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REGISTERED NUMBER: 13134840 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Propertunity Rentals Ltd

Propertunity Rentals Ltd (Registered number: 13134840)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Propertunity Rentals Ltd (Registered number: 13134840)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 242,254 232,702

CURRENT ASSETS
Debtors 5 684 24,992
Cash at bank 1,478 11,283
2,162 36,275
CREDITORS
Amounts falling due within one year 6 139,832 276,005
NET CURRENT LIABILITIES (137,670 ) (239,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,584

(7,028

)

CREDITORS
Amounts falling due after more than
one year

7

185,130

-
NET LIABILITIES (80,546 ) (7,028 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 - (3,687 )
Retained earnings (80,646 ) (3,441 )
SHAREHOLDERS' FUNDS (80,546 ) (7,028 )

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

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

Propertunity Rentals Ltd (Registered number: 13134840)

Balance Sheet - continued
31 January 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 2 October 2023 and were signed on its behalf by:





Mr Johannes Van Bommel - Director


Propertunity Rentals Ltd (Registered number: 13134840)

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

1. STATUTORY INFORMATION

Propertunity Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13134840

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different from the value disclosed.

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.


Propertunity Rentals Ltd (Registered number: 13134840)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has net liabilities of £80,546.The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2022 232,702
Additions 13,239
Revaluations (3,687 )
At 31 January 2023 242,254
NET BOOK VALUE
At 31 January 2023 242,254
At 31 January 2022 232,702

Investment properties situated at 5 High Street, Eldon Lane, Bishop Auckland, DL14 8TD, 85 Tyr Felin Street, Mountain Ash, CF45 3YP and 205 Witton Park, Stockton-on-tees and Parking Space, TS18 3BN is under a charge from Hampshire Trust Bank PLC. The charge was created on 09th January 2023.

Propertunity Rentals Ltd (Registered number: 13134840)

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

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 January 2023 is represented by:
£   
Valuation in 2022 3,687
Valuation in 2023 (3,687 )
Cost 242,254
242,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 684 24,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 139,832 276,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 185,130 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 185,130 -

Propertunity Rentals Ltd (Registered number: 13134840)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 185,130 -

The loan amounting to £185,130 is secured by the way of charge on the properties situated at 5 High Street, Eldon Lane, Bishop Auckland, DL14 8TD, 85 Tyr Felin Street, Mountain Ash, CF45 3YP and 205 Witton Park, Stockton-on-tees and Parking Space, TS18 3BN. (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 09th January 2023.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 February 2022 (3,687 )
Transfer to/from reserves 3,687

At 31 January 2023 -

11. RELATED PARTY DISCLOSURES

The company owes £66,029 (including €73,500) to its director, Ms Natasja Birgit Schilders who is also a sole shareholder of the company as at accounting year end date.

The company owes £66,129 (including €73,500) to its director, Mr Johannes Van Bommel as at accounting year end date.