Sarah Kenny Residential Lettings Limited

(Registration number: 05116703)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	265,948	298,057
Investment property	5	225,000	225,000
		490,948	523,057
Current assets
Debtors	6	74,163	79,281
Cash at bank and in hand		405,277	510,578
		479,440	589,859
Creditors: Amounts falling due within one year	7	(395,214)	(348,228)
Net current assets		84,226	241,631
Total assets less current liabilities		575,174	764,688
Provisions for liabilities		(45,987)	(52,651)
Net assets		529,187	712,037
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		528,187	711,037
Total equity		529,187	712,037

Sarah Kenny Residential Lettings Limited

(Registration number: 05116703)
Balance Sheet as at 30 April 2026 (continued)

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ and the option to not file the profit and loss has been taken.

Approved and authorised for issue by the Board on 28 October 2026 and signed on its behalf by:
 

.........................................

P J Allen
Director

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 Regent Street
Clifton
Bristol
BS8 4HU

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Office equipment	50% on cost
Fixtures and fittings	20% on cost
Motor vehicles	25% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2025 - 20).

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

4	Tangible fixed assets

	Leasehold improvements £	Fixtures and fittings  £	Motor vehicles  £	Office equipment  £	Total £
Cost
At 1 May 2025	283,674	2,378	46,273	31,696	364,021
Additions	-	2,963	-	-	2,963
At 30 April 2026	283,674	5,341	46,273	31,696	366,984
Depreciation
At 1 May 2025	-	261	39,948	25,755	65,964
Charge for the year	28,367	1,017	1,650	4,038	35,072
At 30 April 2026	28,367	1,278	41,598	29,793	101,036
Carrying amount
At 30 April 2026	255,307	4,063	4,675	1,903	265,948
At 30 April 2025	283,674	2,117	6,325	5,941	298,057

5	Investment properties

	2026 £
At 1 May 2026	225,000
At 30 April 2025	225,000

The investment property is carried at fair value determined by the directors with reference to the condition and location of the property, as well as current observable market prices. There has been no valuation by independent valuer.

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

6	Debtors: amounts falling due within one year

	2026 £	2025 £
Trade debtors	14,902	21,565
Other debtors	13,279	13,054
Prepayments	45,982	44,662
	74,163	79,281

7

Creditors

	2026 £	2025 £
Trade creditors	45,229	25,854
Corporation tax	214,778	172,276
Taxation and social security	84,877	76,294
Other creditors	6,013	8,696
Accruals	40,565	54,482
Directors' loan accounts	3,752	10,626
	395,214	348,228

Sarah Kenny Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

9	Obligations under leases

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
	16,368	-

10	Client Money

At the Balance Sheet date the company held £2,421,280 (2025 - £2,493,628) in designated bank accounts held on behalf of clients. These cash balances are excluded from the company's own Balance Sheet assets on page 2, as the company does not hold a beneficial interest in them.