Company registration number 14658296 (England and Wales)
G.S.MIDCENTURYLETTINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
G.S.MIDCENTURYLETTINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
G.S.MIDCENTURYLETTINGS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
3
890,825
891,755
Current assets
Debtors
4
8,683
8,803
Cash at bank and in hand
1,350
3,095
10,033
11,898
Creditors: amounts falling due within one year
5
(539,756)
(600,972)
Net current liabilities
(529,723)
(589,074)
Total assets less current liabilities
361,102
302,681
Creditors: amounts falling due after more than one year
6
(365,955)
(298,755)
Net (liabilities)/assets
(4,853)
3,926
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(4,854)
3,925
Total equity
(4,853)
3,926
For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 September 2026
Dr G Stewart
Director
Company registration number 14658296 (England and Wales)
G.S.MIDCENTURYLETTINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information
G.S.MidCenturyLettings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.
1.1
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” (“FRS 102”) 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 modified to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet 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.
1.3
Turnover
Turnover represents income from investment property and is derived from ordinary activities.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2026
2025
Number
Number
Total
1
1
G.S.MIDCENTURYLETTINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
3
Investment property
2026
£
Fair value
At 1 March 2025
891,755
Disposals
(930)
At 28 February 2026
890,825
Investment property comprises one property. The fair value of the property has been assessed by the directors at the period end taking into account current market conditions.
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
8,683
8,803
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
126
Amounts owed to group undertakings
79,180
61,580
Taxation and social security
837
Other creditors
460,450
538,555
539,756
600,972
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
365,955
298,755
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
365,955
298,755
The loan is secured against the company's investment property.