Company Registration No. SC225678 (Scotland)
Let Assured Ltd.
Unaudited accounts
for the year ended 31 March 2023
Let Assured Ltd.
Unaudited accounts
Contents
Let Assured Ltd.
Company Information
for the year ended 31 March 2023
Company Number
SC225678 (Scotland)
Registered Office
Taigh Sonais
6a Naast
Poolewe
Achnasheen
IV22 2LL
United Kingdom
Accountants
SJN Consultants Ltd
Creag A' Chaorainn
Inverasdale
Poolewe
Wester Ross
IV22 2LN
Let Assured Ltd.
Statement of financial position
as at 31 March 2023
Investment property
278,000
264,000
Cash at bank and in hand
60,575
62,011
Creditors: amounts falling due within one year
(5,669)
(6,244)
Net current assets
56,331
57,138
Total assets less current liabilities
335,051
321,511
Provisions for liabilities
Deferred tax
(4,128)
(1,468)
Net assets
330,923
320,043
Called up share capital
2
2
Profit and loss account
330,921
320,041
Shareholders' funds
330,923
320,043
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Gary Jack
Director
Company Registration No. SC225678
Let Assured Ltd.
Notes to the Accounts
for the year ended 31 March 2023
Let Assured Ltd. is a private company, limited by shares, registered in Scotland, registration number SC225678. The registered office is Taigh Sonais, 6a Naast, Poolewe, Achnasheen, IV22 2LL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Investment property is included at market fair value. Gains are recognised in the income statement.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
The comparative accounts have ben restated to reflect FRS102 requirements re earlier year revaluations of investment properties, the transfer of the revaluation reserve to general reserves, and the associated deferred taxation charges and liabilities.
Let Assured Ltd.
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2022
264,000
Net gain from fair value adjustments
14,000
Amounts falling due within one year
Accrued income and prepayments
125
71
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,156
2,223
Other creditors
1,300
1,300
Loans from directors
312
741
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).