REGISTERED NUMBER: 10147466 (England and Wales)

Pursey's Rentals Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Pursey

L Pursey

REGISTERED OFFICE:

One New Street

Wells

Somerset

BA5 2LA

REGISTERED NUMBER:

10147466 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

229

458

Investment property

5

2,202,264

2,202,264

2,202,493

2,202,722

CURRENT ASSETS

Debtors

6

9,856

2,578

Cash at bank

27,619

76,580

37,475

79,158

CREDITORS

Amounts falling due within one year

7

117,059

87,519

NET CURRENT LIABILITIES

(79,584

)

(8,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,122,909

2,194,361

CREDITORS

Amounts falling due after more than one year

8

(100,000

)

(200,000

)

PROVISIONS FOR LIABILITIES

(123,532

)

(123,589

)

NET ASSETS

1,899,377

1,870,772

CAPITAL AND RESERVES

Called up share capital

10

5

5

Share premium

1,071,904

1,071,904

Fair value reserve

464,874

464,874

Retained earnings

362,594

333,989

SHAREHOLDERS' FUNDS

1,899,377

1,870,772

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 directors acknowledge their 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 Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

G Pursey - Director

1.	STATUTORY INFORMATION

Pursey's Rentals Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.

Rental Income

Turnover from the rental of properties is recognised on an accruals basis in accordance with the substance of the relevant agreement.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

-

33.3% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2025

and 31 March 2026

687

DEPRECIATION

At 1 April 2025

229

Charge for year

229

At 31 March 2026

458

NET BOOK VALUE

At 31 March 2026

229

At 31 March 2025

458

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,202,264

NET BOOK VALUE

At 31 March 2026

2,202,264

At 31 March 2025

2,202,264

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

588,348

Cost

1,613,916

2,202,264

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

1,613,916

1,613,916

The investment properties were valued on an open market basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,700

-

Other debtors

3,156

2,578

9,856

2,578

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

545

5,114

Taxation and social security

19,643

10,253

Other creditors

96,871

72,152

117,059

87,519

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

100,000

200,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

100,000

200,000

Legal charge over the property known as 10 Queen Street, Wells, dated 31 October 2019.

Legal charge over the property known as Underwood Business Park, Wookey Hole, dated 31 October 2019.

Legal charge over the property known as 13 Market Place, Glastonbury, dated 31 October 2019.

Legal charge over the property known as 6 High Street, Glastonbury, dated 31 October 2019.

Legal charge over the property known as 16 Market Place, Glastonbury, dated 31 October 2019.

Legal charge over the property known as 8 Magdalene Street, Glastonbury, dated 14 March 2019.

Bank loans are secured by a fixed and floating charge covering all the property or undertakings of the company dated 31 October 2019.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

5

5