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REGISTERED NUMBER: 12399969 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Pembery Rentals Ltd

Pembery Rentals Ltd (Registered number: 12399969)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pembery Rentals Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr J R Pembery





REGISTERED OFFICE: 5 Westbrook Court
Sharrow Vale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 12399969 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Pembery Rentals Ltd (Registered number: 12399969)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 45,314
Investment property 5 1,860,000 1,614,433
1,860,000 1,659,747

CURRENT ASSETS
Debtors 6 439,650 -
Cash at bank 52,721 -
492,371 -
CREDITORS
Amounts falling due within one year 7 1,070,629 905,864
NET CURRENT LIABILITIES (578,258 ) (905,864 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,281,742 753,883

CREDITORS
Amounts falling due after more than one year 8 (1,218,000 ) (720,000 )

PROVISIONS FOR LIABILITIES (37,166 ) (20,201 )
NET ASSETS 26,576 13,682

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 158,444 86,121
Retained earnings (131,968 ) (72,539 )
SHAREHOLDERS' FUNDS 26,576 13,682

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

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

The director acknowledges his 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.

Pembery Rentals Ltd (Registered number: 12399969)

Balance Sheet - continued
31 January 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 director and authorised for issue on 28 October 2024 and were signed by:





Mr J R Pembery - Director


Pembery Rentals Ltd (Registered number: 12399969)

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

1. STATUTORY INFORMATION

Pembery Rentals 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2023 - 1 ) .

Pembery Rentals Ltd (Registered number: 12399969)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 45,314
Disposals (45,314 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 45,314

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023 1,614,433
Additions 156,280
Revaluations 89,287
At 31 January 2024 1,860,000
NET BOOK VALUE
At 31 January 2024 1,860,000
At 31 January 2023 1,614,433

Fair value at 31 January 2024 is represented by:
£
Valuation in 2022 414,433
Valuation in 2023 1,200,000
Valuation in 2024 245,567
1,860,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 439,650 -

Pembery Rentals Ltd (Registered number: 12399969)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 1,070,629 905,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 1,218,000 720,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,218,000 720,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. RESERVES
Fair value
reserve
£
At 1 February 2023 86,121
Reval of investment prop 72,323

At 31 January 2024 158,444

Pembery Rentals Ltd (Registered number: 12399969)

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

11. RELATED PARTY DISCLOSURES

The company was owed £92,952.45 (2023 £82,952.45) to Pembery Building Ltd, which is a company
under common control of the directors.

The company was owed £68,773.55 (2023 £70,300.05) to Pembery Holiday Lets Ltd, which is a company
under common control of the directors.

The company was owed £348,120.29 (2023 £323,969.23) to 117 High Street, Clay Cross Ltd, which is a company under common control of the directors.

The company was owed £466,615.79 (2023 £354,260.83) to Pembery Contractors Ltd, which is a company under common control of the directors.

Invoices raised from Pembery Contractors Ltd to the company totalled £105,802.21.

The company was owed £439,649.85 (2023 £NIL) by Pembery Developments Ltd, which is a company under common control of the directors.