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REGISTERED NUMBER: 10598125 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BEDFORDSHIRE RENTALS LIMITED

BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEDFORDSHIRE RENTALS LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTORS: I J Watt
Mrs C Watt





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 10598125 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 335,000 335,000

CURRENT ASSETS
Debtors 5 30,140 26,956
Cash at bank 915 100
31,055 27,056
CREDITORS
Amounts falling due within one year 6 3,426 1,927
NET CURRENT ASSETS 27,629 25,129
TOTAL ASSETS LESS CURRENT LIABILITIES 362,629 360,129

CREDITORS
Amounts falling due after more than one
year

7

209,995

209,995
NET ASSETS 152,634 150,134

CAPITAL AND RESERVES
Called up share capital 8 77,100 77,100
Share premium 39,270 39,270
Revaluation reserve 9 64,761 64,761
Retained earnings (28,497 ) (30,997 )
SHAREHOLDERS' FUNDS 152,634 150,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

BALANCE SHEET - continued
29 February 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 19 November 2024 and were signed on its behalf by:





I J Watt - Director


BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

Bedfordshire Rentals 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 335,000
NET BOOK VALUE
At 29 February 2024 335,000
At 28 February 2023 335,000

Investment properties are not depreciated because the directors feel that it is stated at fair value.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2023 64,761
Cost 270,239
335,000

BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 270,239 270,239

investment property was valued on an open market basis on 7 June 2022 by the mortgage works .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 29,082 26,956
Tax 1,058 -
30,140 26,956

Monies owed by the director to the company have been repaid prior to 30/11/2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102 -
Corporation tax 1,644 366
Accrued expenses 1,680 1,561
3,426 1,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 209,995 209,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 209,995 209,995

The mortgages are interest only mortgage due to complete in 2036.

BEDFORDSHIRE RENTALS LIMITED (REGISTERED NUMBER: 10598125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
38,500 Ordinary A £1 38,500 38,500
38,500 Ordinary B £1 38,500 38,500
77,100 77,100

9. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 64,761

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors in concert.