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Registration number: 10013118

G&M Rentals (South East) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

G&M Rentals (South East) Ltd

(Registration number: 10013118)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 12,604 | 16,805
Investment property | 6 | 2,600,676 | 2,600,676
|  | 2,613,280 | 2,617,481
Current assets |  |  |
Debtors | 7 | 874,994 | 957,507
Cash at bank and in hand |  | 5,049 | 18,387
|  | 880,043 | 975,894
Creditors: Amounts falling due within one year | 8 | (1,711,261) | (1,695,053)
Net current liabilities |  | (831,218) | (719,159)
Total assets less current liabilities |  | 1,782,062 | 1,898,322
Creditors: Amounts falling due after more than one year | 8 | (1,006,767) | (1,112,462)
Provisions for liabilities |  | - | (3,193)
Net assets |  | 775,295 | 782,667
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 603,059 | 603,059
Retained earnings |  | 172,136 | 179,508
Shareholders' funds |  | 775,295 | 782,667

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

G&M Rentals (South East) Ltd

(Registration number: 10013118)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:

......................................... Mr GS Smart Director

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 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:
Units 2 & 3 Nepicar Park
London Road
Wrotham
Kent
TN15 7AF
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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:
i) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances.

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.

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

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.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Revaluation Reserve as the company is using the revaluation method..

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 4,201 | 5,602

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

5 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 13,400 | 17,740 | 31,140
At 28 February 2025 | 13,400 | 17,740 | 31,140
Depreciation
At 1 March 2024 | 5,623 | 8,712 | 14,335
Charge for the year | 1,945 | 2,256 | 4,201
At 28 February 2025 | 7,568 | 10,968 | 18,536
Carrying amount
At 28 February 2025 | 5,832 | 6,772 | 12,604
At 29 February 2024 | 7,777 | 9,028 | 16,805

6 | Investment properties

| 2025 £
At 1 March | 2,600,676
At 28 February | 2,600,676

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 15,723 | 10,923
Prepayments | 835 | 730
Other debtors | 858,436 | 945,854
| 874,994 | 957,507

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 154,871 | 211,723
Trade creditors |  | 4,209 | 48,468
Taxation and social security |  | 15,637 | 17,719
Accruals and deferred income |  | 2,910 | 29,638
Other creditors |  | 1,533,634 | 1,387,505
|  | 1,711,261 | 1,695,053

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 886,767 | 992,462
Other financial liabilities |  | 120,000 | 120,000
|  | 1,006,767 | 1,112,462

G&M Rentals (South East) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 742,080 | 835,108
Other borrowings | 144,687 | 157,354
| 886,767 | 992,462

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 92,500 | 92,500
Other borrowings | 62,371 | 119,223
| 154,871 | 211,723