REGISTERED NUMBER: 08545249 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Sykes Letting Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Sykes

C D Sykes

REGISTERED OFFICE:

The White House

Rareridge Lane

Bishops Waltham

Hampshire

SO32 1DX

REGISTERED NUMBER:

08545249 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Tangible assets

4

16,275

16,305

Investment property

5

1,250,000

1,250,000

1,266,275

1,266,305

CURRENT ASSETS

Debtors

6

1,968

2,340

Cash at bank

12,354

19,447

14,322

21,787

CREDITORS

Amounts falling due within one year

7

291,260

321,188

NET CURRENT LIABILITIES

(276,938

)

(299,401

)

TOTAL ASSETS LESS CURRENT LIABILITIES

989,337

966,904

CREDITORS

Amounts falling due after more than one year

8

(365,260

)

(363,831

)

PROVISIONS FOR LIABILITIES

(91,200

)

(92,400

)

NET ASSETS

532,877

510,673

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

532,873

510,669

SHAREHOLDERS' FUNDS

532,877

510,673

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

C D Sykes - Director

1.	STATUTORY INFORMATION

Sykes Letting Solutions 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has considered and applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, cash and bank balances and loans to fellow group companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted as at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rental income

Rental income derives from an operating lease and is recognised on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

3,166

25,991

29,157

Additions

650

2,180

2,830

Disposals

-

(359

)

(359

)

At 31 March 2026

3,816

27,812

31,628

DEPRECIATION

At 1 April 2025

1,323

11,529

12,852

Charge for year

351

2,313

2,664

Eliminated on disposal

-

(163

)

(163

)

At 31 March 2026

1,674

13,679

15,353

NET BOOK VALUE

At 31 March 2026

2,142

14,133

16,275

At 31 March 2025

1,843

14,462

16,305

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,250,000

Additions

4,770

Revaluations

(4,770

)

At 31 March 2026

1,250,000

NET BOOK VALUE

At 31 March 2026

1,250,000

At 31 March 2025

1,250,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

1,250,000

The directors have fair valued the investment properties held based on the value of similar properties in the vicinity taking into account the condition of the properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

682

519

Other debtors

1,286

1,821

1,968

2,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

8,443

16,046

Taxation and social security

6,752

5,315

Other creditors

276,065

299,827

291,260

321,188

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

299,260

297,831

Other creditors

66,000

66,000

365,260

363,831

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

299,260

297,831

Repayable by instalments

Other loans more 5yrs instal

66,000

66,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

299,260

297,831

The bank mortgage is secured against the related freehold property.