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REGISTERED NUMBER: 15468528 (England and Wales)















Unaudited Financial Statements

for the Period 5 February 2024 to 28 February 2025

for

J G Rentals Limited

J G Rentals Limited (Registered number: 15468528)






Contents of the Financial Statements
for the Period 5 February 2024 to 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J G Rentals Limited

Company Information
for the Period 5 February 2024 to 28 February 2025







DIRECTORS: S J Kirkham
J Greenfield





REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT





REGISTERED NUMBER: 15468528 (England and Wales)





ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT

J G Rentals Limited (Registered number: 15468528)

Balance Sheet
28 February 2025

Notes £    £   
FIXED ASSETS
Investment property 4 315,000

CURRENT ASSETS
Debtors 5 45,179
Cash at bank 27,367
72,546
CREDITORS
Amounts falling due within one year 6 218,364
NET CURRENT LIABILITIES (145,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,182

CREDITORS
Amounts falling due after more than one
year

7

(70,438

)

PROVISIONS FOR LIABILITIES 8 (24,780 )
NET ASSETS 73,964

CAPITAL AND RESERVES
Called up share capital 100
Revaluation reserve 9 73,864
73,964

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

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

J G Rentals Limited (Registered number: 15468528)

Balance Sheet - 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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





S J Kirkham - Director


J G Rentals Limited (Registered number: 15468528)

Notes to the Financial Statements
for the Period 5 February 2024 to 28 February 2025

1. STATUTORY INFORMATION

J G Rentals 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.

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

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

Taxation
Taxation for the period 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 period 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 period was NIL.

J G Rentals Limited (Registered number: 15468528)

Notes to the Financial Statements - continued
for the Period 5 February 2024 to 28 February 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 5 February 2024 204,516
Revaluations 110,484
At 28 February 2025 315,000
NET BOOK VALUE
At 28 February 2025 315,000
At 4 February 2024 204,516

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 110,484
Cost 204,516
315,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments and accrued income 45,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 495
Directors' current accounts 216,549
Accruals and deferred income 1,320
218,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans - 1-2 years 7,159
Bank loans to be repaid
between 2 & 5 years by
instalments 14,319
Bank loans to be repaid after
5 years by instalments 48,960
70,438

Amounts falling due in more than five years:

Repayable by instalments
Bank loans to be repaid after
5 years by instalments 48,960
48,960

J G Rentals Limited (Registered number: 15468528)

Notes to the Financial Statements - continued
for the Period 5 February 2024 to 28 February 2025

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 24,780

Deferred
tax
£   
Provided during period 24,780
Balance at 28 February 2025 24,780

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

Profit for the period 73,864 73,864
Non distributable reserves (73,864 ) 73,864 -
At 28 February 2025 - 73,864 73,864