REGISTERED NUMBER: 14038602 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUD RENTALS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Scott Richard Coffey

REGISTERED OFFICE:

Flat 2

12 Westgate Terrace

Chelsea

London

SW10 9BJ

REGISTERED NUMBER:

14038602 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

FIXED ASSETS

Investment property

4

4,053,746

1,560,000

CURRENT ASSETS

Debtors

5

8,590

130,285

Cash at bank

668

150

9,258

130,435

CREDITORS

Amounts falling due within one year

6

212,224

7,564

NET CURRENT (LIABILITIES)/ASSETS

(202,966

)

122,871

TOTAL ASSETS LESS CURRENT LIABILITIES

3,850,780

1,682,871

CREDITORS

Amounts falling due after more than one year

7

(2,767,099

)

(1,092,600

)

PROVISIONS FOR LIABILITIES

(258,025

)

-

ACCRUALS AND DEFERRED INCOME

(4,108

)

(4,706

)

NET ASSETS

821,548

585,565

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

774,073

531,238

Profit and loss account

47,375

54,227

821,548

585,565

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

Scott Richard Coffey - Director

1.	STATUTORY INFORMATION

Bud Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the

term of the debt and charged to the profit and loss account at a constant rate on the outstanding

amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,560,000

Additions

2,493,746

At 31 March 2025

4,053,746

NET BOOK VALUE

At 31 March 2025

4,053,746

At 31 March 2024

1,560,000

Investment properties were revalued at 31 March 2025 by the Directors, on the basis of a fair market value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

8,590

6,175

Associated company loan

-

124,110

8,590

130,285

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

1,469

1,990

Other creditors

5,230

-

Associated company loan

185,244

-

Directors' current accounts

20,281

5,574

212,224

7,564

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - more than 1 year

2,767,099

1,092,600

Loans outstanding at the reporting date include installments due after more than five years of £2,767,099 (2024: £1,092,600). These are secured by a charge over the assets to which they relate.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

531,238

Revaluation

500,860

Deferred Tax

(258,025

)

At 31 March 2025

774,073