Company registration number 15312972 (England and Wales)
ITSYOURPLACE LETTINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ITSYOURPLACE LETTINGS LTD
COMPANY INFORMATION
Directors
Ms K Houghton
Mr R N Essling
Company number
15312972
Registered office
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
ITSYOURPLACE LETTINGS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
ITSYOURPLACE LETTINGS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ITSYOURPLACE LETTINGS LTD FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of itsyourplace Lettings Ltd for the year ended 31 March 2026 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of itsyourplace Lettings Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of itsyourplace Lettings Ltd and state those matters that we have agreed to state to the Board of Directors of itsyourplace Lettings Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than itsyourplace Lettings Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that itsyourplace Lettings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of itsyourplace Lettings Ltd. You consider that itsyourplace Lettings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of itsyourplace Lettings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
14 September 2026
ITSYOURPLACE LETTINGS LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,780
6,375
Current assets
Debtors
5
139,932
50,635
Cash at bank and in hand
129
23
140,061
50,658
Creditors: amounts falling due within one year
6
(9,831)
(3,860)
Net current assets
130,230
46,798
Net assets
135,010
53,173
Capital and reserves
Called up share capital
6
6
Profit and loss reserves
135,004
53,167
Total equity
135,010
53,173

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements 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 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 September 2026 and are signed on its behalf by:
Ms K  Houghton
Mr R N Essling
Director
Director
Company registration number 15312972 (England and Wales)
ITSYOURPLACE LETTINGS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 28 November 2023
-
0
-
0
-
0
-
Period ended 31 March 2025:
Loss and total comprehensive income
-
-
(84,510)
(84,510)
Issue of share capital
6
137,677
-
137,683
Reduction of shares
-
0
-
0
137,677
137,677
Other movements
-
(137,677)
-
(137,677)
Balance at 31 March 2025
6
-
0
53,167
53,173
Year ended 31 March 2026:
Profit and total comprehensive income
-
-
81,837
81,837
Balance at 31 March 2026
6
-
0
135,004
135,010
ITSYOURPLACE LETTINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

itsyourplace Lettings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Victoria House, 178-180 Fleet Road, Fleet, Hampshire, GU51 4DA.

1.1
Reporting period

The company was incorporated on 28 November 2023 and the directors decided that the company should have a March year end in line with itsyourplace Limited, a company under common ownership. Therefore, the prior period financial statements covered a period of more than one year. As a result, the comparative amounts presented in the financial statements are not entirely comparable.

1.2
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover relates to property lettings management services provided in the normal course of business and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in line with the performance of these services.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

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.

ITSYOURPLACE LETTINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

Basic financial assets

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Basic financial liabilities

Creditors are not interest bearing and are included at their nominal value.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2

Excluding the directors, the company has no direct employees. itsyourplace Lettings Ltd utilises staff employed by itsyourplace Limited, a company under common control, for the conduct of its operations, the costs of which are recharged to the company.

ITSYOURPLACE LETTINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Tangible fixed assets
Computers
£
Cost
At 1 April 2025 and 31 March 2026
8,500
Depreciation and impairment
At 1 April 2025
2,125
Depreciation charged in the year
1,595
At 31 March 2026
3,720
Carrying amount
At 31 March 2026
4,780
At 31 March 2025
6,375
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
139,932
50,635
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
133
-
0
Corporation tax
359
-
0
Other taxation and social security
6,358
-
0
Other creditors
1,481
1,481
Accruals and deferred income
1,500
2,379
9,831
3,860
7
Related party transactions
Transactions with related parties

During the period, itsyourplace Lettings Limited made sales of £1,136,420 and expenditure recharges of£1,050,498, from a company under common control. The balance outstanding at the year-end was £139,932 (2025: £26,985) owed from the connected company.

 

Balances with related parties are interest-free and repayable on demand.

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