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REGISTERED NUMBER: 05410540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs L Roberts
Mr M J Roberts





SECRETARY: Mrs L Roberts





REGISTERED OFFICE: 76 Chester Road
Shireoak
Walsall
West Midlands
WS8 6DU





REGISTERED NUMBER: 05410540 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,932 3,911
Investments 5 200 200
Investment property 6 3,125,000 2,276,540
3,128,132 2,280,651

CURRENT ASSETS
Debtors 7 263 1,403
Cash at bank 447,409 342,734
447,672 344,137
CREDITORS
Amounts falling due within one year 8 771,797 745,454
NET CURRENT LIABILITIES (324,125 ) (401,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,804,007

1,879,334

PROVISIONS FOR LIABILITIES 212,063 50,053
NET ASSETS 2,591,944 1,829,281

CAPITAL AND RESERVES
Called up share capital 300 300
Other reserves 735,917 171,408
Retained earnings 1,855,727 1,657,573
SHAREHOLDERS' FUNDS 2,591,944 1,829,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mrs L Roberts - Director


PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Property Holdings & Rental Services 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.

Post year end the company's registered office changed from Middlemore Lane West, Aldridge, Walsall, West Midlands, WS9 8BG to 76 Chester Road, Shireoak, Walsall, West Midlands, WS8 6DU.

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 comprises revenue recognised by the company in respect of rent received during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment properties are included in the Balance Sheet at their open market value in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors

Debtors

Short Term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 106,803
DEPRECIATION
At 1 May 2023 102,892
Charge for year 979
At 30 April 2024 103,871
NET BOOK VALUE
At 30 April 2024 2,932
At 30 April 2023 3,911

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 200
At 30 April 2023 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,276,540
Additions 233,317
Disposals (154,000 )
Revaluations 769,143
At 30 April 2024 3,125,000
NET BOOK VALUE
At 30 April 2024 3,125,000
At 30 April 2023 2,276,540

PROPERTY HOLDINGS & RENTAL SERVICES
LIMITED (REGISTERED NUMBER: 05410540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. INVESTMENT PROPERTY - continued

The 2023 valuations were made by the directors, on an open market value for existing use basis. The original costs of the investment properties were £2,177,020.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,023
Other debtors - 380
Prepayments and accrued income 263 -
263 1,403

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,873 4,322
Amounts owed to participating interests 683,512 683,247
Taxation and social security 76,213 54,110
Other creditors 4,199 3,775
771,797 745,454

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who have an equal shareholding.