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REGISTERED NUMBER: 08437151 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SL RENTAL SOUTHAMPTON LIMITED

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

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


SL RENTAL SOUTHAMPTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R Singh
Mr R D Cherry





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 253 Portswood Road
Southampton
Hampshire
SO17 2NG





REGISTERED NUMBER: 08437151 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,755 9,727
Investments 5 15,000 15,000
22,755 24,727

CURRENT ASSETS
Debtors 6 51,235 51,217
Cash at bank 33,026 5,095
84,261 56,312
CREDITORS
Amounts falling due within one year 7 43,535 26,723
NET CURRENT ASSETS 40,726 29,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,481

54,316

CREDITORS
Amounts falling due after more than one
year

8

(40,824

)

(50,824

)

PROVISIONS FOR LIABILITIES (1,474 ) (1,888 )
NET ASSETS 21,183 1,604

CAPITAL AND RESERVES
Called up share capital 12 12
Capital redemption reserve 12 12
Retained earnings 21,159 1,580
SHAREHOLDERS' FUNDS 21,183 1,604

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.

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:





Mr R Singh - Director


SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

SL Rental Southampton Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amount receivable for property lettings services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 14,297 11,784 26,081
Additions - 2,529 2,529
Disposals (3,585 ) (3,503 ) (7,088 )
At 31 March 2023 10,712 10,810 21,522
DEPRECIATION
At 1 April 2022 8,661 7,693 16,354
Charge for year 723 2,835 3,558
Eliminated on disposal (2,742 ) (3,403 ) (6,145 )
At 31 March 2023 6,642 7,125 13,767
NET BOOK VALUE
At 31 March 2023 4,070 3,685 7,755
At 31 March 2022 5,636 4,091 9,727

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 15,000
At 31 March 2022 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 39
Amounts owed by associates 50,000 50,000
Other debtors 1,235 1,178
51,235 51,217

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,232 2,365
Amounts owed to associates - 8,000
Taxation and social security 16,243 13,773
Other creditors 3,060 2,585
43,535 26,723

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,500 42,500
Other creditors 8,324 8,324
40,824 50,824

9. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £33,274.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

SL Properties Southern Limited, Cumberland Business Centre, Northumberland Road, Portsmouth, Hampshire PO5 1DS.