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REGISTERED NUMBER: 10655318 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

AND Rentals Limited

AND Rentals Limited (Registered number: 10655318)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AND Rentals Limited

Company Information
for the Year Ended 31 March 2023







Directors: S A Roberts
N S Roberts
D J Roberts





Registered office: 30 Hazelhurst Way
Tarporley
CW6 9YH





Registered number: 10655318 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

AND Rentals Limited (Registered number: 10655318)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,520 10,609
Investment property 5 1,120,000 1,120,000
1,126,520 1,130,609

Current assets
Cash at bank - 1,703

Creditors
Amounts falling due within one year 6 411,985 388,208
Net current liabilities (411,985 ) (386,505 )
Total assets less current liabilities 714,535 744,104

Creditors
Amounts falling due after more than
one year

7

(560,215

)

(560,215

)

Provisions for liabilities (41,271 ) (41,271 )
Net assets 113,049 142,618

Capital and reserves
Called up share capital 10 10
Other reserves 9 175,944 175,944
Retained earnings 9 (62,905 ) (33,336 )
113,049 142,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AND Rentals Limited (Registered number: 10655318)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





N S Roberts - Director


AND Rentals Limited (Registered number: 10655318)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

AND Rentals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


AND Rentals Limited (Registered number: 10655318)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
These financial statements are prepared on the going concern basis, on the assumption that the directors will continue to provide financial support to the company to enable it to meet its current liabilities, which exceeded its current assets at 31 March 2023

3. Employees and directors

The average number of employees during the year was 2 (2022 - NIL ) .

4. Tangible fixed assets
Fixtures,
fittings
& equipment
£   
Cost
At 1 April 2022
and 31 March 2023 20,443
Depreciation
At 1 April 2022 9,834
Charge for year 4,089
At 31 March 2023 13,923
Net book value
At 31 March 2023 6,520
At 31 March 2022 10,609

AND Rentals Limited (Registered number: 10655318)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. Investment property
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 1,120,000
Net book value
At 31 March 2023 1,120,000
At 31 March 2022 1,120,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 1,120,000

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 64 -
Taxation and social security 333 404
Other creditors 411,588 387,804
411,985 388,208

7. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 560,215 560,215

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 560,215 560,215

8. Secured debts

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Bank loans 560,215 560,215

Bank loans are secured on certain investment properties.

AND Rentals Limited (Registered number: 10655318)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative non-distributable revaluation surpluses have been included in other reserves. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

10. Related party disclosures

During the year the directors made loans to the company. At 31 March 2023 the balance on these loans was £404,156 (2022 £382,058). The loans are unsecured, interest free and repayable on demand.

The directors have given personal guarantees in respect of the company's bank borrowing.