REGISTERED NUMBER: 12160504 (England and Wales)

GIBBONS RENTAL GROUP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Gibbons

REGISTERED OFFICE:

Fen Farm

Swineshead Road

Frampton Fen

Boston

Lincolnshire

PE20 1SF

REGISTERED NUMBER:

12160504 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Boston)

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

3,498

3,713

Investments

4

-

20,820

Investment property

5

1,225,000

720,499

1,228,498

745,032

CURRENT ASSETS

Debtors

13,000

13,157

Cash at bank

35,334

66,646

48,334

79,803

CREDITORS

Amounts falling due within one year

649

521

NET CURRENT ASSETS

47,685

79,282

TOTAL ASSETS LESS CURRENT LIABILITIES

1,276,183

824,314

CREDITORS

Amounts falling due after more than one year

6

(1,021,612

)

(780,553

)

PROVISIONS FOR LIABILITIES

(46,795

)

(8,137

)

NET ASSETS

207,776

35,624

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

227,098

64,085

Retained earnings

(19,422

)

(28,561

)

207,776

35,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 1 May 2026 and were signed by:

B Gibbons - Director

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

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

11,652

Additions

870

At 31 March 2026

12,522

DEPRECIATION

At 1 April 2025

7,939

Charge for year

1,085

At 31 March 2026

9,024

NET BOOK VALUE

At 31 March 2026

3,498

At 31 March 2025

3,713

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2025

20,820

Disposals

(20,820

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

20,820

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

720,499

Additions

302,790

Revaluations

201,711

At 31 March 2026

1,225,000

NET BOOK VALUE

At 31 March 2026

1,225,000

At 31 March 2025

720,499

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

30,393

Valuation in 2025

41,124

Valuation in 2026

201,711

Cost

951,772

1,225,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2026

2025

£

£

Repayable by instalments

Bank loans more 5 yr by instal

510,981

358,693

7.

RESERVES

Fair

value

reserve

£

At 1 April 2025

64,085

Fair value adjustment

163,013

At 31 March 2026

227,098