Rhent Cymru Limited 13231706 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is furnished rental services Digita Accounts Production Advanced 6.30.9574.0 true true 13231706 2023-03-01 2024-02-29 13231706 2024-02-29 13231706 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-29 13231706 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2024-02-29 13231706 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13231706 core:Non-currentFinancialInstruments 2024-02-29 13231706 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 13231706 core:FurnitureFittingsToolsEquipment 2024-02-29 13231706 bus:SmallEntities 2023-03-01 2024-02-29 13231706 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13231706 bus:FullAccounts 2023-03-01 2024-02-29 13231706 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13231706 bus:RegisteredOffice 2023-03-01 2024-02-29 13231706 bus:Director1 2023-03-01 2024-02-29 13231706 bus:Director2 2023-03-01 2024-02-29 13231706 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-01 2024-02-29 13231706 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2023-03-01 2024-02-29 13231706 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13231706 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 13231706 countries:AllCountries 2023-03-01 2024-02-29 13231706 2023-02-28 13231706 core:FurnitureFittingsToolsEquipment 2023-02-28 13231706 2022-03-01 2023-02-28 13231706 2023-02-28 13231706 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-28 13231706 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2023-02-28 13231706 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13231706 core:Non-currentFinancialInstruments 2023-02-28 13231706 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 13231706 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13231706

Rhent Cymru Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Rhent Cymru Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Rhent Cymru Limited

Company Information

Directors

Mrs Carys Owens

Mr Kenneth James Owens

Registered office

Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Rhent Cymru Limited

(Registration number: 13231706)
Balance Sheet as at 29 February 2024

Note

29 February
2024
£

28 February
2023
£

Fixed assets

 

Tangible assets

4

10,727

12,619

Investment property

5

568,006

568,006

 

578,733

580,625

Current assets

 

Cash at bank and in hand

 

72,553

90,846

Creditors: Amounts falling due within one year

6

(369,918)

(368,167)

Net current liabilities

 

(297,365)

(277,321)

Total assets less current liabilities

 

281,368

303,304

Creditors: Amounts falling due after more than one year

6

(334,680)

(334,680)

Net liabilities

 

(53,312)

(31,376)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(53,412)

(31,476)

Shareholders' deficit

 

(53,312)

(31,376)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Rhent Cymru Limited

(Registration number: 13231706)
Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 30 June 2024 and signed on its behalf by:
 

.........................................
Mr Kenneth James Owens
Director

 

Rhent Cymru Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the Board on 30 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rhent Cymru Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Rhent Cymru Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

17,106

17,106

At 29 February 2024

17,106

17,106

Depreciation

At 1 March 2023

4,487

4,487

Charge for the year

1,892

1,892

At 29 February 2024

6,379

6,379

Carrying amount

At 29 February 2024

10,727

10,727

At 28 February 2023

12,619

12,619

5

Investment properties

29 February
2024
£

At 1 March

568,006

At 29 February

568,006

There has been no valuation of investment property by an independent valuer.

 

Rhent Cymru Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

29 February
2024
£

28 February
2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

363,456

363,456

Accruals and deferred income

 

858

860

Other creditors

 

5,604

3,851

 

369,918

368,167

Creditors: amounts falling due after more than one year

Note

29 February
2024
£

28 February
2023
£

Due after one year

 

Loans and borrowings

8

334,680

334,680

7

Share capital

Allotted, called up and fully paid shares

 

29 February
2024

28 February
2023

 

No.

£

No.

£

Ordinary A of £1 each

50

50

50

50

Ordinary B of £1 each

50

50

50

50

 

100

100

100

100

 

Rhent Cymru Limited

Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024

8

Loans and borrowings

29 February
2024
£

28 February
2023
£

Non-current loans and borrowings

Bank borrowings

334,680

334,680

9

Dividends

10

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

At 29 February 2024
£

 

2023

At 1 March 2022
£

At 28 February 2023
£