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REGISTERED NUMBER: 10655544 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bristol Rentals And Management Ltd

Bristol Rentals And Management Ltd (Registered number: 10655544)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Bristol Rentals And Management Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms D Bonner





REGISTERED OFFICE: Emily House
7 Hillside
Fennel Lane
Axbridge
Somerset
BS26 2AN





REGISTERED NUMBER: 10655544 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Bristol Rentals And Management Ltd (Registered number: 10655544)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,950,000 1,950,000

CURRENT ASSETS
Cash at bank 8,819 12,644

CREDITORS
Amounts falling due within one year 5 (827,263 ) (841,189 )
NET CURRENT LIABILITIES (818,444 ) (828,545 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,131,556 1,121,455

CREDITORS
Amounts falling due after more than one year 6 (941,726 ) (941,726 )

PROVISIONS FOR LIABILITIES 8 (48,208 ) (36,638 )
NET ASSETS 141,622 143,091

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 144,625 144,625
Retained earnings 10 (3,004 ) (1,535 )
SHAREHOLDERS' FUNDS 141,622 143,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 September 2024 and were signed by:





Ms D Bonner - Director


Bristol Rentals And Management Ltd (Registered number: 10655544)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bristol Rentals And Management Ltd 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.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,950,000
NET BOOK VALUE
At 31 March 2024 1,950,000
At 31 March 2023 1,950,000

Bristol Rentals And Management Ltd (Registered number: 10655544)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 111,835
Valuation in 2019 38,072
Valuation in 2022 100,000
Valuation in 2023 (57,074 )
Cost 1,757,167
1,950,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,757,167 1,757,167

Investment properties were valued on an open market basis on 31 March 2024 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 360 -
Tax 1,692 -
Directors' current accounts 823,550 839,605
Accrued expenses 1,661 1,584
827,263 841,189

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 941,726 941,726

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 941,726 941,726

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 941,726 941,726

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 48,208 36,638

Bristol Rentals And Management Ltd (Registered number: 10655544)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 36,638
Provided during year 11,570
Balance at 31 March 2024 48,208

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (1,535 ) 144,625 143,090
Deficit for the year (1,469 ) (1,469 )
At 31 March 2024 (3,004 ) 144,625 141,621



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bristol Rentals And Management Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bristol Rentals And Management Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bristol Rentals And Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bristol Rentals And Management Ltd and state those matters that we have agreed to state to the director of Bristol Rentals And Management Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bristol Rentals And Management Ltd and its director for our work or for this report.

It is your duty to ensure that Bristol Rentals And Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bristol Rentals And Management Ltd. You consider that Bristol Rentals And Management 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 financial statements of Bristol Rentals And Management 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 financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


16 September 2024