REGISTERED NUMBER: OC441124 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

APL Rentals LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

P D Lowe

Mrs A M Lowe

Registered office:

Groesynyd House

1 Cwrt Y Groes

Tyn Y Groes

Conwy

LL32 8TZ

Registered number:

OC441124 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

16,281

9,335

Investment property

5

680,000

668,000

696,281

677,335

Current assets

Debtors

6

610

981

Cash at bank

2,119

418

2,729

1,399

Creditors

Amounts falling due within one year

7

43,360

24,236

Net current liabilities

(40,631

)

(22,837

)

Total assets less current liabilities

655,650

654,498

Creditors

Amounts falling due after more than one year

8

337,197

337,198

Net assets attributable to members

318,453

317,300

Loans due to members

10

120,049

150,191

Revaluation reserve

Revaluation reserve

11

198,404

167,109

318,453

317,300

Total members' interests

Loans due to members

10

120,049

150,191

Revaluation reserve

198,404

167,109

318,453

317,300

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2025 and were signed by:

P D Lowe - Designated member

1.	STATUTORY INFORMATION

APL Rentals LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration receivable, excluding discounts or rebates for services incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investment property

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

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

Cost

At 1 April 2024

11,470

Additions

19,543

Disposals

(8,014

)

At 31 March 2025

22,999

Depreciation

At 1 April 2024

2,135

Charge for year

6,186

Eliminated on disposal

(1,603

)

At 31 March 2025

6,718

Net book value

At 31 March 2025

16,281

At 31 March 2024

9,335

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

668,000

Disposals

(19,295

)

Revaluations

31,295

At 31 March 2025

680,000

Net book value

At 31 March 2025

680,000

At 31 March 2024

668,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

167,109

Valuation in 2025

12,000

Cost

500,891

680,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

500,891

500,891

Investment property was valued on an open market basis on 31 March 2025 by the members .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

610

981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,650

8,618

Other creditors

36,710

15,618

43,360

24,236

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

337,197

337,198

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

337,197

337,198

10.	LOANS DUE TO MEMBERS

Loans and other debts due to members rank behind the company's other creditors.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

167,109

Property revaluation

31,295

At 31 March 2025

198,404

12.	RELATED PARTY DISCLOSURES

At the end of the year, the company owed £27,000 to APL Properties Ltd.