S&A Rentals Limited 13545680 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the letting of property. Digita Accounts Production Advanced 6.30.9574.0 true 13545680 2023-09-01 2024-08-31 13545680 2024-08-31 13545680 bus:OrdinaryShareClass1 2024-08-31 13545680 core:RetainedEarningsAccumulatedLosses 2024-08-31 13545680 core:ShareCapital 2024-08-31 13545680 core:CurrentFinancialInstruments 2024-08-31 13545680 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 13545680 core:Non-currentFinancialInstruments 2024-08-31 13545680 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 13545680 bus:SmallEntities 2023-09-01 2024-08-31 13545680 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13545680 bus:FilletedAccounts 2023-09-01 2024-08-31 13545680 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13545680 bus:RegisteredOffice 2023-09-01 2024-08-31 13545680 bus:Director1 2023-09-01 2024-08-31 13545680 bus:Director2 2023-09-01 2024-08-31 13545680 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13545680 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13545680 countries:EnglandWales 2023-09-01 2024-08-31 13545680 2023-08-31 13545680 2022-09-01 2023-08-31 13545680 2023-08-31 13545680 bus:OrdinaryShareClass1 2023-08-31 13545680 core:RetainedEarningsAccumulatedLosses 2023-08-31 13545680 core:ShareCapital 2023-08-31 13545680 core:CurrentFinancialInstruments 2023-08-31 13545680 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13545680 core:Non-currentFinancialInstruments 2023-08-31 13545680 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13545680

S&A Rentals Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

S&A Rentals Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

S&A Rentals Limited

Company Information

Directors

S A G Bilham

A H Bennett

Registered office

45 Majors Close
Chedburgh
Bury St Edmunds
Suffolk
IP29 4UN

Accountants

Jacobs Allen Limited
Chartered Accountants and Chartered Tax Advisers
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

 

S&A Rentals Limited

(Registration number: 13545680)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

214,527

214,527

Current assets

 

Debtors

5

3,351

3,459

Cash at bank and in hand

 

8,414

5,184

 

11,765

8,643

Creditors: Amounts falling due within one year

6

(69,776)

(69,212)

Net current liabilities

 

(58,011)

(60,569)

Total assets less current liabilities

 

156,516

153,958

Creditors: Amounts falling due after more than one year

6

(155,659)

(155,659)

Net assets/(liabilities)

 

857

(1,701)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

757

(1,801)

Shareholders' funds/(deficit)

 

857

(1,701)

For the financial year ending 31 August 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.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
S A G Bilham
Director

 

S&A Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
45 Majors Close
Chedburgh
Bury St Edmunds
Suffolk
IP29 4UN

These financial statements were authorised for issue by the Board on 16 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of the letting of property.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

 

S&A Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Investment properties

2024
£

At 1 September

214,527

At 31 August

214,527

Investment property is valued at its market value as estimated by the directors.

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

 

S&A Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

2,400

2,508

Other debtors

951

951

 

3,351

3,459

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

600

516

Accruals and deferred income

1,080

600

Other creditors

68,096

68,096

69,776

69,212

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

155,659

155,659


Creditors include a bank loan which is secured over the investment property of £155,659.

Creditors include bank loans not repayable by instalments of £155,659 (2022 - £155,659) due after more than five years.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

S&A Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

155,659

155,659

9

Related party transactions

Other transactions with directors

During the period the directors continued to provide the company with interest free advances which are considered repayable on demand, amounts owing are £67,541 (2023 - £67,541).