CITY PROPERTY LETS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Bamber-Powell

J S Garcia

SECRETARY:

Mrs S M Bamber-Powell

REGISTERED OFFICE:

58 Gloucester Road

Bishopsworth

Bristol

BS7 8BH

REGISTERED NUMBER:

03163138 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Tangible assets

4

20,493

32,814

Investment property

5

780,000

780,000

800,493

812,814

CURRENT ASSETS

Debtors

6

22,550

22,750

Prepayments and accrued income

30

23

Cash at bank

124,486

237,655

147,066

260,428

CREDITORS

Amounts falling due within one year

7

2,371

20,987

NET CURRENT ASSETS

144,695

239,441

TOTAL ASSETS LESS CURRENT LIABILITIES

945,188

1,052,255

PROVISIONS FOR LIABILITIES

8

(146,448

)

(159,972

)

ACCRUALS AND DEFERRED INCOME

(4,344

)

(3,639

)

NET ASSETS

794,396

888,644

CAPITAL AND RESERVES

Called up share capital

80

80

Revaluation reserve

9

535,008

521,484

Capital redemption reserve

9

20

20

Retained earnings

9

259,288

367,060

794,396

888,644

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mrs S M Bamber-Powell - Director

1.	STATUTORY INFORMATION

City Property Lets Ltd 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 amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% 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.

Taxation

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

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 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

55,272

Disposals

(12,196

)

At 31 March 2026

43,076

DEPRECIATION

At 1 April 2025

22,458

Charge for year

8,220

Eliminated on disposal

(8,095

)

At 31 March 2026

22,583

NET BOOK VALUE

At 31 March 2026

20,493

At 31 March 2025

32,814

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

780,000

NET BOOK VALUE

At 31 March 2026

780,000

At 31 March 2025

780,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

22,550

22,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

-

18,214

Other creditors

2,371

2,773

2,371

20,987

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

146,448

159,972

Deferred

tax

£

Balance at 1 April 2025

159,972

Credit to Income Statement during year

(13,524

)

Balance at 31 March 2026

146,448

9.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2025

367,060

521,484

20

888,564

Deficit for the year

(56,248

)

(56,248

)

Dividends

(38,000

)

(38,000

)

Revaluation

(13,524

)

13,524

-

-

At 31 March 2026

259,288

535,008

20

794,316