| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28th February 2026 |
| for |
| Turnkey Rentals Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28th February 2026 |
| for |
| Turnkey Rentals Ltd |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Contents of the Financial Statements |
| for the Year Ended 28th February 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Turnkey Rentals Ltd |
| Company Information |
| for the Year Ended 28th February 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| United Kingdom |
| BS32 4JY |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Balance Sheet |
| 28th February 2026 |
| 28.2.26 | 28.2.25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Fair value reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Balance Sheet - continued |
| 28th February 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Notes to the Financial Statements |
| for the Year Ended 28th February 2026 |
| 1. | STATUTORY INFORMATION |
| Turnkey Rentals Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency. |
| Critical accounting judgements and key sources of estimation uncertainty |
| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. |
| The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods. |
| The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: |
| Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use. |
| Valuation of investment properties - Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'. |
| Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. |
| Basic financial assets |
| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment. |
| Basic financial liabilities |
| Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method. |
| 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 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. |
| Cash & cash equivalents definition |
| Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. |
| Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2025 - NIL). |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2026 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st March 2025 |
| Additions |
| At 28th February 2026 |
| DEPRECIATION |
| At 1st March 2025 |
| Charge for year |
| At 28th February 2026 |
| NET BOOK VALUE |
| At 28th February 2026 |
| At 28th February 2025 |
| The company had no operating lease commitments at the balance sheet date. |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st March 2025 |
| Additions |
| At 28th February 2026 |
| NET BOOK VALUE |
| At 28th February 2026 |
| At 28th February 2025 |
| Fair value at 28th February 2026 is represented by: |
| £ |
| Valuation in 2023 | 100,141 |
| Valuation in 2024 | 80,000 |
| Cost | 812,081 |
| 992,222 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 28.2.26 | 28.2.25 |
| £ | £ |
| Cost | 812,081 | 624,859 |
| Investment property was valued on an open market basis on 28th February 2026 by the Directors . |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2026 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.26 | 28.2.25 |
| £ | £ |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.26 | 28.2.25 |
| £ | £ |
| Tax |
| Other creditors |
| Related parties | 112,806 | 39,896 |
| Directors' current accounts | 41,403 | 56,553 |
| Deferred income |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.26 | 28.2.25 |
| £ | £ |
| Bank loans more 5 yrs non-inst | 582,870 | 324,148 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 28.2.26 | 28.2.25 |
| £ | £ |
| Bank loans |
| The Company's bank loan is secured by a fixed and floating charge over the assets of the Company. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 28.2.26 | 28.2.25 |
| value: | £ | £ |
| Ordinary | £1 | 81,692 | 81,692 |
| Turnkey Rentals Ltd (Registered number: 12438465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2026 |
| 11. | RESERVES |
| Fair |
| Retained | Share | value |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1st March 2025 | 252,957 |
| Profit for the year |
| Assets revalued in period | (1,246 | ) | - | 1,246 | - |
| At 28th February 2026 | 257,020 |
| 12. | CONTINGENT LIABILITIES |
| The Company had no contingent liabilities at the balance sheet date. |
| 13. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the Company owed £41,403 (2025: £56,553) to the director. The balance is unsecured, interest-free and repayable on demand. |
| At the balance sheet date, the Company also owed £112,806 (2025: £39,896) to a related company under common control. The balance is unsecured, interest-free and repayable on demand. |
| Both balances are creditors and are not secured against any assets. |
| 14. | POST BALANCE SHEET EVENTS |
| There have been no events after the balance sheet date affecting the Company since the financial period. |
| 15. | LEASE POLICY |
| The company had no operating lease commitments at the balance sheet date. |