REGISTERED NUMBER: 06069091 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Balgores Lettings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P A Austin

M Gibbon

SECRETARY:

M Gibbon

REGISTERED OFFICE:

10 High Street

Wickford

Essex

SS12 9AZ

REGISTERED NUMBER:

06069091 (England and Wales)

ACCOUNTANTS:

Edison and Co

Chartered Certified Accountants

29 Herbert Road

Hornchurch

Essex

RM11 3LH

FIXED ASSETS

Intangible assets

4

485,432

546,464

Tangible assets

5

15,327

15,840

Investments

6

1,129,628

357,356

1,630,387

919,660

CURRENT ASSETS

Debtors

7

552,758

339,216

Cash at bank and in hand

3,563,875

3,137,051

4,116,633

3,476,267

CREDITORS

Amounts falling due within one year

8

4,774,310

3,802,005

NET CURRENT LIABILITIES

(657,677

)

(325,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

972,710

593,922

CAPITAL AND RESERVES

Called up share capital

9

75

75

Capital redemption reserve

10

25

25

Retained earnings

10

972,610

593,822

SHAREHOLDERS' FUNDS

972,710

593,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

M Gibbon - Director

1.	STATUTORY INFORMATION

Balgores Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.The validity of this assumption depends on the continued support of the directors and creditors. The financial statements do not include any adjustments that would result if this support was not continued

Preparation of consolidated financial statements

The financial statements contain information about Balgores Lettings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

610,326

AMORTISATION

At 1 January 2025

63,862

Charge for year

61,032

At 31 December 2025

124,894

NET BOOK VALUE

At 31 December 2025

485,432

At 31 December 2024

546,464

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

169,020

Additions

4,528

At 31 December 2025

173,548

DEPRECIATION

At 1 January 2025

153,180

Charge for year

5,041

At 31 December 2025

158,221

NET BOOK VALUE

At 31 December 2025

15,327

At 31 December 2024

15,840

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

357,356

Additions

772,272

At 31 December 2025

1,129,628

NET BOOK VALUE

At 31 December 2025

1,129,628

At 31 December 2024

357,356

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

215,226

251,626

Other debtors

337,532

87,590

552,758

339,216

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

459,192

439,420

Amounts owed to group undertakings

140,981

242,550

Taxation and social security

263,753

281,724

Other creditors

3,910,384

2,838,311

4,774,310

3,802,005

Client monies relating to rent deposits and other amounts due to tenants and landlords are included in other creditors and are held in designated bank accounts.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

75

Ordinary

£1

75

75

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2025

593,822

25

593,847

Profit for the year

378,788

378,788

At 31 December 2025

972,610

25

972,635