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Company Registration No. 13671685 (England and Wales)
Thompson Rental Properties Ltd Unaudited accounts for the year ended 31 October 2023
Thompson Rental Properties Ltd Unaudited accounts Contents
Page
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Thompson Rental Properties Ltd Company Information for the year ended 31 October 2023
Director
Jo Thompson
Company Number
13671685 (England and Wales)
Registered Office
7 Pelican Road Amble Morpeth NE65 0FX England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Thompson Rental Properties Ltd Accountants' report
Accountants' report to the director of Thompson Rental Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Thompson Rental Properties Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Thompson Rental Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Thompson Rental Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thompson Rental Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Thompson Rental Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Thompson Rental Properties Ltd. You consider that Thompson Rental Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Thompson Rental Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 2 March 2024
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Thompson Rental Properties Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
667,362 
477,541 
Current assets
Cash at bank and in hand
14,750 
11,176 
Creditors: amounts falling due within one year
(180,042)
(132,310)
Net current liabilities
(165,292)
(121,134)
Total assets less current liabilities
502,070 
356,407 
Creditors: amounts falling due after more than one year
(498,948)
(365,975)
Net assets/(liabilities)
3,122 
(9,568)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,022 
(9,668)
Shareholders' funds
3,122 
(9,568)
For the year ending 31 October 2023 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 director acknowledges her 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 and authorised for issue on 2 March 2024 and were signed on its behalf by
Jo Thompson Director Company Registration No. 13671685
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Thompson Rental Properties Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Thompson Rental Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13671685. The registered office is 7 Pelican Road, Amble, Morpeth, NE65 0FX, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
477,541 
Additions
189,821 
At 31 October 2023
667,362 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
667,362 
At 31 October 2022
477,541 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
709 
- 
Loans from directors
178,472 
131,449 
Accruals
861 
861 
180,042 
132,310 
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Thompson Rental Properties Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
498,948 
365,975 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jo Thompson
Directors Loan Account
(131,449)
(48,809)
(1,786)
(178,472)
(131,449)
(48,809)
(1,786)
(178,472)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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