1 4 Rent (Property Management) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06946034 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

1 4 Rent (Property Management) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Robertson

Mrs T M Robertson

REGISTERED OFFICE:

29 Howard Street

North Shields

Tyne and Wear

NE30 1AR

REGISTERED NUMBER:

06946034 (England and Wales)

ACCOUNTANTS:

Essell Accountants Limited

29 Howard Street

North Shields

Tyne and Wear

NE30 1AR

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

194,463

194,463

Cash at bank

113,933

67,652

310,396

264,115

CREDITORS

Amounts falling due within one year

6

143,069

88,528

NET CURRENT ASSETS

167,327

175,587

TOTAL ASSETS LESS CURRENT LIABILITIES

167,327

175,587

CREDITORS

Amounts falling due after more than one year

7

13,986

15,000

NET ASSETS

153,341

160,587

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

153,339

160,585

SHAREHOLDERS' FUNDS

153,341

160,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 8 November 2022 and were signed on its behalf by:

R Robertson - Director

1.	STATUTORY INFORMATION

1 4 Rent (Property Management) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2021

and 30 June 2022

2,866

DEPRECIATION

At 1 July 2021

and 30 June 2022

2,866

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Other debtors

194,463

194,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Trade creditors

34,773

46,576

Taxation and social security

1,218

1,218

Other creditors

107,078

40,734

143,069

88,528

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/22

30/6/21

£

£

Bank loans

13,986

15,000

8.	RELATED PARTY DISCLOSURES

The Company has loaned 1 4 Sale Limited the amount shown in Note 6.

Transactions with 1 4 Sale Limited require disclosure under the terms of

Financial Reporting Standard 8 ("FRS8"), Related Party Transactions, as both the

Shareholders and the directors are common to both companies.