Southampton Rental Properties Ltd

Southampton Rental Properties Ltd
Directors' Report
For the year ended 31 August 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 August 2025.

Principal activities

Principal activity of the company during the financial year was the ownership and provision of student rental accomodation.

Directors

The directors who served the company throughout the year were as follows:

Simon Hacking

Paul Hellier

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Simon Hacking
Director

Date approved: 15 May 2026

Southampton Rental Properties Ltd Accountants' Report For the year ended 31 August 2025
Report to the directors on the preparation of the unaudited statutory accounts of Southampton Rental Properties Ltd for the year ended 31 August 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southampton Rental Properties Ltd for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Southampton Rental Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Southampton Rental Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Southampton Rental Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southampton Rental Properties Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Southampton Rental Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southampton Rental Properties Ltd. You consider that Southampton Rental Properties Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Southampton Rental Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 August 2025. .................................................... Numeric Accounting Limited Suite 1, The Portway Centre 1 Old Sarum Park, Old Sarum Salisbury SP4 6EB 15 May 2026 3

Southampton Rental Properties Ltd
Accountants' Report
For the year ended 31 August 2025

Report to the directors on the preparation of the unaudited statutory accounts of Southampton Rental Properties Ltd for the year ended 31 August 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southampton Rental Properties Ltd for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

This report is made solely to the Board of Directors of Southampton Rental Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Southampton Rental Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Southampton Rental Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southampton Rental Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Southampton Rental Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southampton Rental Properties Ltd. You consider that Southampton Rental Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Southampton Rental Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 August 2025.

....................................................

Numeric Accounting Limited
Suite 1, The Portway Centre
1 Old Sarum Park, Old Sarum
Salisbury
SP4 6EB
15 May 2026

Southampton Rental Properties Ltd
Income Statement
For the year ended 31 August 2025

	2025 £	2024 £ (as restated)
Turnover	152,253	233,388
Gross profit	152,253	233,388
Administrative expenses	(126,549)	(1,910,939)
Other operating expenses	130	0
Operating profit/(loss)	25,834	(1,677,551)
Other interest receivable and similar income	20,419	23,810
Interest payable and similar charges	(79,660)	(131,313)
Profit/(Loss) on ordinary activities before taxation	(33,407)	(1,785,054)
Tax on profit on ordinary activities	1,065	268,801
Profit/(Loss) for the financial year	(32,342)	(1,516,253)

Southampton Rental Properties Ltd
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £ (as restated)
Fixed assets
Tangible fixed assets	3	2,806,097	3,093,691
		2,806,097	3,093,691
Current assets
Debtors	4	198,226	273,274
Cash at bank and in hand		363,382	230,985
		561,608	504,259
Creditors: amount falling due within one year	5	(12,570)	(14,087)
Net current assets		549,038	490,172

Total assets less current liabilities		3,355,135	3,583,863
Creditors: amount falling due after more than one year	6	(1,545,137)	(1,675,458)
Provisions for liabilities	7	(1,108)	(2,173)
Net assets		1,808,890	1,906,232

Capital and reserves
Called up share capital	8	200	200
Share premium account	9	2,305,342	2,305,342
Profit and loss account		(496,652)	(399,310)
Shareholders' funds		1,808,890	1,906,232

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 May 2026 and were signed on its behalf by:

-------------------------------
Simon Hacking
Director

Southampton Rental Properties Ltd
Statement of Changes in Equity
For the year ended 31 August 2025

	Equity share capital	Equity share premium	Retained Earnings	Total
	£	£	£	£
At 01 September 2023	200	2,305,342	1,180,943	3,486,485
Profit for the year			(1,516,253)	(1,516,253)
Total comprehensive income for the year	-	-	(1,516,253)	(1,516,253)
Dividends			(64,000)	(64,000)
Total investments by and distributions to owners	-	-	(64,000)	(64,000)
At 31 August 2024	200	2,305,342	(399,310)	1,906,232
At 01 September 2024 (as previously stated)	200	2,305,342	1,433,096	3,738,638
Prior year adjustments			(1,832,406)	(1,832,406)
At 01 September 2024 (as restated)	200	2,305,342	(399,310)	1,906,232
Profit for the year			(32,342)	(32,342)
Total comprehensive income for the year	-	-	(32,342)	(32,342)
Dividends			(65,000)	(65,000)
Total investments by and distributions to owners	-	-	(65,000)	(65,000)
At 31 August 2025	200	2,305,342	(496,652)	1,808,890

Southampton Rental Properties Ltd
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

Southampton Rental Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11544141, registration address 11 Oakenbrow, Sway, Lymington, Hants, SO41 6DY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of rents received by the company, net of Value Added Tax and trade discounts.

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 taxation

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.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	33% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Investment properties	Total
	£	£	£	£
At 01 September 2024	1,124	16,850	3,085,000	3,102,974
Additions	-	-	-	-
Disposals	-	-	(285,000)	(285,000)
At 31 August 2025	1,124	16,850	2,800,000	2,817,974
Depreciation
At 01 September 2024	667	8,322	-	8,989
Charge for year	144	2,744	-	2,888
On disposals	-	-	-	-
At 31 August 2025	811	11,066	-	11,877
Net book values
Closing balance as at 31 August 2025	313	5,784	2,800,000	2,806,097
Opening balance as at 01 September 2024	457	8,234	3,085,000	3,093,691

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	(1)	1
Other Debtors	0	3,670
Corporation Tax	198,227	269,603
	198,226	273,274

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	0	1,517
Bank Loans & Overdrafts	8,400	8,400
Accrued Expenses	1,500	1,500
Directors' Current Accounts	2,670	2,670
	12,570	14,087

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	25,788	32,986
Mortgages	1,501,442	1,620,456
Deposits Held	17,907	22,016
	1,545,137	1,675,458

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	1,108		2,173
	1,108		2,173

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Share premium account

	2025 £		2024 £
Equity Share Premium b/fwd	2,305,342		2,305,342
	2,305,342		2,305,342

10.	Director’s loan

S Hacking

Particulars		2025 £
Balance at 1 September		(629)
Balance at 31 August		(629)

The loan from director is interest free and repayable on demand

P Helier

Particulars		2025 £
Balance at 1 September		(2,041)
Balance at 31 August		(2,041)

The loan from the director is interest free and repayable on demand.

11.

Prior Year Adjustments

The 2024 comparative figures have been re-stated for the following errors which became apparent when preparing the 2025 accounts:
The cost of properties disposed of during the year was understated by £2,066,655.

The value of mortgages on properties was understated by £179,945.

Corporation tax was overstated by £414,194.

Issued share capital was understated and Share premium account was overstated by £100 each.

The share premium account of £2,305,342 had been disclosed as Called Up Share Capital and has now been corrected separately into Reserves.

Registered Number: 11544141
England and Wales
SOUTHAMPTON RENTAL PROPERTIES LTD

Unaudited Financial Statements

Period of accounts Start date: 01 September 2024 End date: 31 August 2025