| AU Lets Ltd |
| Registered number: |
SC705494 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investment property |
4 |
|
|
182,259 |
|
|
182,259 |
|
| Current assets |
| Debtors |
5 |
|
88 |
|
|
- |
| Cash at bank and in hand |
|
|
631 |
|
|
231 |
|
|
|
719 |
|
|
231 |
|
| Creditors: amounts falling due within one year |
6 |
|
(1,814) |
|
|
(2,057) |
|
| Net current liabilities |
|
|
|
(1,095) |
|
|
(1,826) |
|
| Total assets less current liabilities |
|
|
|
181,164 |
|
|
180,433 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(162,505) |
|
|
(169,505) |
|
|
|
| Net assets |
|
|
|
18,659 |
|
|
10,928 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
18,559 |
|
|
10,828 |
|
| Shareholder's funds |
|
|
|
18,659 |
|
|
10,928 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Asrar Un-Nabi |
| Director |
| Approved by the board on 23 July 2026 |
|
| AU Lets Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
| 2 |
Investment properties |
|
|
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which include the purchase price and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss. |
|
|
|
|
| 3 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
|
| Investment |
| property |
| £ |
|
Cost |
|
At 1 April 2025 |
182,259 |
|
|
At 31 March 2026 |
182,259 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
88 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
1,814 |
|
2,057 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
51,355 |
|
51,355 |
|
Other creditors |
111,150 |
|
118,150 |
|
|
|
|
|
|
162,505 |
|
169,505 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
At 31st March 2026, the company owed £ 111,150 (£ 118,150 at 31st March 2025) to a company Paylesstaxes.co.uk Limited, which is under the control of the same shareholder and director, Asrar Un-Nabi. The loan is interest-free and is repayable on demand. |
|
|
| 9 |
Controlling party |
|
|
The company is ultimately controlled by Asrar Un-Nabi, who is the sole shareholder and director of both this company and Paylesstaxes.co.uk Limited. |
|
|
| 10 |
Other information |
|
|
AU Lets Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
46 Court Street |
|
Dundee |
|
DD3 7QT |