055
Investments	6	1	1
		---------	---------
		888,561	912,056

Current Assets

Stocks		95,510	134,511
Debtors	7	120,090	179,138
Cash at bank and in hand		76,172	16,035
		---------	---------
		291,772	329,684

Creditors: amounts falling due within one year	8	546,939		468,323
		---------		---------
Net Current Liabilities			255,167	138,639
			---------	---------
Total Assets Less Current Liabilities			633,394	773,417

Creditors: amounts falling due after more than one year	9		202,566	355,938

Provisions

Taxation including deferred tax	19,944	25,817
	---------	---------
Net Assets	410,884	391,662
	---------	---------

Capital and Reserves

Called up share capital	1,000	1,000
Profit and loss account	409,884	390,662
	---------	---------
Shareholders Funds	410,884	391,662
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st December 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Letts Swimming Pools Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 6 July 2026 , and are signed on behalf of the board by:

P. Letts
Director

Company registration number: 1452184

Letts Swimming Pools Ltd

Notes to the Financial Statements

Year Ended 31st December 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Solar penals	-	10% straight line
Tools and implements	-	25% Reducing Balance
Office equipment	-	25% Reducing Balance
Motor vehicles	-	25% Reducing Balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in Associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in Joint Ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 8 ).

5. Tangible Assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st January 2025	808,786	33,128	22,866	167,821	1,032,601
Additions	7,938	–	–	1,000	8,938
Disposals	–	–	–	( 23,030)	( 23,030)
	---------	--------	--------	---------	------------
At 31st December 2025	816,724	33,128	22,866	145,791	1,018,509
	---------	--------	--------	---------	------------
Depreciation
At 1st January 2025	–	25,948	22,661	71,937	120,546
Charge for the year	794	1,816	52	22,371	25,033
Disposals	–	–	–	( 15,630)	( 15,630)
	---------	--------	--------	---------	------------
At 31st December 2025	794	27,764	22,713	78,678	129,949
	---------	--------	--------	---------	------------
Carrying amount
At 31st December 2025	815,930	5,364	153	67,113	888,560
	---------	--------	--------	---------	------------
At 31st December 2024	808,786	7,180	205	95,884	912,055
	---------	--------	--------	---------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1st January 2025 and 31st December 2025	1
	----
Impairment
At 1st January 2025 and 31st December 2025	–
	----

Carrying amount
At 31st December 2025	1
	----
At 31st December 2024	1
	----

The company holds more than 20% of the issued share capital of the companies listed below,

Subsidiary undertakings

Name

Letts Swim Limited 100%

On the 28th October 2020 the company acquired the entire share capital of Letts Swim Limited, A members only, private access swimming pool, located in Hadleigh, Suffolk.

Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so.

7. Debtors

	2025	2024
	£	£
Trade debtors	118,245	171,752
Other debtors	1,845	7,386
	---------	---------
	120,090	179,138
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	48,991	49,214
Trade creditors	158,664	166,241
Amounts owed to group undertakings and undertakings in which the company has a participating interest	91,122	67,964
Corporation tax	51,815	16,358
Social security and other taxes	91,234	129,605
Other creditors	105,113	38,941
	---------	---------
	546,939	468,323
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	74,539	119,430
Other Loan	90,000	175,000
Other creditors	38,027	61,508
	---------	---------
	202,566	355,938
	---------	---------