LONDON STUDENT RENTAL LIMITED

Company Registration Number:
03875198 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

LONDON STUDENT RENTAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

LONDON STUDENT RENTAL LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,194 1,593
Total fixed assets: 1,194 1,593
Current assets
Debtors: 4 510,300 510,000
Cash at bank and in hand: 65 11,611
Total current assets: 510,365 521,611
Creditors: amounts falling due within one year: 5 (399,972) (539,112)
Net current assets (liabilities): 110,393 (17,501)
Total assets less current liabilities: 111,587 (15,908)
Total net assets (liabilities): 111,587 (15,908)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 111,487 (16,008)
Shareholders funds: 111,587 (15,908)

The notes form part of these financial statements

LONDON STUDENT RENTAL LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2023
and signed on behalf of the board by:

Name: Mario Matassini
Status: Director

The notes form part of these financial statements

LONDON STUDENT RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:Fixtures, fittings & equipment 25% reducing balance basis

LONDON STUDENT RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

LONDON STUDENT RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 111,541
At 31 March 2023 111,541
Depreciation
At 01 April 2022 109,948
Charge for year 399
At 31 March 2023 110,347
Net book value
At 31 March 2023 1,194
At 31 March 2022 1,593

LONDON STUDENT RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 510,300 510,000

LONDON STUDENT RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts: 2023: £76632, (2022: £49302)Trade creditors: 2023: £9788, (2022: £68)Taxation and social security: 2023: £30526, (2022: £21854)Other creditors: 2023: £281026, (2022: £467888)Other creditors include £16,911 (2022 - £6,532) an amount due to a related company of which Mr M Matassini is a director.