Registration number: 09138702

ABR Property Rentals Ltd

(Registration number: 09138702)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	267,966
Investment property	5	339,856	-
		339,856	267,966
Current assets
Debtors	6	2,941	-
Cash at bank and in hand		5,720	41,278
		8,661	41,278
Creditors: Amounts falling due within one year	7	(1,200)	(4,141)
Net current assets		7,461	37,137
Total assets less current liabilities		347,317	305,103
Creditors: Amounts falling due after more than one year	7	(220,633)	(194,414)
Net assets		126,684	110,689
Capital and reserves
Called up share capital	8	6	6
Other reserves		52,120	-
Retained earnings		74,558	110,683
Shareholders' funds		126,684	110,689

ABR Property Rentals Ltd

(Registration number: 09138702)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 3 October 2025 and signed on its behalf by:
 

......................................... Mr R P Brookes Director

......................................... Mrs B A Brookes Director

ABR Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
39 Bromsgrove Road
Romsley
Halesowen
West Midlands
B62 0LE

These financial statements were authorised for issue by the Board on 3 October 2025.

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.

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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

ABR Property Rentals Ltd

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

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
Freehold Property	2% straight line

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 profit or loss.

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.

ABR Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 August 2024	320,086	320,086
Disposals	(320,086)	(320,086)
At 31 July 2025	-	-
Depreciation
At 1 August 2024	52,120	52,120
Eliminated on disposal	(52,120)	(52,120)
At 31 July 2025	-	-
Carrying amount
At 31 July 2025	-	-
At 31 July 2024	267,966	267,966

Included within the net book value of land and buildings above is £Nil (2024 - £267,966) in respect of freehold land and buildings.
 

ABR Property Rentals Ltd

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

5	Investment properties

	2025 £
Additions	19,770
Transfers to and from owner-occupied property	267,966
Fair value adjustments	52,120
At 31 July	339,856

The directors believe that the value of the property is still appropriate.

There has been no valuation of investment property by an independent valuer.

6

Debtors

	Note	2025 £	2024 £
Tax debtor		2,941	-
		2,941	-

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	-	2,941
Accruals and deferred income	1,200	1,200
	1,200	4,141

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	220,633	194,414

ABR Property Rentals Ltd

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

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	6	6	6	6

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	220,633	194,414