REGISTERED NUMBER: 13134840 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Propertunity Rentals Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

247,000

242,254

CURRENT ASSETS

Debtors

5

75,400

734

Cash at bank

9,677

4,207

85,077

4,941

CREDITORS

Amounts falling due within one year

6

215,335

140,061

NET CURRENT LIABILITIES

(130,258

)

(135,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

116,742

107,134

CREDITORS

Amounts falling due after more than one year

7

185,115

185,130

NET LIABILITIES

(68,373

)

(77,996

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

4,746

-

Retained earnings

(73,219

)

(78,096

)

SHAREHOLDERS' FUNDS

(68,373

)

(77,996

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

Mr Johannes Van Bommel - Director

1.	STATUTORY INFORMATION

Propertunity Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13134840

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company has net liabilities of £68,373. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2024

242,254

Revaluations

4,746

At 31 January 2025

247,000

NET BOOK VALUE

At 31 January 2025

247,000

At 31 January 2024

242,254

Investment properties situated at 5 High Street, Eldon Lane, Bishop Auckland, DL14 8TD, 85 TYR Felin Street, Mountain Ash, CF45 3YP and 205 Witton Park, Stockton-on-tees and Parking Space, TS18 3BN are under a charge from Hampshire Trust Bank PLC. The charge was created on 09th January 2023.

Cost or valuation at 31 January 2025 is represented by:

£

Valuation in 2022

3,687

Valuation in 2023

(3,687

)

Valuation in 2024

4,746

Cost

242,254

247,000

5.

DEBTORS

31.1.25

31.1.24

£

£

Amounts falling due within one year:

Other debtors

1,057

734

31.1.25

31.1.24

£

£

Amounts falling due after more than one year:

Other debtors

74,343

-

Aggregate amounts

75,400

734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

215,335

140,061

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

185,115

185,130

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

185,115

185,130

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

185,115

185,130

The loan amounting to £185,115 is secured by the way of charge on the properties situated at 5 High Street, Eldon Lane, Bishop Auckland, DL14 8TD, 85 TYR Felin Street, Mountain Ash, CF45 3YP and 205 Witton Park, Stockton-on-tees and Parking Space, TS18 3BN. (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 09th January 2023.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

Transfer to/from reserves

4,746

At 31 January 2025

4,746

11.	RELATED PARTY DISCLOSURES

The company owes £99,149 including €118,500 (2024: £63,934 including €73,500) to its director, Ms Natasja Birgit Schilders who is also a sole shareholder of the company as at accounting year end date.

The company owes £99,249 including €118,500 (2024: £64,034 including €73,500) to its director, Mr Johannes Van Bommel as at accounting year end date.