Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-31false22024-04-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02307776 2024-04-01 2025-03-31 02307776 2023-04-01 2024-03-31 02307776 2025-03-31 02307776 2024-03-31 02307776 c:Director3 2024-04-01 2025-03-31 02307776 c:Director4 2024-04-01 2025-03-31 02307776 d:FreeholdInvestmentProperty 2025-03-31 02307776 d:FreeholdInvestmentProperty 2024-03-31 02307776 d:CurrentFinancialInstruments 2025-03-31 02307776 d:CurrentFinancialInstruments 2024-03-31 02307776 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02307776 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02307776 d:ShareCapital 2025-03-31 02307776 d:ShareCapital 2024-03-31 02307776 d:RevaluationReserve 2025-03-31 02307776 d:RevaluationReserve 2024-03-31 02307776 d:RetainedEarningsAccumulatedLosses 2025-03-31 02307776 d:RetainedEarningsAccumulatedLosses 2024-03-31 02307776 c:FRS102 2024-04-01 2025-03-31 02307776 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02307776 c:AbridgedAccounts 2024-04-01 2025-03-31 02307776 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02307776 d:OtherDeferredTax 2025-03-31 02307776 d:OtherDeferredTax 2024-03-31 02307776 5 2024-04-01 2025-03-31 02307776 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 02307776









KENNETH RICE & SONS RENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
KENNETH RICE & SONS RENTS LIMITED
REGISTERED NUMBER: 02307776

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
80,000
80,000

  
80,000
80,000

Current assets
  

Debtors: amounts falling due within one year
 5 
612
438

Cash at bank and in hand
 6 
6,482
657,584

  
7,094
658,022

Creditors: amounts falling due within one year
 7 
(10,372)
(43,817)

Net current (liabilities)/assets
  
 
 
(3,278)
 
 
614,205

Total assets less current liabilities
  
76,722
694,205

Provisions for liabilities
  

Deferred tax
 8 
(12,580)
(12,580)

  
 
 
(12,580)
 
 
(12,580)

Net assets
  
64,142
681,625


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
74,431
74,431

Profit and loss account
  
(10,389)
607,094

  
64,142
681,625


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 August 2025.
Page 1

 
KENNETH RICE & SONS RENTS LIMITED
REGISTERED NUMBER: 02307776
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025



J Rice -West
B Rice-West
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KENNETH RICE & SONS RENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Kenneth Rice and Sons Rents 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


Page 3

 
KENNETH RICE & SONS RENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Revaluation of investment property

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Administration
2
2

Page 4

 
KENNETH RICE & SONS RENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
80,000



At 31 March 2025
80,000


Comprising


The 2025 valuations were made by  LP and M Chartered Surveyors.  All properties are included at current values, on an open market value for existing use basis.



At 31 March 2025





5.


Debtors

2025
2024
£
£


Prepayments and accrued income
612
438

612
438



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
6,482
657,584

6,482
657,584


Page 5

 
KENNETH RICE & SONS RENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
590
27,417

Accruals and deferred income
9,782
16,400

10,372
43,817



8.


Deferred taxation




2025


£






At beginning of year
(12,580)



At end of year
(12,580)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Revaluation of investment properties
(12,580)
(12,580)

(12,580)
(12,580)

 
Page 6