Lets Residential Limited - Abbreviated accounts 16.1

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REGISTERED NUMBER: 06458545 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Lets Residential Limited

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Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

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DIRECTOR:

M L Unsworth

SECRETARY:

Mrs W J Unsworth

REGISTERED OFFICE:

12 Allerton Road

Mossley Hill

Liverpool

Merseyside

L18 1LN

REGISTERED NUMBER:

06458545 (England and Wales)

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

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FIXED ASSETS

Intangible assets

2

3,937

6,187

Tangible assets

3

10,721

10,996

14,658

17,183

CURRENT ASSETS

Debtors

1,123

252

Cash at bank and in hand

24,106

23,272

25,229

23,524

CREDITORS

Amounts falling due within one year

20,021

12,957

NET CURRENT ASSETS

5,208

10,567

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,866

27,750

CREDITORS

Amounts falling due after more than one
year

19,846

27,699

NET ASSETS

20

51

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

10

41

SHAREHOLDERS' FUNDS

20

51

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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.

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The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19th October 2016 and were signed by:

M L Unsworth - Director

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1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis. Having reviewed the position going forward the

expectation is that the company will fall into profit in the near future. The director continues to fully support

cashflow.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

22,500

AMORTISATION

At 1st April 2015

16,313

Amortisation for year

2,250

At 31st March 2016

18,563

NET BOOK VALUE

At 31st March 2016

3,937

At 31st March 2015

6,187

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3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

25,859

Additions

2,023

At 31st March 2016

27,882

DEPRECIATION

At 1st April 2015

14,863

Charge for year

2,298

At 31st March 2016

17,161

NET BOOK VALUE

At 31st March 2016

10,721

At 31st March 2015

10,996

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

10

Ordinary

1

10

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The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Lets Residential Limited for the year ended 31st March 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Lets Residential Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lets Residential Limited and state those matters that we have agreed to state to the director of Lets Residential Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lets Residential Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lets Residential Limited. You consider that Lets Residential Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lets Residential Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

Date: .............................................