Company No: 13035371 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Director

H R T Mathias

Registered office	4 Highdown Road
	Hove
	East Sussex
	BN3 6EE
	United Kingdom

Company number

13035371 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HM Rentals Limited for the financial year ended 30 November 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Director of HM Rentals Limited, as a body, in accordance with the terms of our engagement letter dated 23 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of HM Rentals Limited and state those matters that we have agreed to state to the director of HM Rentals Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HM Rentals Limited and its Director as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of HM Rentals Limited. 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 financial statements.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

29 July 2026

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	605,980		595,000
		605,980		595,000
Current assets
Debtors	4	2,287		662
Cash at bank and in hand		3,940		5,371
		6,227		6,033
Creditors: amounts falling due within one year	5	( 175,997)		( 173,136)
Net current liabilities		(169,770)		(167,103)
Total assets less current liabilities		436,210		427,897
Creditors: amounts falling due after more than one year	6	( 423,850)		( 423,850)
Net assets		12,360		4,047
Capital and reserves
Called-up share capital		100		100
Fair value reserve		14,411		6,176
Profit and loss account		( 2,151 )		( 2,229 )
Total shareholder's funds		12,360		4,047

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of HM Rentals Limited (registered number: 13035371) were approved and authorised for issue by the Director on 29 July 2026. They were signed on its behalf by:

H R T Mathias Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Highdown Road, Hove, East Sussex, BN3 6EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	595,000
Fair value movement	10,980
As at 30 November 2025	605,980

Valuation

The 2025 valuations were made by the director, on an open market value for existing use basis.

4. Debtors

	2025		2024
	£		£
Trade debtors	500		0
Prepayments	1,787		0
Corporation tax	0		662
	2,287		662

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to director	169,600		169,600
Accruals	2,310		2,220
Deferred tax liability	4,087		1,316
	175,997		173,136

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	423,850		423,850

The company's investment property was secured by way of a charge with Paragon bank Plc.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	423,850		423,850

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 1,316)		77
Charged to the Profit and Loss Account	( 2,771)		( 1,393)
At the end of financial year	( 4,087)		( 1,316)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Revaluation of investment property	( 4,442)		( 1,697)
Tax losses carry forward	355		381
	( 4,087)		( 1,316)

8. Related party transactions

**H R T Mathias**
(Director)
The director provided the company with an interest free loan repayable on demand. At the balance sheet date, the amount due to H R T Mathias was £169,600 (2024: £169,600).