NEXT LETTINGS (CUMBRIA) LIMITED


Directors	Mr M Sharma
	Mr L T Walker


Registered Address	125 Queen Street
	Whitehaven
	CA28 7QF


Registered Number	14875532 (England and Wales)

Statement of Financial Position
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		143,485		143,485
			143,485		143,485
Current assets
Debtors	4	1,300		1,300
Cash at bank and on hand		1,193		1,040
		2,493		2,340
Creditors amounts falling due within one year	5	(23,410)		(18,931)
Net current assets (liabilities)			(20,917)		(16,591)
Total assets less current liabilities			122,568		126,894
Creditors amounts falling due after one year	6		(31,667)		(45,000)
Net assets			90,901		81,894
Capital and reserves
Called up share capital			100		100
Profit and loss account			90,801		81,794
Shareholders' funds			90,901		81,894

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 October 2026, and are signed on its behalf by:

Mr L T Walker
Director

Mr M Sharma
Director

Registered Company No. 14875532

NEXT LETTINGS (CUMBRIA) LIMITED

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the 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 policy

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/or the 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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	On 1 June 2025 the company owed the Director’s £1,496.58. During the period the company extracted a further £911.12. At 31 May 2026 the company owed the Directors’ £2,407.70. No interest was charged on this loan and the loan is repayable on demand. During the year the director had a loan account with the Next Electrical. At 31 May 2026 the company owed Next Electrical £4,656.40 (PYR - £2,000). This loan is unsecured, interest free and repayable upon demand

Related parties

On 1 June 2025 the company owed the Director’s £1,496.58. During the period the company extracted a further £911.12. At 31 May 2026 the company owed the Directors’ £2,407.70. No interest was charged on this loan and the loan is repayable on demand.

During the year the director had a loan account with the Next Electrical. At 31 May 2026 the company owed Next Electrical £4,656.40 (PYR - £2,000). This loan is unsecured, interest free and repayable upon demand

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property


		£
	Fair value at 01 June 25	143,485
	At 31 May 26	143,485

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,300	1,300
Total	1,300	1,300

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	2,113	1,255
Other creditors	20,397	16,830
Accrued liabilities and deferred income	900	846
Total	23,410	18,931

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	31,667	45,000
Total	31,667	45,000

7.	Related party transactions
	Mr M Sharma and Mr L T Walker (directors and shareholders) are also directors and shareholders of Next Electrical. During the year the company received an interest free loan of £78,422 (2024 - £71,300) from Next Electrical. £76,422 of the loan was written off on 30 November 2024 by deed of release.