2022-04-012023-03-312023-03-31false12243939RENOVARE GROUP LTD2023-10-22iso4217:GBPxbrli:pure122439392022-04-01122439392023-03-31122439392022-04-012023-03-31122439392021-04-01122439392022-03-31122439392021-04-012022-03-3112243939bus:SmallEntities2022-04-012023-03-3112243939bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112243939bus:AbridgedAccounts2022-04-012023-03-3112243939bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112243939core:WithinOneYear2023-03-3112243939core:AfterOneYear2023-03-3112243939core:WithinOneYear2022-03-3112243939core:AfterOneYear2022-03-3112243939core:ShareCapital2023-03-3112243939core:SharePremium2023-03-3112243939core:RevaluationReserve2023-03-3112243939core:OtherReservesSubtotal2023-03-3112243939core:RetainedEarningsAccumulatedLosses2023-03-3112243939core:ShareCapital2022-03-3112243939core:SharePremium2022-03-3112243939core:RevaluationReserve2022-03-3112243939core:OtherReservesSubtotal2022-03-3112243939core:RetainedEarningsAccumulatedLosses2022-03-3112243939core:LandBuildings2023-03-3112243939core:PlantMachinery2023-03-3112243939core:Vehicles2023-03-3112243939core:FurnitureFittings2023-03-3112243939core:OfficeEquipment2023-03-3112243939core:NetGoodwill2023-03-3112243939core:IntangibleAssetsOtherThanGoodwill2023-03-3112243939core:ListedExchangeTraded2023-03-3112243939core:UnlistedNon-exchangeTraded2023-03-3112243939core:LandBuildings2022-03-3112243939core:PlantMachinery2022-03-3112243939core:Vehicles2022-03-3112243939core:FurnitureFittings2022-03-3112243939core:OfficeEquipment2022-03-3112243939core:NetGoodwill2022-03-3112243939core:IntangibleAssetsOtherThanGoodwill2022-03-3112243939core:ListedExchangeTraded2022-03-3112243939core:UnlistedNon-exchangeTraded2022-03-3112243939core:LandBuildings2022-04-012023-03-3112243939core:PlantMachinery2022-04-012023-03-3112243939core:Vehicles2022-04-012023-03-3112243939core:FurnitureFittings2022-04-012023-03-3112243939core:OfficeEquipment2022-04-012023-03-3112243939core:NetGoodwill2022-04-012023-03-3112243939core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112243939core:ListedExchangeTraded2022-04-012023-03-3112243939core:UnlistedNon-exchangeTraded2022-04-012023-03-3112243939core:MoreThanFiveYears2022-04-012023-03-3112243939core:Non-currentFinancialInstruments2023-03-3112243939core:Non-currentFinancialInstruments2022-03-3112243939dpl:CostSales2022-04-012023-03-3112243939dpl:DistributionCosts2022-04-012023-03-3112243939dpl:AdministrativeExpenses2022-04-012023-03-3112243939core:LandBuildings2022-04-012023-03-3112243939core:PlantMachinery2022-04-012023-03-3112243939core:Vehicles2022-04-012023-03-3112243939core:FurnitureFittings2022-04-012023-03-3112243939core:OfficeEquipment2022-04-012023-03-3112243939core:NetGoodwill2022-04-012023-03-3112243939core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112243939dpl:GroupUndertakings2022-04-012023-03-3112243939dpl:ParticipatingInterests2022-04-012023-03-3112243939dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112243939core:ListedExchangeTraded2022-04-012023-03-3112243939dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112243939core:UnlistedNon-exchangeTraded2022-04-012023-03-3112243939dpl:CostSales2021-04-012022-03-3112243939dpl:DistributionCosts2021-04-012022-03-3112243939dpl:AdministrativeExpenses2021-04-012022-03-3112243939core:LandBuildings2021-04-012022-03-3112243939core:PlantMachinery2021-04-012022-03-3112243939core:Vehicles2021-04-012022-03-3112243939core:FurnitureFittings2021-04-012022-03-3112243939core:OfficeEquipment2021-04-012022-03-3112243939core:NetGoodwill2021-04-012022-03-3112243939core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112243939dpl:GroupUndertakings2021-04-012022-03-3112243939dpl:ParticipatingInterests2021-04-012022-03-3112243939dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112243939core:ListedExchangeTraded2021-04-012022-03-3112243939dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112243939core:UnlistedNon-exchangeTraded2021-04-012022-03-3112243939core:NetGoodwill2023-03-3112243939core:IntangibleAssetsOtherThanGoodwill2023-03-3112243939core:LandBuildings2023-03-3112243939core:PlantMachinery2023-03-3112243939core:Vehicles2023-03-3112243939core:FurnitureFittings2023-03-3112243939core:OfficeEquipment2023-03-3112243939core:AfterOneYear2023-03-3112243939core:WithinOneYear2023-03-3112243939core:ListedExchangeTraded2023-03-3112243939core:UnlistedNon-exchangeTraded2023-03-3112243939core:ShareCapital2023-03-3112243939core:SharePremium2023-03-3112243939core:RevaluationReserve2023-03-3112243939core:OtherReservesSubtotal2023-03-3112243939core:RetainedEarningsAccumulatedLosses2023-03-3112243939core:NetGoodwill2022-03-3112243939core:IntangibleAssetsOtherThanGoodwill2022-03-3112243939core:LandBuildings2022-03-3112243939core:PlantMachinery2022-03-3112243939core:Vehicles2022-03-3112243939core:FurnitureFittings2022-03-3112243939core:OfficeEquipment2022-03-3112243939core:AfterOneYear2022-03-3112243939core:WithinOneYear2022-03-3112243939core:ListedExch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RENOVARE GROUP LTD

Registered Number
12243939
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

RENOVARE GROUP LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

BRIGHT, David

Registered Address

4a Shenley Road
Borehamwood
WD6 1DL

Registered Number

12243939 (England and Wales)
RENOVARE GROUP LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments85,4005,400
5,4005,400
Current assets
Debtors640,913300,706
Cash at bank and on hand7703,461
641,683304,167
Creditors amounts falling due within one year(713,650)(314,043)
Net current assets (liabilities)(71,967)(9,876)
Total assets less current liabilities(66,567)(4,476)
Net assets(66,567)(4,476)
Capital and reserves
Called up share capital200200
Profit and loss account(66,767)(4,676)
Shareholders' funds(66,567)(4,476)
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2023, and are signed on its behalf by:
BRIGHT, David
Director
Registered Company No. 12243939
RENOVARE GROUP LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company operates as a group holding and management company.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets held for the company’s own use are stated at cost less depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis. The assets’ residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Assets below £1K are written off in the year purchased. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is only recognised in the accounts where the balance on the account is greater than £1K and only then recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
6.Employee information

20232022
Average number of employees during the year12
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 221,460
At 31 March 231,460
Depreciation and impairment
At 01 April 221,460
At 31 March 231,460
Net book value
At 31 March 23-
At 31 March 22-
8.Fixed asset investments

Total

£
Cost or valuation
At 01 April 225,400
At 31 March 235,400
Net book value
At 31 March 235,400
At 31 March 225,400