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Registration number: 9953994

Weston Property Rental Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Weston Property Rental Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

iXBRL Detailed Profit and Loss Account

12

 

Weston Property Rental Ltd

Company Information

Directors

David Imeson

Sylvia Imeson

Registered office

4 Little Mead
Romsey
SO51 8HD

Accountants

Andrew Jenvey, AIMS Accountants for Business The Incuhive Space
Hursley Park Road
Hursley
Winchester
SO21 2JN

 

Weston Property Rental Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

David Imeson

Sylvia Imeson

Principal activity

The principal activity of the company is that of property rental.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 August 2025 and signed on its behalf by:
 

.........................................
David Imeson
Director

.........................................
Sylvia Imeson
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Weston Property Rental Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Weston Property Rental Ltd for the year ended 31 December 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Weston Property Rental Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Weston Property Rental Ltd and state those matters that we have agreed to state to the Board of Directors of Weston Property Rental Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Weston Property Rental Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Weston Property Rental Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Weston Property Rental Ltd. You consider that Weston Property Rental Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Weston Property Rental Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Andrew Jenvey, AIMS Accountants for Business
The Incuhive Space
Hursley Park Road
Hursley
Winchester
SO21 2JN

11 August 2025

 

Weston Property Rental Ltd

Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

13,356

9,684

Gross profit

 

13,356

9,684

Administrative expenses

 

(9,965)

(7,631)

Operating profit

 

3,391

2,053

Interest payable and similar expenses

 

-

(140)

Profit before tax

4

3,391

1,913

Tax on profit

 

(644)

(466)

Profit for the financial year

 

2,747

1,447

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Weston Property Rental Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024
£

2023
£

Profit for the year

2,747

1,447

Total comprehensive income for the year

2,747

1,447

 

Weston Property Rental Ltd

(Registration number: 9953994)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

100,866

101,162

Current assets

 

Cash at bank and in hand

 

163,164

159,620

Creditors: Amounts falling due within one year

6

(132,334)

(131,833)

Net current assets

 

30,830

27,787

Net assets

 

131,696

128,949

Capital and reserves

 

Retained earnings

131,696

128,949

Shareholders' funds

 

131,696

128,949

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 11 August 2025 and signed on its behalf by:
 

.........................................
David Imeson
Director

.........................................
Sylvia Imeson
Director

 

Weston Property Rental Ltd

Statement of Changes in Equity for the Year Ended 31 December 2024

Retained earnings
£

Total
£

At 1 January 2024

128,949

128,949

Profit for the year

2,747

2,747

At 31 December 2024

131,696

131,696

Retained earnings
£

Total
£

At 1 January 2023

40,802

40,802

Profit for the year

1,447

1,447

Dividends

86,700

86,700

At 31 December 2023

128,949

128,949

 

Weston Property Rental Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Little Mead
Romsey
SO51 8HD

These financial statements were authorised for issue by the Board on 11 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Weston Property Rental Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

297

399

 

Weston Property Rental Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

100,000

566

8,640

109,206

At 31 December 2024

100,000

566

8,640

109,206

Depreciation

At 1 January 2024

-

490

7,554

8,044

Charge for the year

-

25

271

296

At 31 December 2024

-

515

7,825

8,340

Carrying amount

At 31 December 2024

100,000

51

815

100,866

At 31 December 2023

100,000

76

1,086

101,162

Included within the net book value of land and buildings above is £100,000 (2023 - £100,000) in respect of freehold land and buildings.
 

 

Weston Property Rental Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

701

466

Accruals and deferred income

750

485

Other creditors

130,883

130,882

132,334

131,833

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

8

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £(86.70)) per ordinary share

-

(86,700)

 

 
 

Weston Property Rental Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover/revenue

13,356

9,684

Cost of sales

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,442)

(485)

Other repairs and maintenance costs

(2,663)

(612)

Depreciation of fixed assets

(297)

(399)

Vehicle costs

(5,498)

(5,699)

Bank charges

(65)

(62)

Insurance costs

-

(374)

Other operating income

Other items

Profit on ordinary activities before finance charges and interest

3,391

2,053

Non-bank interest and similar charges

-

(140)

Profit on ordinary activities before taxation

3,391

1,913

Tax on profit or loss on ordinary activities

(644)

(466)

Profit for the financial year

2,747

1,447