Registered number
14141940
City Rentals Manchester Limited
Filleted Accounts
31 May 2023
City Rentals Manchester Limited
Registered number: 14141940
Balance Sheet
as at 31 May 2023
Notes 2023
£
Fixed assets
Investments 3 159,430
Current assets
Debtors 4 120
Cash at bank and in hand 2,182
2,302
Creditors: amounts falling due within one year 5 (960)
Net current assets 1,342
Total assets less current liabilities 160,772
Creditors: amounts falling due after more than one year 6 (161,882)
Net liabilities (1,110)
Capital and reserves
Called up share capital 2
Profit and loss account (1,112)
Shareholders' funds (1,110)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs R Hall
Director
Approved by the board on 1 February 2024
City Rentals Manchester Limited
Notes to the Accounts
for the period from 30 May 2022 to 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Investments
Other
investments
£
Cost
Additions 159,430
At 31 May 2023 159,430
Historical cost
At 31 May 2023 159,430
4 Debtors 2023
£
Other debtors 120
5 Creditors: amounts falling due within one year 2023
£
Other creditors 960
6 Creditors: amounts falling due after one year 2023
£
Other creditors 161,882
7 Other information
City Rentals Manchester Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH47 9RT
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