REGISTERED NUMBER: 13111693 (England and Wales)

LRC LETS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

L R Cross

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

13111693 (England and Wales)

FIXED ASSETS

Investments

5

5

5

Investment property

6

125,000

125,000

125,005

125,005

CURRENT ASSETS

Cash at bank

14,429

27,324

CREDITORS

Amounts falling due within one year

7

(43,165

)

(57,230

)

NET CURRENT LIABILITIES

(28,736

)

(29,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,269

95,099

CREDITORS

Amounts falling due after more than one year

8

(87,759

)

(87,759

)

PROVISIONS FOR LIABILITIES

(825

)

(825

)

NET ASSETS

7,685

6,515

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

3,517

-

Retained earnings

4,068

6,415

7,685

6,515

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

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

The director acknowledges his 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 director and authorised for issue on 29 October 2026 and were signed by:

L R Cross - Director

1.	STATUTORY INFORMATION

LRC Lets Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

5

NET BOOK VALUE

At 31 January 2026

5

At 31 January 2025

5

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

125,000

NET BOOK VALUE

At 31 January 2026

125,000

At 31 January 2025

125,000

At the year end the open market values of investment properties were considered by the director and adjusted accordingly. The historic cost of the investment property was £120,658.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

274

826

Other creditors

42,891

56,404

43,165

57,230

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

87,759

87,759

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

87,759

87,759

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

87,759

87,759

The bank loan is secured on the company's investment property.

10.

RESERVES

Fair

value

reserve

£

Revaluation

4,342

Deferred tax

(825

)

At 31 January 2026

3,517

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year-end, the Company owed the director a balance of £41,553 (2025: £55,207), after making repayments in the year totalling £13,654 (2025: £13,686).

This balance is interest-free, unsecured and repayable on demand.