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REGISTERED NUMBER: 11372721 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

S&D Property Rentals Ltd

S&D Property Rentals Ltd (Registered number: 11372721)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S&D Property Rentals Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D K Harvey
S D Harvey





REGISTERED OFFICE: 24 Wesley Place
Bristol
City of Bristol
BS8 2YD





REGISTERED NUMBER: 11372721 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

S&D Property Rentals Ltd (Registered number: 11372721)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 7,128,843 5,673,843
7,128,844 5,673,844

CURRENT ASSETS
Cash at bank 428,930 453,652

CREDITORS
Amounts falling due within one year 6 253,201 274,173
NET CURRENT ASSETS 175,729 179,479
TOTAL ASSETS LESS CURRENT LIABILITIES 7,304,573 5,853,323

CREDITORS
Amounts falling due after more than one year 7 (2,100,000 ) (2,100,000 )

PROVISIONS FOR LIABILITIES (363,750 ) -
NET ASSETS 4,840,823 3,753,323

CAPITAL AND RESERVES
Called up share capital 9 1,010,000 1,010,000
Share premium 10 2,608,203 2,608,203
Retained earnings 10 1,222,620 135,120
SHAREHOLDERS' FUNDS 4,840,823 3,753,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

S&D Property Rentals Ltd (Registered number: 11372721)

Balance Sheet - continued
31 March 2023


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 26 July 2023 and were signed on its behalf by:





D K Harvey - Director


S&D Property Rentals Ltd (Registered number: 11372721)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

S&D Property Rentals 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 as modified by the revaluation of certain assets.

Turnover
Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

S&D Property Rentals Ltd (Registered number: 11372721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 5,673,843
Revaluations 1,455,000
At 31 March 2023 7,128,843
NET BOOK VALUE
At 31 March 2023 7,128,843
At 31 March 2022 5,673,843

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,455,000
Cost 5,673,843
7,128,843

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 5,673,843 5,673,843

The investment properties were valued on an open market basis on 31 March 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 137 558
Tax 56,071 60,524
Other creditors 37,270 162,280
Directors' current accounts 150,000 45,941
Accrued expenses 9,723 4,870
253,201 274,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 2,100,000 2,100,000

S&D Property Rentals Ltd (Registered number: 11372721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 2,100,000 2,100,000

The bank loan is secured on the properties owned by the company.

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000,000 Ordinary A £1 1,000,000 1,000,000
10,000 Ordinary C £1 10,000 10,000
1,010,000 1,010,000

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 135,120 2,608,203 2,743,323
Profit for the year 1,330,380 1,330,380
Dividends (242,880 ) (242,880 )
At 31 March 2023 1,222,620 2,608,203 3,830,823

The company has non-distributable reserves totalling £1,091,250.