REGISTERED NUMBER: 09026930 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Michaels Lettings & Property Management

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

M C Simpson

M J Rayner

S M H Weir

Ms C Martin

SECRETARY:

REGISTERED OFFICE:

Rebow House

62 Head Street

Colchester

Essex

CO1 1PB

REGISTERED NUMBER:

09026930 (England and Wales)

ACCOUNTANTS:

RBS Accountancy Ltd

Suite 17

Cautrac Serviced Offices

Great Horkesley

Colchester

Essex

CO6 4EJ

FIXED ASSETS

Tangible assets

4

132,183

23,095

CURRENT ASSETS

Debtors

5

822,810

687,401

Cash at bank

129,910

122,838

952,720

810,239

CREDITORS

Amounts falling due within one year

6

114,107

74,828

NET CURRENT ASSETS

838,613

735,411

TOTAL ASSETS LESS CURRENT LIABILITIES

970,796

758,506

CREDITORS

Amounts falling due after more than one year

7

111,430

56,187

NET ASSETS

859,366

702,319

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

859,356

702,309

SHAREHOLDERS' FUNDS

859,366

702,319

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 4 August 2026 and were signed on its behalf by:

M C Simpson - Director

M J Rayner - Director

1.	STATUTORY INFORMATION

Michaels Lettings & Property Management 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

129

30,954

7,031

38,114

Additions

-

127,787

450

128,237

At 31 December 2025

129

158,741

7,481

166,351

DEPRECIATION

At 1 January 2025

62

11,018

3,939

15,019

Charge for year

10

18,431

708

19,149

At 31 December 2025

72

29,449

4,647

34,168

NET BOOK VALUE

At 31 December 2025

57

129,292

2,834

132,183

At 31 December 2024

67

19,936

3,092

23,095

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Other debtors

-

16,735

Amounts falling due after more than one year:

Amounts owed by group undertakings

822,810

670,666

Aggregate amounts

822,810

687,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

7,966

12,848

Taxation and social security

57,501

60,367

Other creditors

48,640

1,613

114,107

74,828

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

24,825

31,666

Hire purchase contracts

86,605

24,521

111,430

56,187

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michaels Lettings & Property Management Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Michaels Lettings & Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michaels Lettings & Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Michaels Lettings & Property Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Michaels Lettings & Property Management Limited 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 Michaels Lettings & Property Management Limited. You consider that Michaels Lettings & Property Management Limited 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 Michaels Lettings & Property Management Limited. 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.

RBS Accountancy Ltd

Suite 17

Cautrac Serviced Offices

Great Horkesley

Colchester

Essex

CO6 4EJ

4 August 2026