REGISTERED NUMBER: 12438465 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2025

for

Turnkey Rentals Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Smith

Mr C Smith

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

12438465 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

703

926

Investment property

5

805,000

905,000

805,703

905,926

CURRENT ASSETS

Debtors

6

4,685

3,785

Cash at bank

4,626

1,623

9,311

5,408

CREDITORS

Amounts falling due within one year

7

109,590

142,351

NET CURRENT LIABILITIES

(100,279

)

(136,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

705,424

768,983

CREDITORS

Amounts falling due after more than one year

8

(324,148

)

(400,048

)

PROVISIONS FOR LIABILITIES

(46,627

)

(36,303

)

NET ASSETS

334,649

332,632

CAPITAL AND RESERVES

Called up share capital

10

81,692

81,692

Share premium

11

81,690

81,690

Fair value reserve

11

133,653

154,014

Retained earnings

11

37,614

15,236

SHAREHOLDERS' FUNDS

334,649

332,632

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

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

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 11th September 2025 and were signed on its behalf by:

Mrs L Smith - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st March 2024

and 28th February 2025

1,178

250

150

1,578

DEPRECIATION

At 1st March 2024

496

67

89

652

Charge for year

171

36

16

223

At 28th February 2025

667

103

105

875

NET BOOK VALUE

At 28th February 2025

511

147

45

703

At 29th February 2024

682

183

61

926

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st March 2024

905,000

Disposals

(100,000

)

At 28th February 2025

805,000

NET BOOK VALUE

At 28th February 2025

805,000

At 29th February 2024

905,000

Fair value at 28th February 2025 is represented by:

£

Valuation in 2023

100,141

Valuation in 2024

80,000

Cost

624,859

805,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

624,859

714,859

Investment property was valued on an open market basis on 28th February 2025 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

4,685

3,785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Tax

6,683

1,076

Other creditors

4,385

3,785

Related parties

39,896

38,296

Directors' current accounts

56,553

90,228

Deferred income

875

8,004

Accrued expenses

1,198

962

109,590

142,351

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans more 5 yrs non-inst

324,148

400,048

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

324,148

400,048

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

324,148

400,048

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

81,692

Ordinary

£1

81,692

81,692

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1st March 2024

15,236

81,690

154,014

250,940

Profit for the year

2,017

2,017

Assets revalued in period

20,361

-

(20,361

)

-

At 28th February 2025

37,614

81,690

133,653

252,957

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date, there was an amount due to a company under common control of £39,896 (2024: £38,296).

This loan is interest free, repayable on demand and not secured against any assets.