1 January 2023 false No description of principal activity Taxfiler 2024.5 09933511business:CompanyLimitedByGuarantee2023-01-012023-12-31 099335112022-12-31 099335112023-01-012023-12-31 09933511business:AuditExemptWithAccountantsReport2023-01-012023-12-31 09933511business:FilletedAccounts2023-01-012023-12-31 099335112023-12-31 09933511business:Director12023-01-012023-12-31 09933511business:Director22023-01-012023-12-31 09933511business:Director42023-01-012023-12-31 09933511business:Director52023-01-012023-12-31 09933511business:CompanySecretary12023-01-012023-12-31 09933511business:RegisteredOffice2023-01-012023-12-31 099335112022-12-31 09933511core:WithinOneYear2023-12-31 09933511core:WithinOneYear2022-12-31 09933511core:AfterOneYear2023-12-31 09933511core:AfterOneYear2022-12-31 09933511core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09933511core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09933511core:PreviouslyStatedAmount2023-12-31 09933511core:PreviouslyStatedAmount2022-12-31 09933511business:SmallEntities2023-01-012023-12-31 09933511countries:EnglandWales2023-01-012023-12-31 099335112022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09933511 (England and Wales)
THE ASSOCIATION FOR RENTAL LIVING LIMITED Unaudited accounts for the year ended 31 December 2023
THE ASSOCIATION FOR RENTAL LIVING LIMITED Unaudited accounts Contents
Page
- 2 -
THE ASSOCIATION FOR RENTAL LIVING LIMITED Company Information for the year ended 31 December 2023
Directors
Lesley Kate Roberts Jonathon James Ivory Timothy Dalton Swaddle Brendan Michael Geraghty
Secretary
Andrew Yates
Company Number
09933511 (England and Wales)
Registered Office
KINETIC BUSINESS CENTRE THEOBALD STREET BOREHAMWOOD HERTFORDSHIRE WD6 4PJ ENGLAND
Accountants
Tax Done Limited 71-75 Shelton Street Albert Drive Covent Garden London WC2H 9JQ
- 3 -
THE ASSOCIATION FOR RENTAL LIVING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
220,360 
188,320 
Cash at bank and in hand
53,086 
83,496 
273,446 
271,816 
Creditors: amounts falling due within one year
(338,203)
(338,483)
Net current liabilities
(64,757)
(66,667)
Total assets less current liabilities
(64,757)
(66,667)
Creditors: amounts falling due after more than one year
(28,084)
(37,872)
Net liabilities
(92,841)
(104,539)
Reserves
Profit and loss account
(92,841)
(104,539)
Members' funds
(92,841)
(104,539)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Brendan Michael Geraghty Director Company Registration No. 09933511
- 4 -
THE ASSOCIATION FOR RENTAL LIVING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
THE ASSOCIATION FOR RENTAL LIVING LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 09933511. The registered office is KINETIC BUSINESS CENTRE, THEOBALD STREET, BOREHAMWOOD, HERTFORDSHIRE, WD6 4PJ, 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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
- 5 -
THE ASSOCIATION FOR RENTAL LIVING LIMITED Notes to the Accounts for the year ended 31 December 2023
Financial instruments
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
196,835 
162,285 
Accrued income and prepayments
23,525 
4,185 
Other debtors
- 
21,850 
220,360 
188,320 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,783 
10,783 
VAT
43,577 
46,460 
Trade creditors
57,113 
33,140 
Taxes and social security
6,761 
5,371 
Other creditors
5,674 
3,922 
Accruals
34,202 
70,377 
Deferred income
180,093 
168,430 
338,203 
338,483 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
28,084 
37,872 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
- 6 -