2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,814 1,482 4,296 704 814 1,518 2,778 2,110 4,000 4,000 4,000 xbrli:pure xbrli:shares iso4217:GBP 09201246 2024-04-01 2025-03-31 09201246 2025-03-31 09201246 2024-03-31 09201246 2023-04-01 2024-03-31 09201246 2024-03-31 09201246 2023-03-31 09201246 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09201246 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 09201246 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 09201246 bus:Director3 2024-04-01 2025-03-31 09201246 core:WithinOneYear 2025-03-31 09201246 core:WithinOneYear 2024-03-31 09201246 core:ShareCapital 2025-03-31 09201246 core:ShareCapital 2024-03-31 09201246 core:SharePremium 2025-03-31 09201246 core:SharePremium 2024-03-31 09201246 core:RetainedEarningsAccumulatedLosses 2025-03-31 09201246 core:RetainedEarningsAccumulatedLosses 2024-03-31 09201246 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 09201246 core:Non-currentFinancialInstruments 2025-03-31 09201246 core:Non-currentFinancialInstruments 2024-03-31 09201246 bus:Director1 2024-04-01 2025-03-31 09201246 bus:SmallEntities 2024-04-01 2025-03-31 09201246 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09201246 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09201246 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09201246 bus:FullAccounts 2024-04-01 2025-03-31 09201246 bus:OrdinaryShareClass1 2025-03-31 09201246 bus:OrdinaryShareClass1 2024-03-31 09201246 bus:OrdinaryShareClass2 2025-03-31 09201246 bus:OrdinaryShareClass2 2024-03-31 09201246 bus:OrdinaryShareClass3 2025-03-31 09201246 bus:AllOrdinaryShares 2025-03-31 09201246 bus:AllOrdinaryShares 2024-03-31 09201246 core:OfficeEquipment 2024-04-01 2025-03-31 09201246 core:OfficeEquipment 2024-03-31 09201246 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 09201246
Rentr Limited
Filleted Unaudited Financial Statements
31 March 2025
Rentr Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
4
2,778
2,110
Investments
5
4,000
4,000
------
------
6,778
6,110
Current assets
Debtors
6
37,340
23,877
Cash at bank and in hand
234,870
275,971
--------
--------
272,210
299,848
Prepayments and accrued income
2,371
2,216
Creditors: amounts falling due within one year
7
65,339
26,499
--------
--------
Net current assets
209,242
275,565
--------
--------
Total assets less current liabilities
216,020
281,675
--------
--------
Capital and reserves
Called up share capital
8
19,831
17,451
Share premium account
2,156,456
1,408,836
Profit and loss account
( 1,960,267)
( 1,144,612)
-----------
-----------
Shareholders funds
216,020
281,675
-----------
-----------
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.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Rentr Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
V. Tara
Director
Company registration number: 09201246
Rentr Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with company number 09201246 . The address of the registered office is 21-23 Clemens Street, Leamington Spa, Warwickshire, CV31 2DW.
2. 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 company and rounded to the nearest £.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
33% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in joint ventures
Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024
2,814
2,814
Additions
1,482
1,482
------
------
At 31 March 2025
4,296
4,296
------
------
Depreciation
At 1 April 2024
704
704
Charge for the year
814
814
------
------
At 31 March 2025
1,518
1,518
------
------
Carrying amount
At 31 March 2025
2,778
2,778
------
------
At 31 March 2024
2,110
2,110
------
------
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2024 and 31 March 2025
4,000
------
Impairment
At 1 April 2024 and 31 March 2025
------
Carrying amount
At 31 March 2025
4,000
------
At 31 March 2024
4,000
------
6. Debtors
2025
2024
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
15,000
8,000
Other debtors
22,340
15,877
-------
-------
37,340
23,877
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
34,306
22,012
Social security and other taxes
13,900
3,374
Other creditors
17,133
1,113
-------
-------
65,339
26,499
-------
-------
8. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 0.01 each
1,586,300
15,863
1,586,300
15,863
Preference A shares of £ 0.01 each
158,800
1,588
158,800
1,588
Preference B shares of £ 0.01 each
237,969
2,380
-----------
-------
-----------
-------
1,983,069
19,831
1,745,100
17,451
-----------
-------
-----------
-------
On 2nd December 2024 the company issued 79,323 Preference B shares at £0.01 nominal value On 22nd January 2025 the company issued 158,646 Preference B shares at £0.01 nominal value
9. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in debit by £4,640 (2024: £4,640). There is no fixed term for repayment and no interest is charged.
10. Related party transactions
The company was under the control of Mr V. Tara throughout the current year.