IRIS Accounts Production v22.1.4.3 04521445 Board of Directors 1.9.20 31.8.21 31.8.21 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure045214452020-08-31045214452021-08-31045214452020-09-012021-08-31045214452019-08-31045214452019-09-012020-08-31045214452020-08-3104521445ns16:EnglandWales2020-09-012021-08-3104521445ns15:PoundSterling2020-09-012021-08-3104521445ns11:Director12020-09-012021-08-3104521445ns11:PrivateLimitedCompanyLtd2020-09-012021-08-3104521445ns11:SmallEntities2020-09-012021-08-3104521445ns11:AuditExempt-NoAccountantsReport2020-09-012021-08-3104521445ns11:SmallCompaniesRegimeForDirectorsReport2020-09-012021-08-3104521445ns11:SmallCompaniesRegimeForAccounts2020-09-012021-08-3104521445ns11:FullAccounts2020-09-012021-08-310452144512020-09-012021-08-3104521445ns11:Director22020-09-012021-08-3104521445ns11:CompanySecretary12020-09-012021-08-3104521445ns11:RegisteredOffice2020-09-012021-08-3104521445ns6:CurrentFinancialInstruments2021-08-3104521445ns6:CurrentFinancialInstruments2020-08-3104521445ns6:Non-currentFinancialInstruments2021-08-3104521445ns6:Non-currentFinancialInstruments2020-08-3104521445ns6:ShareCapital2021-08-3104521445ns6:ShareCapital2020-08-3104521445ns6:RetainedEarningsAccumulatedLosses2021-08-3104521445ns6:RetainedEarningsAccumulatedLosses2020-08-3104521445ns6:NetGoodwill2020-09-012021-08-3104521445ns6:PlantMachinery2020-09-012021-08-3104521445ns6:NetGoodwill2020-08-3104521445ns6:NetGoodwill2021-08-3104521445ns6:NetGoodwill2020-08-3104521445ns6:PlantMachinery2020-08-3104521445ns6:PlantMachinery2021-08-3104521445ns6:PlantMachinery2020-08-3104521445ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-08-3104521445ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-08-3104521445ns6:Secured2021-08-3104521445ns6:Secured2020-08-31
REGISTERED NUMBER: 04521445 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Renaissance Properties(Yorkshire)Limited

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Contents of the Financial Statements
for the Year Ended 31 August 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renaissance Properties(Yorkshire)Limited

Company Information
for the Year Ended 31 August 2021







DIRECTORS: P Reid
Mrs J K Reid





SECRETARY: P Reid





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2JL





REGISTERED NUMBER: 04521445 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 5,179 6,093
Investment property 6 1,380,000 1,380,000
1,386,679 1,389,093

CURRENT ASSETS
Debtors 7 72,617 70,131
Cash at bank 14,518 13,419
87,135 83,550
CREDITORS
Amounts falling due within one year 8 427,152 455,309
NET CURRENT LIABILITIES (340,017 ) (371,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,046,662 1,017,334

CREDITORS
Amounts falling due after more than one year 9 (315,960 ) (351,933 )

PROVISIONS FOR LIABILITIES (28,488 ) (28,661 )
NET ASSETS 702,214 636,740

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 702,212 636,738
SHAREHOLDERS' FUNDS 702,214 636,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Balance Sheet - continued
31 August 2021


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 25 August 2022 and were signed on its behalf by:





P Reid - Director


Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Notes to the Financial Statements
for the Year Ended 31 August 2021


1. STATUTORY INFORMATION

Renaissance Properties(Yorkshire)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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 is being written off over its remaining useful life of 5 years.

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 reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on those gains at the rate expected to apply when the property is sold.

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 2 (2020 - 2 ) .

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2020
and 31 August 2021 30,000
AMORTISATION
At 1 September 2020 27,000
Charge for year 1,500
At 31 August 2021 28,500
NET BOOK VALUE
At 31 August 2021 1,500
At 31 August 2020 3,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2020
and 31 August 2021 12,490
DEPRECIATION
At 1 September 2020 6,397
Charge for year 914
At 31 August 2021 7,311
NET BOOK VALUE
At 31 August 2021 5,179
At 31 August 2020 6,093

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2020
and 31 August 2021 1,380,000
NET BOOK VALUE
At 31 August 2021 1,380,000
At 31 August 2020 1,380,000

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2021 is represented by:
£   
Valuation in 2017 144,760
Cost 1,235,240
1,380,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.21 31.8.20
£    £   
Cost 1,235,240 1,235,240
Aggregate depreciation (156,686 ) (144,334 )

Investment properties were valued on an open market basis on 31 August 2021 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 6,595 6,282
Other debtors 66,022 63,849
72,617 70,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 34,993 34,989
Trade creditors 2,578 2,099
Taxation and social security 16,821 15,012
Other creditors 372,760 403,209
427,152 455,309

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans 315,960 351,933

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,882 236,659

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.21 31.8.20
£    £   
Bank loans 350,953 386,922

The bank loans are secured by mortgages over a number of freehold properties and a fixed and floating debenture over all properties and assets present and future.

11. RELATED PARTY DISCLOSURES

At the year end there was a loan of £170,743 (2020 £164,843) due to the directors of the company. This loan is interest free and repayable on demand.

12. COMPANY CONTROL

The directors consider that the holding company, Renaissance Holdings (Yorkshire) Limited is the ultimate parent company.
Registered office : 28 Prescott Street
Halifax
HX1 2LG

Principal place of business: Heathwood House
Green Lane
Halifax
HX3 7TX