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Company Registration No. 11201735 (England and Wales)
IRent Properties Limited Unaudited accounts for the year ended 29 February 2024
IRent Properties Limited Unaudited accounts Contents
Page
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IRent Properties Limited Company Information for the year ended 29 February 2024
Directors
Luke Oliver Hickie Jay Marie Madden
Company Number
11201735 (England and Wales)
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of IRent Properties Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IRent Properties Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 3 April 2024
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IRent Properties Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
43,710 
36,672 
Cash at bank and in hand
7,787 
20,907 
51,497 
57,579 
Creditors: amounts falling due within one year
(30,135)
(27,924)
Net current assets
21,362 
29,655 
Total assets less current liabilities
21,362 
29,655 
Creditors: amounts falling due after more than one year
(21,345)
(29,646)
Net assets
17 
9 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16 
8 
Shareholders' funds
17 
9 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Luke Oliver Hickie Director Company Registration No. 11201735
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IRent Properties Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
IRent Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11201735.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
43,710 
36,672 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,084 
3,100 
Taxes and social security
10,051 
10,824 
Other creditors
11,600 
11,600 
Accruals
2,400 
2,400 
30,135 
27,924 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,345 
29,646 
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IRent Properties Limited Notes to the Accounts for the year ended 29 February 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan
27,418 
- 
8,637 
18,781 
27,418 
- 
8,637 
18,781 
The balance represents an interest free loan issued by the company that is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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