Registration number: 15756300

Maughan Rentals Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Maughan Rentals Ltd

Company Information

Directors

Mrs N J Maughan Mr J S Maughan

Registered office

1 The Bulwark Brecon Powys LD3 7LB

Accountants

W J James & Co Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Maughan Rentals Ltd

(Registration number: 15756300)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	3,061	-
Investment property	5	750,000	750,000
		753,061	750,000
Current assets
Debtors	6	5,103	4,498
Cash at bank and in hand		7,751	13,794
		12,854	18,292
Creditors: Amounts falling due within one year	7	(9,309)	(7,986)
Net current assets		3,545	10,306
Net assets		756,606	760,306
Capital and reserves
Called up share capital		768,699	768,699
Retained earnings		(12,093)	(8,393)
Shareholders' funds		756,606	760,306

For the financial year ending 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 September 2026 and signed on its behalf by:
 

......................................... Mrs N J Maughan Director

......................................... Mr J S Maughan Director

Maughan Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
1 The Bulwark
Brecon
Powys
LD3 7LB

These financial statements were authorised for issue by the Board on 7 September 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.

The currency in which the financial statements are presented is Sterling and they are rounded to the nearest pound.

Revenue recognition

Holiday let income is recognised in the period to which it relates and the income received in advance is carried forward to the period to which it relates.

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.

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:

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.

Maughan Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

Trade 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.

Trade 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.

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 0 (2025 - 0).

Maughan Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
Additions	3,826	3,826
At 31 March 2026	3,826	3,826
Depreciation
Charge for the year	765	765
At 31 March 2026	765	765
Carrying amount
At 31 March 2026	3,061	3,061

5	Investment properties

	2026 £
At 1 April	750,000
At 31 March	750,000

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

6

Debtors

Current	Note	2026 £	2025 £
Loan - Maughan Projects Ltd	8	4,484	4,484
Prepayments		619	14
		5,103	4,498

Maughan Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Accruals and deferred income	5,382	4,059
Loan - Group Accommodation Ltd	3,927	3,927
	9,309	7,986

8	Related party transactions

In the previous accounting period (period ending 31 March 2025) the company acquired Godolphin Cottage from Maughan Projects Ltd. This happened on 24 August 2024 at the market value of £750,000. The was done by way of a share capital reduction via a solvency statement and resulted in the company obtaining the property in exchange for issuing shares to Mr and Mrs J Maughan.

Loans to related parties

2026	Maughan Projects Ltd £	Total £
At start of period	4,484	4,484
At end of period	4,484	4,484

2025	Maughan Projects Ltd £	Total £
Advanced	774,400	774,400
Repaid	(769,916)	(769,916)
At end of period	4,484	4,484

Maughan Rentals Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Loans from related parties

2026	Group Accommodation Ltd £	Total £
At start of period	3,927	3,927
At end of period	3,927	3,927

2025	Group Accommodation Ltd £	Total £
Advanced	5,583	5,583
Repaid	(1,656)	(1,656)
At end of period	3,927	3,927