Norwich Rental Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07826337 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

NORWICH RENTAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs V J Hudson

SECRETARY:

G N Hudson

REGISTERED OFFICE:

PO Box NRM

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

REGISTERED NUMBER:

07826337 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

281,583

279,933

CURRENT ASSETS

Debtors

5

5,867

503

Cash at bank

51,105

73,645

56,972

74,148

CREDITORS

Amounts falling due within one year

6

8,708

16,220

NET CURRENT ASSETS

48,264

57,928

TOTAL ASSETS LESS CURRENT LIABILITIES

329,847

337,861

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

329,846

337,860

SHAREHOLDERS' FUNDS

329,847

337,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 July 2022 and were signed by:

Mrs V J Hudson - Director

1.	STATUTORY INFORMATION

Norwich Rental Management Limited 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.

Turnover

Turnover represents net invoiced receipts for the supply of services and rental of equipment.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and Straight line over 5 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2021

279,933

65,515

1,006

346,454

Additions

-

2,063

-

2,063

At 31 March 2022

279,933

67,578

1,006

348,517

DEPRECIATION

At 1 April 2021

-

65,515

1,006

66,521

Charge for year

-

413

-

413

At 31 March 2022

-

65,928

1,006

66,934

NET BOOK VALUE

At 31 March 2022

279,933

1,650

-

281,583

At 31 March 2021

279,933

-

-

279,933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,735

80

Other debtors

4,132

423

5,867

503

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

509

-

Taxation and social security

6,600

14,700

Other creditors

1,599

1,520

8,708

16,220

7.	RELATED PARTY DISCLOSURES

During the year services totalling £14,344 were charged to related companies.