Accounts for Limited company with rental income only

EllabobbinEllabobbin Feels At HomePosts: 92Registered

I hope everyoone survived January!

I have a Limited company client who only has rental income.

I am completely comfortable with the tax treatment of the income (and where to pop the entries in the CT600). I have made the appropriate adjustments for the investment properties in line with the accounting standards. I have a balance sheet which I am happy with but how the P&L should look is causing me some concern.

Is anyone able to share how they would present this in the accounts - would you show the net income in 'other income' as rental income or would you show the income and then expenditure as you would for a trading company?

A template would be amazing :-)

Very grateful for any comments



  • NorvydasNorvydas DevonPosts: 265MAAT
    edited February 2019

    You would show rent income as you would for normal trading company. Of course your sales would be Rent Income, and then expenditure as normal.



    Rent Received


    Etc etc..
    Kind Regards,

    Norvydas Valavicius.
  • readerreader Experienced Mentor Posts: 1,039MAAT, AAT Licensed Accountant
    Are you using FRS102 or 105? And why did you choose that particular standard?
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