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REGISTERED NUMBER: 13911278 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

L Murdock Rentals Ltd

L Murdock Rentals Ltd (Registered number: 13911278)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L Murdock Rentals Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: L A Murdock



REGISTERED OFFICE: 18 Horseshoe Drive
Over
Gloucester
GL2 8BZ



REGISTERED NUMBER: 13911278 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Monzo
Broadwalk House
5 Appold Street
London
EC2A 2AG

L Murdock Rentals Ltd (Registered number: 13911278)

Statement of Financial Position
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
FIXED ASSETS
Investment property 4 405,000 390,186

CURRENT ASSETS
Cash at bank 2,033 2,336

CREDITORS
Amounts falling due within one year 5 93,654 103,622
NET CURRENT LIABILITIES (91,621 ) (101,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,379

288,900

CREDITORS
Amounts falling due after more than one
year

6

(283,223

)

(283,223

)

PROVISIONS FOR LIABILITIES (2,815 ) -
NET ASSETS 27,341 5,677

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 11,999 -
Retained earnings 15,242 5,577
SHAREHOLDERS' FUNDS 27,341 5,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

L Murdock Rentals Ltd (Registered number: 13911278)

Statement of Financial Position - continued
28 February 2025


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 30 April 2025 and were signed by:





L A Murdock - Director


L Murdock Rentals Ltd (Registered number: 13911278)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

L Murdock Rentals 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due for the accounting period from the investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £91,621 (2024 - £101,286) the accounts have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his willingness to support the company for the foreseeable future and therefore deems the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

L Murdock Rentals Ltd (Registered number: 13911278)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 March 2024 390,186
Revaluations 14,814
At 28 February 2025 405,000
Net book value
At 28 February 2025 405,000
At 29 February 2024 390,186

The director has reviewed the local property market and has determined the fair value of the investment properties at 28 February 2025 has increased as reflected above.

If investment properties had not been revalued they would have been included at the historical cost of £390,186 (2024 - £390,186).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Taxation and social security 2,246 1,867
Other creditors 91,408 101,755
93,654 103,622

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Bank loans 283,223 283,223

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 283,223 283,223

7. SECURED DEBTS

The following secured debts are included within creditors:

28/2/25 29/2/24
£    £   
Bank loans 283,223 283,223

The bank loans (mortgages) are secured by fixed charges over the company investment properties.

L Murdock Rentals Ltd (Registered number: 13911278)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


8. RESERVES
Fair
value
reserve
£   
Fair value gains 11,999

At 28 February 2025 11,999

9. RELATED PARTY DISCLOSURES

L A Murdock
Director

The director has loaned money to the company to assist with the purchase of the company's investment properties. At 28 February 2025, the company owed the director £90,807 (2024 - £100,179). The loan is interest free and has no fixed repayment terms.