REGISTERED NUMBER: 07067232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Steve Chadwick Residential Lettings

Limited

T/A

Martin & Co (Hinckley)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Chadwick

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

07067232 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

78,565

89,674

Tangible assets

5

3,175

61,831

81,740

151,505

CURRENT ASSETS

Debtors

6

46,220

36,364

Cash at bank

58,505

7,440

104,725

43,804

CREDITORS

Amounts falling due within one year

7

(100,232

)

(144,489

)

NET CURRENT ASSETS/(LIABILITIES)

4,493

(100,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,233

50,820

PROVISIONS FOR LIABILITIES

(794

)

(5,028

)

NET ASSETS

85,439

45,792

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

-

12,209

Retained earnings

85,339

33,483

SHAREHOLDERS' FUNDS

85,439

45,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2026 and were signed by:

S A Chadwick - Director

1.	STATUTORY INFORMATION

Steve Chadwick Residential Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of several businesses in 2012, 2015 and 2018 are being amortised evenly over its estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

The value of the Long leasehold asset is assessed annually and carried at fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

Goodwill

fee

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

252,171

18,500

270,671

AMORTISATION

At 1 April 2025

162,497

18,500

180,997

Amortisation for year

11,109

-

11,109

At 31 March 2026

173,606

18,500

192,106

NET BOOK VALUE

At 31 March 2026

78,565

-

78,565

At 31 March 2025

89,674

-

89,674

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

58,000

13,484

21,880

5,806

99,170

Additions

-

-

-

2,509

2,509

Disposals

(58,000

)

(9,862

)

-

(2,449

)

(70,311

)

At 31 March 2026

-

3,622

21,880

5,866

31,368

DEPRECIATION

At 1 April 2025

-

11,250

20,322

5,767

37,339

Charge for year

-

81

389

867

1,337

Eliminated on disposal

-

(8,034

)

-

(2,449

)

(10,483

)

At 31 March 2026

-

3,297

20,711

4,185

28,193

NET BOOK VALUE

At 31 March 2026

-

325

1,169

1,681

3,175

At 31 March 2025

58,000

2,234

1,558

39

61,831

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

5,160

Other debtors

46,220

31,204

46,220

36,364

Other debtors includes prepayments and accrued income of £874 (2025: £1,827).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

4,130

5,393

Taxation and social security

42,980

59,276

Other creditors

53,122

79,820

100,232

144,489

Other creditors includes accruals and deferred income of £7,757 (2025: £7,161).