Registered number |
Company Information |
Directors |
Accountants |
Keith Graham |
Chartered Accountants |
Suite 2 Wesley Chambers |
Queens Road |
Aldershot |
Hampshire |
GU11 3JD |
Bankers |
25 Gresham Street |
London |
EC2V 7HN |
Registered office |
12 The Market Place |
Market Bosworth |
Nuneaton |
Leicestershire |
CV13 0LE |
Registered number |
DMS Rentals Limited | ||||
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DMS Rentals Limited for the year ended 31 January 2024 | ||||
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DMS Rentals Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. | ||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance. | ||||
This report is made solely to the Board of Directors of DMS Rentals Limited, as a body, in accordance with the terms of our engagement letter dated 21 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of DMS Rentals Limited and state those matters that we have agreed to state to the Board of Directors of DMS Rentals Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DMS Rentals Limited and its Board of Directors as a body for our work or for this report. | ||||
It is your duty to ensure that DMS Rentals Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DMS Rentals Limited. You consider that DMS Rentals Limited is exempt from the statutory audit requirement for the year. | ||||
We have not been instructed to carry out an audit or a review of the accounts of DMS Rentals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. | ||||
Keith Graham | ||||
Chartered Accountants | ||||
Suite 2 Wesley Chambers | ||||
Queens Road | ||||
Aldershot | ||||
Hampshire | ||||
GU11 3JD | ||||
30 October 2024 | ||||
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
||||
Net current liabilities | ( |
( |
|||||
Total assets less current liabilities | ( |
||||||
Provisions for liabilities | - | ( |
|||||
Net (liabilities)/assets | ( |
||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Fair value reserve | 7 | ( |
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Profit and loss account | |||||||
Shareholder's funds | ( |
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Mr C T J Bolton | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The company is technically insolvent but for the continued support of the Bolton Holdings Limited group. |
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Turnover | ||||||||
Tangible fixed assets | ||||||||
Investment properties, vehicles and pictures | Revalued to fair value annually | |||||||
Office equipment | 20% Straight Line | |||||||
Investment properties, vehicles and pictures | ||||||||
Judgement of valuers | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Office equipment | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 February 2023 | ||||||||
Additions | - | |||||||
Surplus on revaluation | ( |
- | ( |
|||||
At 31 January 2024 | ||||||||
Depreciation | ||||||||
Charge for the year | - | |||||||
At 31 January 2024 | - | |||||||
Net book value | ||||||||
At 31 January 2024 | ||||||||
At 31 January 2023 | ||||||||
Freehold land and buildings: | 2024 | 2023 | ||||||
£ | £ | |||||||
Historical cost | 1,854,147 | 437,102 | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
The valuation work was carried out by Mr C Bolton, a director in the company, as at the 31 January 2024. This valuation was calculated through the use of freely available online property valuation websites, adjusted for timing based on any movements for the year end and Mr Bolton's knowledge and understanding of the property market in the local area. | ||||||||
4 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 February 2023 | ||||||||
Additions | ||||||||
Revaluation included in the profit and loss | ( |
|||||||
At 31 January 2024 | ||||||||
The valuation work was carried out by Mr C Bolton, a director in the company, as at the 31 January 2024. This was calculated through the use of freely available online car auctions and attendance at auctions, adjusted for timing based on any movements for the year end and Mr Bolton's knowledge and understanding of the motor investment market. The value of other Investments was confirmed as accurate by Ewbank's Auctioneers. | ||||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Fair value reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 February 2023 | - | |||||||
(Loss)/gain on revaluation of property, vehicles and pictures | ( |
|||||||
Deferred taxation arising on the revaluation of the above | ( |
|||||||
At 31 January 2024 | ( |
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8 | Related party transactions | |||||||
During the year the company rented office space from BigPaws4Thought Ltd, a company limited by guarantee, for £5,000 (2023 £nil). Charles Bolton is a director of this company. |
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9 | Controlling party | |||||||
Unit 2-3 Blacknest Business Park, Blacknest Road, Near Bentley, Alton, Hampshire, GU34 4PX |
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10 | Other information | |||||||
DMS Rentals Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
12 The Market Place | ||||||||
Market Bosworth | ||||||||
Nuneaton | ||||||||
Leicestershire | ||||||||
CV13 0LE | ||||||||
The financial statements are presented in Sterling, which is the functional currency of the company. |