Superphase Lettings Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12131415 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2021 TO 31 MAY 2022

FOR

SUPERPHASE LETTINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M P Madden

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

12131415 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Phillip Bott FCA

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

9,507

-

CURRENT ASSETS

Debtors

5

137,646

100

Cash at bank

10,915

-

148,561

100

CREDITORS

Amounts falling due within one year

6

159,642

-

NET CURRENT (LIABILITIES)/ASSETS

(11,081

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,574

)

100

PROVISIONS FOR LIABILITIES

2,377

-

NET (LIABILITIES)/ASSETS

(3,951

)

100

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(4,051

)

-

SHAREHOLDERS' FUNDS

(3,951

)

100

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 26 June 2023 and were signed by:

Mr M P Madden - Director

1.	STATUTORY INFORMATION

Superphase 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company's year end was shortened to 31 May 2022 to be an 11 month period whereas the previous year was a 12 month period therefore the comparatives are not entirely comparable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue comprises the fair value for the rental of properties and represents net invoice value less estimated rebates. In all cases revenue is recognised over the period to which it relates.

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

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating leases

Operating lease rentals are charged in the profit and loss account on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

10,008

At 31 May 2022

10,008

DEPRECIATION

Charge for period

501

At 31 May 2022

501

NET BOOK VALUE

At 31 May 2022

9,507

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

350

-

Amounts owed by group undertakings

135,846

-

Other debtors

1,450

100

137,646

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,574

-

Amounts owed to group undertakings

149,148

-

Other creditors

8,920

-

159,642

-

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

108,900

-

Between one and five years

142,800

-

251,700

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Phillip Bott FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

10.	ULTIMATE CONTROLLING PARTY

The parent company is Welford Bidco 4 Limited which represents the smallest group which the company belongs.

The ultimate controlling parent company at the balance sheet date is Welford Topco Limited, a private limited company incorporated and registered in England and Wales. The registered office of Welford Topco Limited is Granville Hall, Granville Road, Leicester, LE1 7RU and copies of the consolidated financial statements are available from Companies House, Crown Way, Cardiff, VF14 3UZ. Welford Topco represents the largest group where consolidated financial statements are drawn.