NC Lettings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14105376 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

NC LETTINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Newsome

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

14105376 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

609

716

Investment property

5

251,042

251,651

251,758

CURRENT ASSETS

Debtors

6

566

513

Cash at bank

17,541

7,128

18,107

7,641

CREDITORS

Amounts falling due within one year

7

116,872

114,971

NET CURRENT LIABILITIES

(98,765

)

(107,330

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

152,886

144,428

CREDITORS

Amounts falling due after more than one
year

8

(142,395

)

(142,395

)

PROVISIONS FOR LIABILITIES

(152

)

(99

)

NET ASSETS

10,339

1,934

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

10,239

1,834

SHAREHOLDERS' FUNDS

10,339

1,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2026 and were signed by:

K J Newsome - Director

1.	STATUTORY INFORMATION

NC 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.

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 comprises property letting income and is recognised in line with the period during which the property is occupied

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

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

and 31 May 2026

991

DEPRECIATION

At 1 June 2025

275

Charge for year

107

At 31 May 2026

382

NET BOOK VALUE

At 31 May 2026

609

At 31 May 2025

716

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

and 31 May 2026

251,042

NET BOOK VALUE

At 31 May 2026

251,042

At 31 May 2025

251,042

The director has reviewed the present market value of the investment property and confirmed that there is no material change required in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Other debtors

566

513

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Taxation and social security

2,081

-

Other creditors

114,791

114,971

116,872

114,971

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.26

31.5.25

£

Bank loans

142,395

31.5.26

31.5.25

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

142,395

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

Bank loans

142,395

The loan is secured over the investment property held in the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

80

Ordinary A

£1

80

10

Ordinary B

£1

10

Ordinary C

£1

10

100