Southampton Rental Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11544141 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 AUGUST 2018 TO 31 AUGUST 2019

FOR

SOUTHAMPTON RENTAL PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

S E Hacking

P E J Hellier

REGISTERED OFFICE:

11 Oakenbrow

Sway

Lymington

Hampshire

SO41 6DY

REGISTERED NUMBER:

11544141 (England and Wales)

ACCOUNTANTS:

Ray Bartlett & Co

Certified Public Accountants

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

FIXED ASSETS

Tangible assets

4

7,267,577

CURRENT ASSETS

Debtors

5

28,948

Cash at bank

32,070

61,018

CREDITORS

Amounts falling due within one year

6

(174,864

)

NET CURRENT LIABILITIES

(113,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,153,731

CREDITORS

Amounts falling due after more than one year

7

(4,823,061

)

PROVISIONS FOR LIABILITIES

(490

)

NET ASSETS

2,330,180

CAPITAL AND RESERVES

Called up share capital

10

2,305,542

Retained earnings

24,638

SHAREHOLDERS' FUNDS

2,330,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2020 and were signed on its behalf by:

S E Hacking - Director

P E J Hellier - Director

1.	STATUTORY INFORMATION

Southampton Rental Properties Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

Additions

7,265,000

2,603

7,267,603

At 31 August 2019

7,265,000

2,603

7,267,603

DEPRECIATION

Charge for period

-

26

26

At 31 August 2019

-

26

26

NET BOOK VALUE

At 31 August 2019

7,265,000

2,577

7,267,577

Included in cost of land and buildings is freehold land of £ 7,265,000 which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

28,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

154,831

Taxation and social security

5,317

Other creditors

14,716

174,864

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

4,823,061

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,823,061

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,823,061

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

4,823,061

The loans are secured against the properties to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100

Ordinary

£1

2,305,442

2,305,542

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

100 Ordinary shares of £1 each were allotted as fully paid at a premium of 23054.42 per share during the

period.

11.	RELATED PARTY DISCLOSURES

The company acquired the business from the directors S Hacking and P Hellier who formerly traded as

Waterside Properties Partnership.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 August 2019 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Ray Bartlett & Co

Certified Public Accountants

52-54 Winchester Street

Salisbury

Wiltshire

SP1 1HG

2 May 2020