Registration number:
South Hams Planning Rental Limited
for the Year Ended 30 November 2025
South Hams Planning Rental Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
South Hams Planning Rental Limited
(Registration number: 15288793)
Balance Sheet as at 30 November 2025
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30 November |
30 November |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Other reserves |
(8,908) |
(8,908) |
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Retained earnings |
3,025 |
(908) |
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Shareholders' deficit |
(5,882) |
(9,815) |
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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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South Hams Planning Rental Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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General information |
The company, registered number 15288793, is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is
These financial statements were authorised for issue by the
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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.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue trading for the foreseeable future and have a reasonable expectation that the company has adequate resources to meet its obligations as they fall due. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rent in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
South Hams Planning Rental Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment property
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.
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.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
South Hams Planning Rental Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
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Investment properties |
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30 November |
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At 1 December |
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At 30 November 2025 |
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The investment property valuation as at 30 November 2025 was determined by the directors, who have relevant experience in the property market, on an open market value for existing use basis.
There has been no valuation of investment property by an independent valuer.
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Debtors |
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Current |
30 November |
30 November |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
30 November |
30 November |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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- |
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Taxation and social security |
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- |
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Accruals and deferred income |
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Other creditors |
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Creditors include bank loans of £3,990 (2024: £3,118) which are secured against the investment property held within the accounts.
South Hams Planning Rental Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025
Creditors: amounts falling due after more than one year
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Note |
30 November |
30 November |
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Due after one year |
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Loans and borrowings |
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Creditors include bank loans of £70,894 (2024: £75,265) which are secured against the investment property held within the accounts.
Creditors include bank loans repayable by instalments of £47,763 (2024: £54,338) due after more than five years.
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Loans and borrowings |
Non-current loans and borrowings
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30 November |
30 November |
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Bank borrowings |
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Current loans and borrowings
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30 November |
30 November |
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Bank borrowings |
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Share capital |
Allotted, called up and fully paid shares
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30 November |
30 November |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Reserves |
Other reserves
This reserve includes all accumulated gains and losses on investment properties and is non-distributable.
Retained earnings
This reserve includes all current and prior profits and losses, net of distribution to shareholders.