REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2021 |
for |
Renaissance Properties(Yorkshire)Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
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 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
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 |
AMORTISATION |
At 1 September 2020 |
Charge for year |
At 31 August 2021 |
NET BOOK VALUE |
At 31 August 2021 |
At 31 August 2020 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2020 |
and 31 August 2021 |
DEPRECIATION |
At 1 September 2020 |
Charge for year |
At 31 August 2021 |
NET BOOK VALUE |
At 31 August 2021 |
At 31 August 2020 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2020 |
and 31 August 2021 |
NET BOOK VALUE |
At 31 August 2021 |
At 31 August 2020 |
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 |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Bank loans |
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 |
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 |