S&G Rentals Ltd 12887267 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of residential property rental. Digita Accounts Production Advanced 6.30.9574.0 true 12887267 2022-04-01 2023-03-31 12887267 2023-03-31 12887267 core:RetainedEarningsAccumulatedLosses 2023-03-31 12887267 core:ShareCapital 2023-03-31 12887267 core:CurrentFinancialInstruments 2023-03-31 12887267 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12887267 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12887267 bus:SmallEntities 2022-04-01 2023-03-31 12887267 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12887267 bus:FullAccounts 2022-04-01 2023-03-31 12887267 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12887267 bus:RegisteredOffice 2022-04-01 2023-03-31 12887267 bus:Director1 2022-04-01 2023-03-31 12887267 bus:Director2 2022-04-01 2023-03-31 12887267 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12887267 countries:EnglandWales 2022-04-01 2023-03-31 12887267 2022-03-31 12887267 2021-10-01 2022-03-31 12887267 2022-03-31 12887267 core:RetainedEarningsAccumulatedLosses 2022-03-31 12887267 core:ShareCapital 2022-03-31 12887267 core:CurrentFinancialInstruments 2022-03-31 12887267 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12887267 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12887267

S&G Rentals Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

S&G Rentals Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

S&G Rentals Ltd

Company Information

Directors

L Greatorex

T Greatorex

Registered office

Beech House
Lower Morton
Bristol
BS35 1LE

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Weston-super-Mare
BS22 8NG

 

S&G Rentals Ltd

(Registration number: 12887267)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

-

313,969

Current assets

 

Debtors

5

-

3,402

Cash at bank and in hand

 

152,549

117,287

 

152,549

120,689

Creditors: Amounts falling due within one year

6

(18,532)

(18,786)

Net current assets

 

134,017

101,903

Total assets less current liabilities

 

134,017

415,872

Creditors: Amounts falling due after more than one year

6

(73,309)

(415,094)

Net assets

 

60,708

778

Capital and reserves

 

Called up share capital

2

2

Retained earnings

60,706

776

Shareholders' funds

 

60,708

778

 

S&G Rentals Ltd

(Registration number: 12887267)
Balance Sheet
31 March 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.........................................
L Greatorex
Director

.........................................
T Greatorex
Director

 

S&G Rentals Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beech House
Lower Morton
Bristol
BS35 1LE

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

S&G Rentals Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

S&G Rentals Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

4

Investment properties

2023
£

At 1 April

313,969

Disposals

(313,969)

At 31 March

-

There has been no valuation of investment property by an independent valuer.

5

Debtors

2023
£

2022
£

Other debtors

-

3,402

-

3,402

2023
£

2022
£

Other debtors

-

3,402

-

3,402

 

S&G Rentals Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

-

1,073

Taxation and social security

 

18,532

630

Other creditors

 

-

17,083

 

18,532

18,786

Due after one year

 

Loans and borrowings

-

207,094

Other non-current financial liabilities

 

73,309

208,000

 

73,309

415,094

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

-

207,094

Other non-current financial liabilities

 

73,309

208,000

 

73,309

415,094