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Company Registration No. 13493049 (England and Wales)
SOUTHCOAST RENTALS LTD Unaudited accounts for the year ended 31 July 2024
SOUTHCOAST RENTALS LTD Unaudited accounts Contents
Page
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SOUTHCOAST RENTALS LTD Company Information for the year ended 31 July 2024
Director
Mark Seaney
Company Number
13493049 (England and Wales)
Registered Office
56 WINNHAM DRIVE FAREHAM HAMPSHIRE PO16 8QG UNITED KINGDOM
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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SOUTHCOAST RENTALS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
196,824 
196,824 
Current assets
Cash at bank and in hand
1,282 
2,424 
Creditors: amounts falling due within one year
(192,580)
(198,218)
Net current liabilities
(191,298)
(195,794)
Net assets
5,526 
1,030 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,426 
930 
Shareholders' funds
5,526 
1,030 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2024 and were signed on its behalf by
Mark Seaney Director Company Registration No. 13493049
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SOUTHCOAST RENTALS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
SOUTHCOAST RENTALS LTD is a private company, limited by shares, registered in England and Wales, registration number 13493049. The registered office is 56 WINNHAM DRIVE, FAREHAM, HAMPSHIRE, PO16 8QG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Other tangible fixed assets
25% Straight Line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2023
196,824 
At 31 July 2024
196,824 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
196,824 
At 31 July 2023
196,824 
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SOUTHCOAST RENTALS LTD Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,289 
453 
Loans from directors
190,741 
197,215 
Accruals
550 
550 
192,580 
198,218 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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