Company Registration No. 13845521 (England and Wales)
FIS Rentals Ltd
Unaudited accounts
for the year ended 31 January 2025
FIS Rentals Ltd
Unaudited accounts
Contents
FIS Rentals Ltd
Company Information
for the year ended 31 January 2025
Directors
Elizabeth Susan Rickinson
Christopher Philip Fletcher
Company Number
13845521 (England and Wales)
Registered Office
358 Scalby Road
Scarborough
North Yorkshire
YO12 6ED
England
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
FIS Rentals Ltd
Statement of financial position
as at 31 January 2025
Investment property
280,000
140,000
Cash at bank and in hand
1,078
4,998
Creditors: amounts falling due within one year
(182,360)
(55,010)
Net current liabilities
(181,282)
(49,890)
Total assets less current liabilities
98,718
90,110
Creditors: amounts falling due after more than one year
(78,747)
(78,749)
Provisions for liabilities
Deferred tax
(2,979)
(2,159)
Called up share capital
2
2
Revaluation reserve
55,851
20,144
Profit and loss account
(38,861)
(10,944)
Shareholders' funds
16,992
9,202
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by
Christopher Philip Fletcher
Director
Company Registration No. 13845521
FIS Rentals Ltd
Notes to the Accounts
for the year ended 31 January 2025
FIS Rentals Ltd is a private company, limited by shares, registered in England and Wales, registration number 13845521. The registered office is 358 Scalby Road, Scarborough, North Yorkshire, YO12 6ED, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The turnover shown in the profit and loss account represents the total invoice value of rents receivable during the year. Rental income is recognised in the profit and loss account on an accruals basis in the period to which the rents relate
The accounts are presented in £ sterling.
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.
FIS Rentals Ltd
Notes to the Accounts
for the year ended 31 January 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2024
140,000
Net gain from fair value adjustments
44,083
At 31 January 2025
280,000
The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard
applicable in the UK and Republic of Ireland''.
The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.
During the year a increase in the fair value of investment properties of £44,083 has been included directly in the profit and loss account.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
182,360
55,010
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).