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REGISTERED NUMBER: 08516220 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Rengen House Limited

Rengen House Limited (Registered number: 08516220)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rengen House Limited

Company Information
for the Year Ended 31 July 2022







DIRECTORS: R I Lewis
D F Steadman





REGISTERED OFFICE: 89 - 95 Redcliff Street
Bristol
BS1 6LU





REGISTERED NUMBER: 08516220 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Rengen House Limited (Registered number: 08516220)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,380 61,139
Investment property 5 5,073,381 4,800,000
5,109,761 4,861,139

CURRENT ASSETS
Debtors 6 - 69,221
Cash at bank 591 390
591 69,611
CREDITORS
Amounts falling due within one year 7 1,591,024 1,262,376
NET CURRENT LIABILITIES (1,590,433 ) (1,192,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,519,328

3,668,374

CREDITORS
Amounts falling due after more than one
year

8

(2,617,280

)

(2,594,366

)

PROVISIONS FOR LIABILITIES (189,214 ) (309,478 )
NET ASSETS 712,834 764,530

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 712,734 764,430
712,834 764,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

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

Rengen House Limited (Registered number: 08516220)

Balance Sheet - continued
31 July 2022


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 28 July 2023 and were signed on its behalf by:





D F Steadman - Director


Rengen House Limited (Registered number: 08516220)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Rengen House 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.

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.
Fixtures and fittings - 33% on cost

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.

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 NIL (2021 - NIL).

Rengen House Limited (Registered number: 08516220)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2021 98,276
Additions 11,450
At 31 July 2022 109,726
DEPRECIATION
At 1 August 2021 37,137
Charge for year 36,209
At 31 July 2022 73,346
NET BOOK VALUE
At 31 July 2022 36,380
At 31 July 2021 61,139

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2021 4,800,000
Additions 273,381
At 31 July 2022 5,073,381
NET BOOK VALUE
At 31 July 2022 5,073,381
At 31 July 2021 4,800,000

Fair value at 31 July 2022 is represented by:
£   
Valuation in 2021 1,267,163
Cost 3,806,218
5,073,381

The cost of the property of £3,806,218 (2021: £3,532,837) includes capitalised finance charges of £309,595 (2021: £309,595)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
VAT - 61,112
Prepayments - 8,109
- 69,221

Rengen House Limited (Registered number: 08516220)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 68,631 68,631
Trade creditors 81,355 44,743
Amounts owed to group undertakings 1,429,339 1,135,656
VAT 5,648 -
Accruals and deferred income 6,051 13,346
1,591,024 1,262,376

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans - 1-2 years 68,631 68,631
Bank loans - 2-5 years 823,570 274,524
Bank loans more 5 yr by instal 1,725,079 2,251,211
2,617,280 2,594,366

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,725,079 2,251,211

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.22 31.7.21
£    £   
Bank loans 2,685,911 -

The bank loans are secured by a fixed charge over the development property of the company and a floating charge held against the company's assets. The parent undertaking, Iesis Limited and fellow subsidiaries Rengen (Burnham Road) Limited and Rengen (Radway) Limited are guarantors in respect fo the company's obligations to the lender.

10. CONTINGENT LIABILITIES

At the year end the company was party to a cross guarantee and set-off agreement with Julian Hodge Bank Limied in respect of loans to the company itself and also to Rengen (Burnham Road) Limited and Rengen (Radway) Limited, being companies within the same parent group. The loans outstanding at the year end for Rengen (Burnham Road) Limited and for Rengen (Radway) Limited amounted to £4,192,834 (2021: £4225,629)

11. PARENT UNDERTAKING

Iesis Limited, whose registered office is at 89-95 Redcliff Street, Bristol, BS1 6LU, is the parent undertaking which prepares consolidated financial statements.