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Company registration number: 14894109
AK Rental Properties Limited
Unaudited filleted financial statements
31 May 2024
AK Rental Properties Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
AK Rental Properties Limited
Directors and other information
Director Mr Abul Kashim (Appointed 25 May 2023)
Company number 14894109
Registered office The Dublin Packet
Rhos y Gaer Terrace
Holyhead
LL65 2HW
Business address The Dublin Packet
Rhos y Gaer Terrace
Holyhead
LL65 2HW
Accountants WJ Matthews & Son
11-15 Bridge Street
Caernarfon
Gwynedd
LL55 1AB
AK Rental Properties Limited
Statement of financial position
31 May 2024
31/05/24
Note £ £
Current assets
Cash at bank and in hand 16,271
_______
16,271
Creditors: amounts falling due
within one year 4 ( 5,156)
_______
Net current assets 11,115
_______
Total assets less current liabilities 11,115
_______
Net assets 11,115
_______
Capital and reserves
Called up share capital 10
Profit and loss account 11,105
_______
Shareholder funds 11,115
_______
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
Mr Abul Kashim
Director
Company registration number: 14894109
AK Rental Properties Limited
Notes to the financial statements
Period ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is The Dublin Packet, Rhos y Gaer Terrace, Holyhead, LL65 2HW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Creditors: amounts falling due within one year
31/05/24
£
Corporation tax 2,875
Other creditors 2,281
_______
5,156
_______
5. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/05/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Abul Kashim - ( 1,321) ( 1,321)
_______ _______ _______
6. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value
Period
ended
31/05/24
£
Rental of property 12,000
_______
The rent paid by the company was for the use of property owned by its director.
7. Controlling party
The company is controlled by its director.