Contents of the Financial Statements

for the Period Ended 31 March 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Directors

The director shown below has held office during the period of
7 December 2020 to 31 March 2021

Niall Alexander

The director shown below has held office during the period of
19 June 2020 to 31 March 2021

Clare Payne

The director shown below has held office during the whole of the period from
28 February 2020 to 31 March 2021

Damon Gibbons

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
14 July 2021

And signed on behalf of the board by:
Name: Damon Gibbons
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2021

	13 months to 31 March 2021
	£
Turnover:	326,034
Cost of sales:	( 148,229 )
Gross profit(or loss):	177,805
Administrative expenses:	( 46,905 )
Operating profit(or loss):	130,900
Profit(or loss) before tax:	130,900
Profit(or loss) for the financial year:	130,900

Balance sheet

As at 31 March 2021

	Notes	13 months to 31 March 2021
		£
Fixed assets
Intangible assets:	3	39,640
Tangible assets:	4	635
Total fixed assets:		40,275
Current assets
Debtors:	5	13,450
Cash at bank and in hand:		145,718
Total current assets:		159,168
Creditors: amounts falling due within one year:	6	( 68,543 )
Net current assets (liabilities):		90,625
Total assets less current liabilities:		130,900
Total net assets (liabilities):		130,900
Members' funds
Profit and loss account:		130,900
Total members' funds:		130,900

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Computers 33% Reducing BalanceThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit .

  Intangible fixed assets amortisation policy

  The intangible fixed assets relate to costs incurred in the development of the 'Rent - Flex' software package. As the development of this product was only completed during March of 2021 no amortisation of these costs has been provided this year. A review of the expected useful life of the product will be undertaken during the year ended 31/03/2022.

  Other accounting policies

  TaxationIn the memorandum and articles of association of the company it is stated that the company is a not for profit organisation and that any surplus funds generated are to be applied solely for the promotion of its objects. For this reason no tax liability has been included in these accounts. The process by which the company registers with HM Revenue and Customs as a not for profit organisation has not yet been completed. However, it is expected to be completed before the date on which any potential tax liability would become payable.

Notes to the Financial Statements

for the Period Ended 31 March 2021

• 2. Employees

  	13 months to 31 March 2021
  Average number of employees during the period	1