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REGISTERED NUMBER: 10618207 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

RENT CONNECT PROPERTIES LIMITED

RENT CONNECT PROPERTIES LIMITED (REGISTERED NUMBER: 10618207)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENT CONNECT PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr L A Leviton





REGISTERED OFFICE: 726 Capability Green
Luton
Bedfordshire
LU1 3LU





REGISTERED NUMBER: 10618207 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

RENT CONNECT PROPERTIES LIMITED (REGISTERED NUMBER: 10618207)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 34,844 1,480,430

CREDITORS
Amounts falling due within one year 5 11,680 144,598
NET CURRENT ASSETS 23,164 1,335,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,164

1,335,832

CREDITORS
Amounts falling due after more than one year 6 16,667 26,667
NET ASSETS 6,497 1,309,165

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,397 1,309,065
SHAREHOLDERS' FUNDS 6,497 1,309,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 3 December 2024 and were signed by:





Mr L A Leviton - Director


RENT CONNECT PROPERTIES LIMITED (REGISTERED NUMBER: 10618207)

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

1. STATUTORY INFORMATION

Rent Connect Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 34,184 1,480,430
Tax 660 -
34,844 1,480,430

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Tax - 131,238
Accruals and deferred income 1,680 3,360
11,680 144,598

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 16,667 26,667

RENT CONNECT PROPERTIES LIMITED (REGISTERED NUMBER: 10618207)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 31.3.23 31.3.22
5,000 A Ordinary 1p 50.00 50.00
2,499 B Ordinary 1p 50.00 50.00
2,499 C Ordinary 1p 25.00 25.00
1 D Ordinary 1p 1.00 1.00
1 E Ordinary 1p 0.01 0.01
100.01 100.01

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £34,184 (2023: £1,480,430) due from Rent Connect Housing Limited, companies in which there is common directorship.

9. ULTIMATE CONTROLLING PARTY

The company is deemed to be controlled equally by L A Leviton and B S Leviton by virtue of their shareholdings.