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REGISTERED NUMBER: 06946034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

1 4 Rent (Property Management) Ltd

1 4 Rent (Property Management) Ltd (Registered number: 06946034)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1 4 Rent (Property Management) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R Robertson
Mrs T M Robertson





REGISTERED OFFICE: 29 Howard Street
North Shields
Tyne and Wear
NE30 1AR





REGISTERED NUMBER: 06946034 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

1 4 Rent (Property Management) Ltd (Registered number: 06946034)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £   
CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 194,463 194,463
Cash at bank 29,149 113,933
225,612 310,396
CREDITORS
Amounts falling due within one year 6 65,293 143,069
NET CURRENT ASSETS 160,319 167,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,319

167,327

CREDITORS
Amounts falling due after more than one
year

7

12,500

13,986
NET ASSETS 147,819 153,341

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 147,817 153,339
SHAREHOLDERS' FUNDS 147,819 153,341

1 4 Rent (Property Management) Ltd (Registered number: 06946034)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 November 2023 and were signed on its behalf by:





R Robertson - Director


1 4 Rent (Property Management) Ltd (Registered number: 06946034)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

1 4 Rent (Property Management) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

1 4 Rent (Property Management) Ltd (Registered number: 06946034)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 2,866
DEPRECIATION
At 1 July 2022
and 30 June 2023 2,866
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors 194,463 194,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 13,037 34,773
Taxation and social security 575 1,218
Other creditors 51,681 107,078
65,293 143,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 12,500 13,986

8. RELATED PARTY DISCLOSURES

The Company has loaned 1 4 Sale Limited the amount shown in Note 6.

Transactions with 1 4 Sale Limited require disclosure under the terms of
Financial Reporting Standard 8 ("FRS8"), Related Party Transactions, as both the
Shareholders and the directors are common to both companies.