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Registration number: 09943838

2PV Rentals Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

2PV Rentals Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

2PV Rentals Limited

Company Information

Directors | I K Patrick-Valentine P S Patrick-Valentine

Registered office | 4 The Axium Centre Dorchester Road Lytchett Minster Poole Dorset BH16 6FE

Accountants | Addicus Plus Limited Chartered Certified Accountants4 The Axium Centre Dorchester Road Lytchett Minster Poole Dorset BH16 6FE

2PV Rentals Limited

(Registration number: 09943838)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,283,438 | 2,400,000
Current assets |  |  |
Debtors | 5 | 39,276 | 30,291
Cash at bank and in hand |  | 12,393 | 3,634
|  | 51,669 | 33,925
Creditors: Amounts falling due within one year | 6 | (1,809) | (5,800)
Net current assets |  | 49,860 | 28,125
Total assets less current liabilities |  | 2,333,298 | 2,428,125
Creditors: Amounts falling due after more than one year | 6 | (2,280,765) | (2,361,481)
Provisions for liabilities |  | (46,132) | (47,839)
Net assets |  | 6,401 | 18,805
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 6,301 | 18,705
Shareholders' funds |  | 6,401 | 18,805

For the financial 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.

2PV Rentals Limited

(Registration number: 09943838)
Balance Sheet as at 31 March 2025

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

I K Patrick-Valentine Director |  |

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

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.

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 deferred 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.

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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 | 20% reducing balance

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 2,400,000 | - | 2,400,000
Revaluations | (50,351) | - | (50,351)
Additions | 18,587 | 41,797 | 60,384
Disposals | (118,236) | - | (118,236)
At 31 March 2025 | 2,250,000 | 41,797 | 2,291,797
Depreciation
Charge for the year | - | 8,359 | 8,359
At 31 March 2025 | - | 8,359 | 8,359
Carrying amount
At 31 March 2025 | 2,250,000 | 33,438 | 2,283,438
At 31 March 2024 | 2,400,000 | - | 2,400,000

Included within the net book value of land and buildings above is £2,250,000 (2024 - £2,400,000) in respect of freehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 38,776 | 29,841
Prepayments | 500 | 450
| 39,276 | 30,291

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | - | 4,600
Trade creditors |  | 539 | -
Taxation and social security |  | 70 | -
Accruals and deferred income |  | 1,200 | 1,200
|  | 1,809 | 5,800

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 2,280,765 | 2,361,481

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,163,139 | 1,335,856
Other borrowings | 1,117,626 | 1,025,625
| 2,280,765 | 2,361,481

2PV Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 4,600

8 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 1,500 | 3,000