REGISTERED NUMBER: 09911025 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Old Vic Property Rentals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Singh

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

09911025 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Investment property

4

1,345,000

1,500,000

CURRENT ASSETS

Debtors

5

3,693

3,447

Cash at bank

88,426

20,193

92,119

23,640

CREDITORS

Amounts falling due within one year

6

108,956

79,122

NET CURRENT LIABILITIES

(16,837

)

(55,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,328,163

1,444,518

CREDITORS

Amounts falling due after more than one year

7

(746,133

)

(724,648

)

PROVISIONS FOR LIABILITIES

(135,240

)

(173,990

)

NET ASSETS

446,790

545,880

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

446,789

545,879

SHAREHOLDERS' FUNDS

446,790

545,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

R Singh - Director

1.	STATUTORY INFORMATION

Old Vic Property Rentals 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

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.

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 (2023 - 2 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,500,000

Revaluations

(155,000

)

At 31 December 2024

1,345,000

NET BOOK VALUE

At 31 December 2024

1,345,000

At 31 December 2023

1,500,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

124,774

Valuation in 2018

199,329

Valuation in 2021

400,000

Valuation in 2024

(155,000

)

Cost

775,897

1,345,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

3,693

3,447

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,577

28,539

Taxation and social security

5,677

4,154

Other creditors

93,702

46,429

108,956

79,122

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

746,133

724,648

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

377,570

623,507

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

755,710

753,187

Lloyds Bank PLC created two charges dated 26 June 2017 and 17 August 2017, respectively, over the property known as, The Old Vic, 104 St Pauls Road, Southsea, Hampshire, PO5 4AQ.

Shawbrook Bank Limited created a charge dated 11 April 2023 over the property known as 40-48, Albert Road, Southsea, Hampshire, PO5 2SJ.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R Singh.