ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 03072689

RENTTIME LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

RENTTIME LIMITED

REGISTERED NUMBER: 03072689

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		-		52,383
Investment property	5		4,290,199		3,484,617
			4,290,199		3,537,000
Current assets
Debtors: amounts falling due within one year	6	-		3,435
Cash at bank and in hand	7	259,555		171,030
		259,555		174,465
Creditors: amounts falling due within one year	8	(351,308)		(402,516)
Net current liabilities			(91,753)		(228,051)
Total assets less current liabilities			4,198,446		3,308,949
Creditors: amounts falling due after more than one year	9		(851,250)		-
Provisions for liabilities
Deferred tax		(148,826)		(152,027)
			(148,826)		(152,027)
Net assets			3,198,370		3,156,922

Capital and reserves
Called up share capital	50	50
Revaluation reserve	16,359	16,359
Capital redemption reserve	50	50
Other reserves	990,077	999,680
Profit and loss account	2,191,834	2,140,783
	3,198,370	3,156,922

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RENTTIME LIMITED

REGISTERED NUMBER: 03072689

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 December 2025.

................................................

A Metcalfe

Director

The notes on pages 5 to 11 form part of these financial statements.

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		RENTTIME LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Capital redemption reserve	Revaluation reserve	Non distributable retained earnings	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 July 2023	50	50	16,359	572,582	2,229,645	2,818,686
Comprehensive income for the year
Profit for the year	-	-	-	-	421,570	421,570
Other comprehensive income for the year	-	-	-	-	-	-
Total comprehensive income for the year	-	-	-	-	421,570	421,570
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	-	(83,334)	(83,334)
Transfer between reserves	-	-	-	427,098	(427,098)	-
Total transactions with owners	-	-	-	427,098	(510,432)	(83,334)

At 1 July 2024	50	50	16,359	999,680	2,140,783	3,156,922
Comprehensive income for the year
Profit for the year	-	-	-	-	41,448	41,448
Other comprehensive income for the year	-	-	-	-	-	-

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		RENTTIME LIMITED

STATEMENT OF CHANGES IN EQUITY (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Total comprehensive income for the year	-	-	-	-	41,448	41,448
Transfer between reserves	-	-	-	(9,603)	9,603	-
Total transactions with owners	-	-	-	(9,603)	9,603	-
At 30 June 2025	50	50	16,359	990,077	2,191,834	3,198,370

The notes on pages 5 to 11 form part of these financial statements.

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RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Renttime Limited is a private company limited by shares incorporated in England and Wales. The registered office is 103 Northcote Road, Bramhall, Stockport, England, SK7 2HF.

The principal activity of the company continues to be that of property rentals and investors.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents income due in accordance with rental agreements over the investment properties.

The gain or loss arising on the disposal of an asset is determined as the difference betwenn the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

4.	Fixed asset investments

		Listed investments
		£

	At 1 July 2024	52,383
	Disposals	(52,383)
	At 30 June 2025	-

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RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 July 2024	3,484,617
	Additions at cost	805,582
	At 30 June 2025	4,290,199

The 2025 valuations were made by [Enter surveyor name here...], on an open market value basis.

Debtors

					2025	2024
					£	£


Other debtors	-	3,435
	-	3,435

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	259,555	171,030
	259,555	171,030

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	345,649	397,976
Accruals and deferred income	5,659	4,540
	351,308	402,516

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RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	851,250	-
	851,250	-

Page 9

RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025


Amounts falling due more than 1 year
Bank loans	851,250	-
	851,250	-


	851,250	-

Page 10

RENTTIME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

11.	Deferred taxation

		2025
		£

	At beginning of year	(152,027)
	Charged to profit or loss	3,201
	At end of year	(148,826)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(148,826)	(152,027)
		(148,826)	(152,027)

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