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Registration number: 14465419

Affordable Let Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Affordable Let Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Affordable Let Limited

(Registration number: 14465419)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 748 | 642
Investment property | 5 | 3,249,473 | 3,249,473
|  | 3,250,221 | 3,250,115
Current assets |  |  |
Debtors | 6 | 20,244 | 4,723
Cash at bank and in hand |  | 440,462 | 117,728
|  | 460,706 | 122,451
Creditors: Amounts falling due within one year | 7 | (153,073) | (182,719)
Net current assets/(liabilities) |  | 307,633 | (60,268)
Total assets less current liabilities |  | 3,557,854 | 3,189,847
Creditors: Amounts falling due after more than one year | 7 | (1,644,383) | (1,241,303)
Net assets |  | 1,913,471 | 1,948,544
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Share premium reserve |  | 1,973,974 | 1,973,974
Profit and loss account |  | (60,603) | (25,530)
Shareholders' funds |  | 1,913,471 | 1,948,544

Affordable Let Limited

(Registration number: 14465419)
Balance Sheet as at 30 November 2025

For the financial 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.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 21 July 2026 and signed on its behalf by:

Mr R Kibuka-Musoke
Director

Mrs D Kibuka-Musoke
Director

Affordable Let Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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:
5 Daniel Close
Chafford Hundred
Grays
Essex
RM16 6PR

2 | Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The presentation currency is sterling.
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.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
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.

Tangible assets

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

Affordable Let Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 25% straight line

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.
Debtors are recognised at the transaction price. 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.

Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis.

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.

3 | Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

Affordable Let Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Plant and equipment £ | Total £
Cost
At 1 December 2024 | 1,100 | 1,100
Additions | 399 | 399
At 30 November 2025 | 1,499 | 1,499
Depreciation
At 1 December 2024 | 458 | 458
Charge for the year | 293 | 293
At 30 November 2025 | 751 | 751
Net book value
At 30 November 2025 | 748 | 748
At 30 November 2024 | 642 | 642

5 | Investment properties

| 2025 £ | 2024 £
At 1 December | 3,249,473 | 3,012,440
Additions | - | 237,033
At 30 November | 3,249,473 | 3,249,473

The directors have reviewed the market value of the properties using current market data for similar properties in the same areas and consider that there is no significant change at the balance sheet date.

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 18,613 | 3,534
Prepayments | 1,631 | 1,189
| 20,244 | 4,723

Affordable Let Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 556 | -
Taxation and social security | - | 385
Other creditors | 3,588 | 3,573
Other loans | 145,854 | 175,686
Accruals | 3,075 | 3,075
| 153,073 | 182,719

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Bank loans | 1,644,383 | 1,241,303
| 1,644,383 | 1,241,303

Creditors include mortgages which are secured against the properties they relate to or by negative pledges against the assets of the company in the sum of £1,644,383 (2024 - £1,241,303). The total sum is repayable after more than five years other than by instalments.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Class A of £0.01 each | 6,895 | 68.95 | 6,895 | 68.95
Ordinary Class B of £0.01 each | 2,955 | 29.55 | 2,955 | 29.55
Ordinary Class C of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class D of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class E of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class F of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class G of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class H of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class I of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class J of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class K of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class L of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class M of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class N of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class O of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class P of £0.01 each | 10 | 0.10 | 10 | 0.10
Ordinary Class Q of £0.01 each | 10 | 0.10 | 10 | 0.10
| 10,000 | 100.00 | 10,000 | 100.00

Affordable Let Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9 | 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 £10,438 (2023 - £15,733).

10 | Related party transactions

Directors loans
The directors provided the company with loans on which no interest was charged.