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REGISTERED NUMBER: 08157963 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2022

for

RENT A CUBE LTD

RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENT A CUBE LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: A D Dean
M Furnell





REGISTERED OFFICE: Cambrai House
Willets Lane
Denham
Uxbridge
Middlesex
UB9 4HA





REGISTERED NUMBER: 08157963 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Balance Sheet
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 393,893 393,893
393,893 393,893

CURRENT ASSETS
Debtors 6 380 -
Cash at bank 67,974 46,363
68,354 46,363
CREDITORS
Amounts falling due within one year 7 175,317 176,771
NET CURRENT LIABILITIES (106,963 ) (130,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES 286,930 263,485

CREDITORS
Amounts falling due after more than one
year

8

87,651

101,679
NET ASSETS 199,279 161,806

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 199,277 161,804
SHAREHOLDERS' FUNDS 199,279 161,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Balance Sheet - continued
31 MAY 2022


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 Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





A D Dean - Director


RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

Rent A Cube 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. 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.

In the light of the COVID-19 pandemic, the directors have concluded that the company is and remains a going concern based on the directors continued support and the company's prospective performance.

Turnover
Turnover represents amounts receivable for rent.

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 - 50% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2021
and 31 May 2022 2,600
DEPRECIATION
At 1 June 2021
and 31 May 2022 2,600
NET BOOK VALUE
At 31 May 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2021
and 31 May 2022 393,893
NET BOOK VALUE
At 31 May 2022 393,893
At 31 May 2021 393,893

The investment property was valued at fair value on 31 May 2022 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 380 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,042 13,141
Taxation and social security 8,790 4,263
Other creditors 152,485 159,367
175,317 176,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 87,651 101,679

RENT A CUBE LTD (REGISTERED NUMBER: 08157963)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,271 40,885

9. RESERVES
Retained
earnings
£   

At 1 June 2021 161,804
Profit for the year 37,473
At 31 May 2022 199,277