Registered number
12861941
Ideal Rental Properties Limited
Filleted Accounts
31 March 2024
Ideal Rental Properties Limited
Registered number: 12861941
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 259,808 262,612
Current assets
Cash at bank and in hand 1,203 4,041
Creditors: amounts falling due within one year 4 (1,463) (1,073)
Net current (liabilities)/assets (260) 2,968
Total assets less current liabilities 259,548 265,580
Creditors: amounts falling due after more than one year 5 (274,571) (265,118)
Net (liabilities)/assets (15,023) 462
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (16,023) (538)
Shareholder's funds (15,023) 462
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Spink
Director
Approved by the board on 28 November 2024
Ideal Rental Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 262,612
Disposals (2,804)
At 31 March 2024 259,808
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 259,808
At 31 March 2023 262,612
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 838 448
Other creditors 625 625
1,463 1,073
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 188,230 188,230
Directors current account 86,341 76,888
274,571 265,118
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 188,230 188,230
7 Other information
Ideal Rental Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Deva House
Bardy Lane
Upper Longdon
Rugeley
WS15 4LJ
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