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Registered number: 05088697
S & G Lettings Company Limited
Financial Statements
For The Year Ended 28 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05088697
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,524 4,699
Investment Properties 5 1,814,346 1,814,346
1,817,870 1,819,045
CURRENT ASSETS
Debtors 6 34,778 31,103
Cash at bank and in hand 936 4,056
35,714 35,159
Creditors: Amounts Falling Due Within One Year 7 (57,751 ) (65,569 )
NET CURRENT ASSETS (LIABILITIES) (22,037 ) (30,410 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,795,833 1,788,635
Creditors: Amounts Falling Due After More Than One Year 8 (1,044,526 ) (1,044,526 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (112,815 ) (113,630 )
NET ASSETS 638,492 630,479
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 702,205 701,390
Profit and Loss Account (63,715 ) (70,913 )
SHAREHOLDERS' FUNDS 638,492 630,479
Page 1
Page 2
For the year ending 28 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Smith
Director
22 September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S & G Lettings Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05088697 . The registered office is 12 Thorp, Royton, Oldham, OL2 5TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
...CONTINUED
Page 3
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 29 March 2025 14,850 2,145 16,995
As at 28 March 2026 14,850 2,145 16,995
Depreciation
As at 29 March 2025 10,151 2,145 12,296
Provided during the period 1,175 - 1,175
As at 28 March 2026 11,326 2,145 13,471
Net Book Value
As at 28 March 2026 3,524 - 3,524
As at 29 March 2025 4,699 - 4,699
5. Investment Property
2026
£
Fair Value
As at 29 March 2025 and 28 March 2026 1,814,346
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Page 5
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 34,778 31,103
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 90
Other creditors 57,751 65,479
57,751 65,569
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 1,044,526 1,044,526
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 5