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Registration number: 15288793

South Hams Planning Rental Limited
Unaudited Filleted Financial Statements
for the Period from 16 November 2023 to 30 November 2024

South Hams Planning Rental Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

South Hams Planning Rental Limited

(Registration number: 15288793)
Balance Sheet as at 30 November 2024

| Note | 30 November 2024 £
Fixed assets |  |
Investment property | 4 | 125,000
Current assets |  |
Debtors | 5 | 3,190
Cash at bank and in hand |  | 1,199
|  | 4,389
Creditors: Amounts falling due within one year | 6 | (63,939)
Net current liabilities |  | (59,550)
Total assets less current liabilities |  | 65,450
Creditors: Amounts falling due after more than one year | 6 | (75,265)
Net liabilities |  | (9,815)
Capital and reserves |  |
Called up share capital | 8 | 1
Other reserves | 9 | (8,908)
Retained earnings | 9 | (908)
Shareholders' deficit |  | (9,815)

For the financial period ending 30 November 2024 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 period 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 14 November 2025 and signed on its behalf by:

......................................... R Boyt Director

South Hams Planning Rental Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2023 to 30 November 2024

1 | General information

The company, registered number 15288793, is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is Airport Business Centre, 10 Thornbury Road, Plymouth, PL6 7PP, England.

These financial statements were authorised for issue by the Board on 14 November 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.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue trading for the foreseeable future and have a reasonable expectation that the company has adequate resources to meet its obligations as they fall due. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

South Hams Planning Rental Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2023 to 30 November 2024

Investment property

Investment property is measured at fair value at each reporting date. The fair value is determined by the directors, who have relevant experience in the property market, using market evidence for comparable properties in the same or similar locations and condition. Adjustments are made to reflect any differences in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss in the period in which they arise.

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 period, was 2.

4 | Investment properties

| 30 November 2024 £
Additions | 135,998
Fair value adjustments | (10,998)
At 30 November 2024 | 125,000

The investment property valuation as at 30 November 2024 was determined by the directors, who have relevant experience in the property market, on an open market value for existing use basis.

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

South Hams Planning Rental Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2023 to 30 November 2024

5 | Debtors

Current | 30 November 2024 £
Other debtors | 3,190
| 3,190

6 | Creditors

Creditors: amounts falling due within one year

| Note | 30 November 2024 £
Due within one year |  |
Loans and borrowings | 7 | 3,118
Accruals and deferred income |  | 1,607
Other creditors |  | 59,214
|  | 63,939

Creditors include bank loans of £3,118 which are secured against the investment property held within the accounts.

Creditors: amounts falling due after more than one year

| Note | 30 November 2024 £
Due after one year |  |
Loans and borrowings | 7 | 75,265

Creditors include bank loans of £75,265 which are secured against the investment property held within the accounts.

Creditors include bank loans repayable by instalments of £54,338 due after more than five years.

South Hams Planning Rental Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2023 to 30 November 2024

7 | Loans and borrowings

Non-current loans and borrowings

| 30 November 2024 £
Bank borrowings | 75,265

Current loans and borrowings

| 30 November 2024 £
Bank borrowings | 3,118

8 | Share capital

Allotted, called up and fully paid shares

| 30 November 2024
| No. | £
Ordinary shares of £0.01 each | 100 | 1

9 | Reserves

Other reserves

This reserve includes all accumulated gains and losses on investment properties and is non-distributable.

Retained earnings

This reserve includes all current and prior profits and losses, net of distribution to shareholders.