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Registration number: 12421596

Lets Manage South Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 January 2026

Lets Manage South Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 11

Lets Manage South Limited

(Registration number: 12421596)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 336,169 | 266,632
Investments | 5 | 101 | -
|  | 336,270 | 266,632
Current assets |  |  |
Stocks | 6 | 12,154 | 24,308
Debtors | 7 | 1,895,080 | 920,557
Cash at bank and in hand |  | 139,852 | 280,890
|  | 2,047,086 | 1,225,755
Creditors: Amounts falling due within one year | 8 | (792,097) | (510,354)
Net current assets |  | 1,254,989 | 715,401
Total assets less current liabilities |  | 1,591,259 | 982,033
Creditors: Amounts falling due after more than one year | 8 | (198,111) | (146,279)
Provisions for liabilities |  | (63,692) | (64,868)
Net assets |  | 1,329,456 | 770,886
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,329,356 | 770,786
Shareholders' funds |  | 1,329,456 | 770,886

Lets Manage South Limited

(Registration number: 12421596)
Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 July 2026 and signed on its behalf by:

Mr J Blinman Director |  |

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Freshford House
Redcliffe Way
Bristol
Avon
BS1 6NL

These financial statements were authorised for issue by the Board on 7 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the company's activities.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Finance income and costs policy

Finance income and expenses are recognised using the effective interest method.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Asset class | Depreciation method and rate
Motor Vehicles | 25 % Reducing balance or over the lease term
Plant and Machinery | 25 % Reducing balance or over the lease term

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 subsequently measured at amortised cost using the effective interest method.

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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.

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 7 (2025 - 4).

4 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost
At 1 February 2025 | 234,173 | 96,408 | 330,581
Additions | 103,206 | 79,401 | 182,607
Disposals | (19,750) | - | (19,750)
At 31 January 2026 | 317,629 | 175,809 | 493,438
Depreciation
At 1 February 2025 | 19,713 | 44,236 | 63,949
Charge for the year | 69,121 | 33,997 | 103,118
Eliminated on disposal | (9,798) | - | (9,798)
At 31 January 2026 | 79,036 | 78,233 | 157,269
Carrying amount
At 31 January 2026 | 238,593 | 97,576 | 336,169
At 31 January 2025 | 214,460 | 52,172 | 266,632

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 101 | -

Subsidiaries | £
Cost
Additions | 101
Carrying amount
At 31 January 2026 | 101

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Claim Repairs Limited | Freshford House, Redcliffe Way, Bristol, United Kingdom, BS1 6NL England and Wales | Ordinary | 100% | 0%
Easy Aggregate Ltd | Freshford House, Redcliffe Way, Bristol, England, BS1 6NL England and Wales | Ordinary | 100% | 0%

6 | Stocks

| 2026 £ | 2025 £
Other inventories | 12,154 | 24,308

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7 | Debtors

| Note | 2026 £ | 2025 £
Trade debtors |  | 516,979 | 412,843
Amounts owed by related parties | 11 | 1,299,002 | 498,768
Other debtors |  | 18,193 | 6,205
Prepayments |  | 2,906 | 2,741
Accrued income |  | 58,000 | -
|  | 1,895,080 | 920,557

8 | Creditors

Due within one year | Note | 2026 £ | 2025 £
Loans and borrowings | 9 | 118,871 | 98,213
Trade creditors |  | 48,828 | 57,601
Amounts due to related parties | 11 | 55,547 | 1,276
Social security and other taxes |  | 219,942 | 114,002
Other creditors |  | 29,681 | 42,390
Accruals |  | 38,280 | 40,557
Corporation tax liability |  | 280,948 | 156,315
|  | 792,097 | 510,354
Due after one year |  |  |
Loans and borrowings | 9 | 198,111 | 146,279

9 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank overdrafts | 45,267 | 31,294
Hire purchase contracts | 73,604 | 66,919
| 118,871 | 98,213

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Non-current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | 198,111 | 146,279

Obligations under hire purchase contracts are secured against the assets to which they relate.
Bank overdrafts are secured by fixed and floating charges over the assets of the company.

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,721 (2025 - £15,665).

Amounts disclosed in the balance sheet

Included in the balance sheet are outstanding pension liabilities of £672 (2025 - £624).

11 | Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1AC.35, not to disclose related party transactions with other wholly owned members of the group.

Loans from related parties

Terms of loans from related parties

Loans with key management and other related parties are interest free and repayable on demand.

2026 | Key management £ | Total £
At start of period | 1,276 | 1,276
Advanced | 14,099 | 14,099
Repaid | (3,669) | (3,669)
At end of period | 11,706 | 11,706

2025 | Key management £ | Total £
Advanced | 1,276 | 1,276
At end of period | 1,276 | 1,276

Lets Manage South Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Loans to related parties

Terms of loans to related parties

Other related parties are related by virtue of their common ownership.
Loans with key management and other related parties are interest free and repayable on demand.

2026 | Key management £ | Other related parties £ | Total £
At start of period | 62,858 | 434,650 | 497,508
Advanced | 1,393,192 | 739,956 | 2,133,148
Repaid | (1,331,654) | - | (1,331,654)
At end of period | 124,396 | 1,174,606 | 1,299,002

2025 | Key management £ | Other related parties £ | Total £
At start of period | 118,839 | 254,966 | 373,805
Advanced | 3,758,296 | 214,953 | 3,973,249
Repaid | (3,814,277) | (35,269) | (3,849,546)
At end of period | 62,858 | 434,650 | 497,508