I.W. Home Rentals Limited - Filleted accounts

Registered number

05778320

I.W. Home Rentals Limited

Unaudited Filleted Accounts

30 April 2025

I.W. Home Rentals Limited
Registered number:		05778320
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		288,844			288,844

Current assets
Cash at bank and in hand		10,950			7,413

Creditors: amounts falling due within one year	4	(171,002)			(171,335)

Net current liabilities			(159,588)			(163,922)

Total assets less current liabilities			129,256			124,922


Provisions for liabilities			(20,138)			(20,138)


Net assets			109,118			104,784

Capital and reserves
Called up share capital			100			100
Profit and loss account			109,018			104,684

Shareholders' funds			109,118			104,784

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Robert Smallman
Director
Approved by the board on 30 December 2025

I.W. Home Rentals Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income receivable.

	Tangible fixed assets
	The investment properties are accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using open market valuation on a freehold basis by the directors. Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		-		-


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 May 2024				288,844
	At 30 April 2025				288,844

	Depreciation
	At 30 April 2025				-

	Net book value
	At 30 April 2025				288,844
	At 30 April 2024				288,844


	Freehold land and buildings:		2025		2024
£				£
	Historical cost		182,850		182,850
	Cumulative depreciation based on historical cost		-		-
			182,850		182,850


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		4,709		5,282
	Other creditors		166,293		166,053
			171,002		171,335


5	Controlling party

	The company is under the control of the Directors who own 80% of the issued share capital.


6	Other information

	I.W. Home Rentals Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Lodge, Oak Lawn
	Woodside, Wootton
	Ryde
	Isle of Wight
	PO33 4JR