Caseware UK (AP4) 2025.0.111 2025.0.111 2026-03-31 2026-03-31 2025-04-01 false The company's principal activity during the year continued to be that of property letting and other property related transactions.13 11 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC317107 2025-04-01 2026-03-31 SC317107 2024-04-01 2025-03-31 SC317107 2026-03-31 SC317107 2025-03-31 SC317107 c:Director1 2025-04-01 2026-03-31 SC317107 d:PlantMachinery 2025-04-01 2026-03-31 SC317107 d:PlantMachinery 2026-03-31 SC317107 d:PlantMachinery 2025-03-31 SC317107 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC317107 d:MotorVehicles 2025-04-01 2026-03-31 SC317107 d:MotorVehicles 2026-03-31 SC317107 d:MotorVehicles 2025-03-31 SC317107 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC317107 d:FurnitureFittings 2025-04-01 2026-03-31 SC317107 d:FurnitureFittings 2026-03-31 SC317107 d:FurnitureFittings 2025-03-31 SC317107 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC317107 d:ComputerEquipment 2025-04-01 2026-03-31 SC317107 d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC317107 d:Goodwill 2026-03-31 SC317107 d:Goodwill 2025-03-31 SC317107 d:CurrentFinancialInstruments 2026-03-31 SC317107 d:CurrentFinancialInstruments 2025-03-31 SC317107 d:CurrentFinancialInstruments d:WithinOneYear 2026-03-31 SC317107 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC317107 d:ShareCapital 2026-03-31 SC317107 d:ShareCapital 2025-03-31 SC317107 d:RetainedEarningsAccumulatedLosses 2026-03-31 SC317107 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC317107 c:OrdinaryShareClass1 2025-04-01 2026-03-31 SC317107 c:OrdinaryShareClass1 2026-03-31 SC317107 c:OrdinaryShareClass1 2025-03-31 SC317107 c:FRS102 2025-04-01 2026-03-31 SC317107 c:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC317107 c:FullAccounts 2025-04-01 2026-03-31 SC317107 c:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC317107 e:PoundSterling 2025-04-01 2026-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC317107 1LET LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
1LET LIMITED REGISTERED NUMBER: SC317107 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 14,545 |  | 15,411
|  |  | 14,545 |  | 15,411
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 569,134 |  | 443,865 |
Cash at bank and in hand |  | 204,818 |  | 247,730 |
|  | 773,952 |  | 691,595 |
Creditors: amounts falling due within one year | 6 | (222,957) |  | (265,779) |
Net current assets |  |  | 550,995 |  | 425,816
Total assets less current liabilities |  |  | 565,540 |  | 441,227
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (3,349) |  | (3,571) |
|  |  | (3,349) |  | (3,571)
Net assets |  |  | 562,191 |  | 437,656
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 98 |  | 98
Profit and loss account |  |  | 562,093 |  | 437,558
|  |  | 562,191 |  | 437,656
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1LET LIMITED REGISTERED NUMBER: SC317107 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2026.
K Bell
Director
Company registration number SC317107 (Scotland)
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1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1.Accounting policies
| 1.1 | Company information
1Let Limited is a private company limited by shares incorporated in Scotland. The registered office is 20a Manor Place, Edinburgh, EH3 7DS.
| 1.2 | Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
| 1.3 | Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
| 1.4 | Turnover
Turnover represents commission for property letting services and other property related transactions, and is shown net of VAT. Turnover is recognised when an entitlement to commission arises.
| 1.5 | Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquistion of unincorporated businesses over the fair value of net assets required. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
| 1.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1.Accounting policies (continued)
| 1.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 15% | Straight Line
|  |  |  | Motor vehicles | - | 25% | Straight Line
|  |  |  | Fixtures and fittings | - | 15% | Straight Line
|  |  |  | Computer equipment | - | 33% | Straight Line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.7 | Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
| 1.8 | Financial instruments
The company has elected to apply 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 provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the finanical 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.
| 1.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 1.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1.Accounting policies (continued)
| 1.11 | Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
| 1.12 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 1.13 | Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
| 1.14 | Retirement benefits
Payments to defined contribution retirement benefit schemes are chraged as an expense as they fall due. Page 5
1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1.Accounting policies (continued)
| 1.15 | Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2. | Employees
| The average monthly number of employees, including directors, during the year was 13 (2025 - 11).
3. | Intangible assets
|  | Goodwill
|  | £
| At 1 April 2025 | 21,000
| At 31 March 2026 | 21,000
| At 1 April 2025 | 21,000
| At 31 March 2026 | 21,000
| Net book value |
| At 31 March 2026 | -
| At 31 March 2025 | -
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1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
4. | Tangible fixed assets
|  | Office equipment | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2025 | 29,912 | 3,824 | 12,040 | 45,776
| Additions | 3,262 | 4,610 | 686 | 8,558
| Disposals | (12,479) | (895) | (139) | (13,513)
| At 31 March 2026 | 20,695 | 7,539 | 12,587 | 40,821
| Depreciation |  |  |  |
| At 1 April 2025 | 22,373 | 2,463 | 5,529 | 30,365
| Charge for the year on owned assets | 5,459 | 1,858 | 1,395 | 8,712
| Disposals | (12,326) | (336) | (139) | (12,801)
| At 31 March 2026 | 15,506 | 3,985 | 6,785 | 26,276
| Net book value |  |  |  |
| At 31 March 2026 | 5,189 | 3,554 | 5,802 | 14,545
| At 31 March 2025 | 7,539 | 1,361 | 6,511 | 15,411
5. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 4,828 | 9,964
| Other debtors | 564,306 | 433,901
|  | 569,134 | 443,865
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1LET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 6,989 | 5,017
| Other taxes | 41,844 | 44,012
| Social security and other taxes | 37,038 | 38,184
| Other creditors | 130,502 | 158,476
| Accruals and deferred income | 6,584 | 20,090
|  | 222,957 | 265,779
7. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 98 (2025 - 98) ordinary shares of £1.00 each | 98 | 98
8. | Related party transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 Section 1A appendix C.
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