Finest Letting Limited

Finest Letting Limited
Contents Page
For the year ended 31 August 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Registered Number: 10520920 Finest Letting Limited
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	81,440	93,853
		81,440	93,853
Current assets
Debtors		747,295	1,331,053
Cash at bank and in hand		621,291	972,724
		1,368,586	2,303,777
Creditors: amount falling due within one year		(1,108,273)	(1,850,412)
Net current assets		260,313	453,365

Total assets less current liabilities		341,753	547,218
Creditors: amount falling due after more than one year		(14,099)	(19,845)
Net assets		327,654	527,373

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		327,554	527,273
Shareholders' funds		327,654	527,373

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:

-------------------------------
J Zhang
Director

1

Finest Letting Limited
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

Finest Letting Limited is a company limited by shares and is incorporated in England and Wales. The address of the registered office is Unit 25, Cannon Park Shopping Centre, Lynchgate Road, Coventry, CV4 7EH. The nature of the company's operations and its principal activity was that of a property rental and management business.

1.

Accounting policies

Significant accounting policies

The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 August each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.

Turnover

Turnover comprises rental income and service charge income receivable during the period.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	20% Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Computer Equipment	20% Straight Line

2.	Employees and Directors Average number of employees during the year was 11 (2024 : 12).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 September 2024	44,990	47,999	77,339	13,994	184,322
Additions	-	-	-	7,737	7,737
Disposals	-	-	-	-	-
At 31 August 2025	44,990	47,999	77,339	21,731	192,059
Depreciation
At 01 September 2024	21,903	23,423	22,993	17,517	85,836
Charge for year	8,998	4,916	10,869	-	24,783
On disposals	-	-	-	-	-
At 31 August 2025	30,901	28,339	33,862	17,517	110,619
Net book values
Closing balance as at 31 August 2025	14,089	19,660	43,477	4,214	81,440
Opening balance as at 01 September 2024	23,087	24,576	45,495	695	93,853

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

2

Registered Number: 10520920
England and Wales
Abridged Accounts

for the year ended 31 August 2025
for
FINEST LETTING LIMITED