Filleted

Registration number: 13002820

Towy Home Rentals Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

Towy Home Rentals Ltd

Company Information

Directors

Mr J E Robinson Mrs B S Robinson

Registered office

Glenavon Meidrim Carmarthen SA33 5QL

Towy Home Rentals Ltd

(Registration number: 13002820)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	610	346
Investment property	6	332,323	332,323
		332,933	332,669
Current assets
Debtors	7	2,360	1,665
Cash at bank and in hand		3,306	2,862
		5,666	4,527
Creditors: Amounts falling due within one year	8	(96,088)	(105,685)
Net current liabilities		(90,422)	(101,158)
Total assets less current liabilities		242,511	231,511
Creditors: Amounts falling due after more than one year	8	(309,105)	(309,105)
Net liabilities		(66,594)	(77,594)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(66,694)	(77,694)
Total equity		(66,594)	(77,594)

For the financial year ending 30 November 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Towy Home Rentals Ltd

(Registration number: 13002820)
Balance Sheet as at 30 November 2025

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:
 

......................................... Mr J E Robinson Director

......................................... Mrs B S Robinson Director

Towy Home Rentals Ltd

Notes to the Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Glenavon
Meidrim
Carmarthen
SA33 5QL

These financial statements were authorised for issue by the Board on 9 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Towy Home Rentals Ltd

Notes to the Financial Statements for the Year Ended 30 November 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Reducing Balance
Office equipment	20% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Towy Home Rentals Ltd

Notes to the Financial Statements for the Year Ended 30 November 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	75	49

5	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 December 2024	402	-	402
Additions	-	339	339
At 30 November 2025	402	339	741
Depreciation
At 1 December 2024	56	-	56
Charge for the year	69	6	75
At 30 November 2025	125	6	131
Carrying amount
At 30 November 2025	277	333	610
At 30 November 2024	346	-	346

6	Investment properties

	2025 £
At 1 December	332,323

There has been no valuation of investment property by an independent valuer.

Towy Home Rentals Ltd

Notes to the Financial Statements for the Year Ended 30 November 2025

7

Debtors

	2025 £	2024 £
Other debtors	2,360	1,665
	2,360	1,665

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	-	9,188
Trade creditors		124	683
Directors' loan accounts	11	94,865	94,769
Other creditors		1,099	1,045
		96,088	105,685