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Registered number: 12065368
RentMy Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
Office 12
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 12065368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,513 10,543
Tangible Assets 5 328 -
Investments 6 2 -
3,843 10,543
CURRENT ASSETS
Debtors 7 9,181 17,184
Cash at bank and in hand 1,611 9,767
10,792 26,951
Creditors: Amounts Falling Due Within One Year 8 (767,730 ) (593,823 )
NET CURRENT ASSETS (LIABILITIES) (756,938 ) (566,872 )
TOTAL ASSETS LESS CURRENT LIABILITIES (753,095 ) (556,329 )
NET LIABILITIES (753,095 ) (556,329 )
CAPITAL AND RESERVES
Called up share capital 9 226 222
Share premium account 527,484 437,483
Profit and Loss Account (1,280,805 ) (994,034 )
SHAREHOLDERS' FUNDS (753,095) (556,329)
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas West
Director
31 March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 July 2022 222 209,992 (541,286 ) (331,072)
Loss for the year and total comprehensive income - - (452,748 ) (452,748)
Arising on shares issued during the period - 217,491 - 217,491
Expenses on shares issued during the period - 10,000 - 10,000
As at 30 June 2023 and 1 July 2023 222 437,483 (994,034 ) (556,329)
Loss for the year and total comprehensive income - - (286,771 ) (286,771)
Arising on shares issued during the period - 90,001 - 90,001
As at 30 June 2024 226 527,484 (1,280,805 ) (753,095)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
RentMy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12065368 . The registered office is C/O Mjb Avanti, Office 12 Epsilon House, West Road, Ipswich, IP3 9FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over the shorter of its estimated economic life or seven years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are investments.  It is amortised to profit and loss account over its estimated economic life of one year.
.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 5)
3 5
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Page 5
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 35,148
As at 30 June 2024 35,148
Amortisation
As at 1 July 2023 24,605
Provided during the period 7,030
As at 30 June 2024 31,635
Net Book Value
As at 30 June 2024 3,513
As at 1 July 2023 10,543
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 -
Additions 383
As at 30 June 2024 383
Depreciation
As at 1 July 2023 -
Provided during the period 55
As at 30 June 2024 55
Net Book Value
As at 30 June 2024 328
As at 1 July 2023 -
6. Investments
Listed
£
Cost
As at 1 July 2023 -
Additions 10,000
As at 30 June 2024 10,000
Provision
As at 1 July 2023 -
Added in period 9,998
As at 30 June 2024 9,998
...CONTINUED
Page 5
Page 6
Net Book Value
As at 30 June 2024 2
As at 1 July 2023 -
Subsidiary undertakings:
Name:                            PA-RENT (Scotland) Ltd 
Registered Office:           Exchange Tower, 19 Canning Street, Edingburgh, EH3 8EH
Principal Actvity:             Rental and leasing of perosnal and household goods
Class of Share:               2 x £1 Ordinary
Holding:                          100%
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,181 17,184
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 121,065 91,153
Other creditors 602,591 459,251
Taxation and social security 44,074 43,419
767,730 593,823
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 226 222
10. Related Party Transactions
Mr Thomas West, a Director of RentMy Ltd, is also a Director of South Street Pubs Ltd, who have provided loans to RentMy Ltd of £383,221 (2023 - £249,309).
11.
The accounts have been prepared on a going concern basis despite the balance sheet 
deficiency on the grounds that:-
a) The Directors' have undertaken not to seek repayment of their directors loan accounts 
for the following year, if this was to leave the company unable to meet its other obligations
b) The Directors' are confident that future profitability will eliminate the deficiency.
c) The Company has the full support of the bank.
Page 6