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REGISTERED NUMBER: 11544141 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SOUTHAMPTON RENTAL PROPERTIES LTD

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHAMPTON RENTAL PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S E Hacking
P E J Hellier





REGISTERED OFFICE: 11 Oakenbrow
Sway
Lymington
Hampshire
SO41 6DY





REGISTERED NUMBER: 11544141 (England and Wales)





ACCOUNTANTS: Ray Bartlett & Co
Accountants & Taxation Consultants
52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,160,346 6,434,864

CURRENT ASSETS
Debtors 5 3,670 2,620
Cash at bank 230,985 697,772
234,655 700,392
CREDITORS
Amounts falling due within one year 6 (172,293 ) (306,346 )
NET CURRENT ASSETS 62,362 394,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,222,708

6,828,910

CREDITORS
Amounts falling due after more than one
year

7

(1,481,897

)

(3,341,054

)

PROVISIONS FOR LIABILITIES 10 (2,173 ) (1,371 )
NET ASSETS 3,738,638 3,486,485

CAPITAL AND RESERVES
Called up share capital 11 2,305,542 2,305,542
Retained earnings 12 1,433,096 1,180,943
SHAREHOLDERS' FUNDS 3,738,638 3,486,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

BALANCE SHEET - continued
31 AUGUST 2024


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 Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




S E Hacking - Director



P E J Hellier - Director


SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Southampton Rental Properties Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 6,427,650 1,124 12,841 6,441,615
Additions - - 3,715 3,715
Disposals (1,275,995 ) - - (1,275,995 )
At 31 August 2024 5,151,655 1,124 16,556 5,169,335
DEPRECIATION
At 1 September 2023 - 514 6,237 6,751
Charge for year - 153 2,085 2,238
At 31 August 2024 - 667 8,322 8,989
NET BOOK VALUE
At 31 August 2024 5,151,655 457 8,234 5,160,346
At 31 August 2023 6,427,650 610 6,604 6,434,864

Included in cost of land and buildings is freehold land of £ 5,151,655 (2023 - £ 6,427,650 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 3,670 2,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,516 -
Tenants deposits 22,016 28,665
Tax 144,591 275,133
Social security and other taxes - 1,518
Directors' current accounts 2,670 1,030
Accrued expenses 1,500 -
172,293 306,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 8) 1,481,897 3,341,054

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,440,511 3,292,269

8. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 8,400 8,400
Bounce Back Loan 32,986 40,385
41,386 48,785

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,440,511 3,292,269

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 1,481,897 3,341,054

The loans are secured against the properties to which they relate.

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 2,173 1,371

Deferred
tax
£   
Balance at 1 September 2023 1,371
Accelerated capital allowances 802
Balance at 31 August 2024 2,173

SOUTHAMPTON RENTAL PROPERTIES LTD (REGISTERED NUMBER: 11544141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary £1 2,305,442 2,305,442
2,305,542 2,305,542

12. RESERVES
Retained
earnings
£   

At 1 September 2023 1,180,943
Profit for the year 316,153
Dividends (64,000 )
At 31 August 2024 1,433,096