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REGISTERED NUMBER: 08437151 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SL RENTAL SOUTHAMPTON LIMITED

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SL RENTAL SOUTHAMPTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R Singh
Mr R D Cherry





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 253 Portswood Road
Southampton
Hampshire
SO17 2NG





REGISTERED NUMBER: 08437151 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,341 7,755
Investments 5 - 15,000
7,341 22,755

CURRENT ASSETS
Debtors 6 51,172 51,235
Cash at bank 42,258 33,026
93,430 84,261
CREDITORS
Amounts falling due within one year 7 42,813 43,535
NET CURRENT ASSETS 50,617 40,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,958

63,481

CREDITORS
Amounts falling due after more than one
year

8

(30,824

)

(40,824

)

PROVISIONS FOR LIABILITIES (1,836 ) (1,474 )
NET ASSETS 25,298 21,183

CAPITAL AND RESERVES
Called up share capital 12 12
Capital redemption reserve 12 12
Retained earnings 25,274 21,159
SHAREHOLDERS' FUNDS 25,298 21,183

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 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.

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr R Singh - Director


SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

SL Rental Southampton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amount receivable for property lettings services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 10,712 10,810 21,522
Additions 2,379 1,531 3,910
Disposals (419 ) - (419 )
At 31 March 2024 12,672 12,341 25,013
DEPRECIATION
At 1 April 2023 6,642 7,125 13,767
Charge for year 968 3,272 4,240
Eliminated on disposal (335 ) - (335 )
At 31 March 2024 7,275 10,397 17,672
NET BOOK VALUE
At 31 March 2024 5,397 1,944 7,341
At 31 March 2023 4,070 3,685 7,755

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 15,000
Disposals (15,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2 -
Amounts owed by associates 50,000 50,000
Other debtors 1,170 1,235
51,172 51,235

SL RENTAL SOUTHAMPTON LIMITED (REGISTERED NUMBER: 08437151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,941 24,232
Taxation and social security 34,714 16,243
Other creditors 3,158 3,060
42,813 43,535

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,500 32,500
Other creditors 8,324 8,324
30,824 40,824

9. LEASING AGREEMENTS

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £15,035.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

SL Properties Southern Limited, Cumberland Business Centre, Northumberland Road, Portsmouth, Hampshire PO5 1DS.