AYR RENAISSANCE LLP

Company Registration Number:
SO302229 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

AYR RENAISSANCE LLP

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AYR RENAISSANCE LLP

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The business of Ayr Renaissance LLP continues to be the regeneration of Ayr town centre and in particular its assets at the Riverside block and the Grain Exchange building at 79-81 High Street.



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Martin Dowey


The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Eileen Howatt


The director shown below has held office during the period of
31 March 2023 to 31 March 2023

Michael Newall


Secretary Karen Briggs

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 November 2023

And signed on behalf of the board by:
Name: Michael Newall
Status: Director

AYR RENAISSANCE LLP

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 1,821 5,952
Gross profit(or loss): 1,821 5,952
Distribution costs: ( 110,168 )
Administrative expenses: ( 1,803 ) ( 5,942 )
Operating profit(or loss): 18 (110,158)
Interest payable and similar charges: ( 18 ) ( 10 )
Profit(or loss) before tax: 0 (110,168)
Profit(or loss) for the financial year: 0 (110,168)

AYR RENAISSANCE LLP

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 690,000 690,000
Total fixed assets: 690,000 690,000
Current assets
Debtors: 4 2,267 1,441
Total current assets: 2,267 1,441
Creditors: amounts falling due within one year: 5 ( 107,335 ) ( 106,509 )
Net current assets (liabilities): (105,068) (105,068)
Total assets less current liabilities: 584,932 584,932
Total net assets (liabilities): 584,932 584,932
Capital and reserves
Called up share capital: 100 100
Other reserves: 584,832 584,832
Total Shareholders' funds: 584,932 584,932

The notes form part of these financial statements

AYR RENAISSANCE LLP

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 November 2023
and signed on behalf of the board by:

Name: Michael Newall
Status: Director

The notes form part of these financial statements

AYR RENAISSANCE LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period.

    Tangible fixed assets depreciation policy

    Depreciation is provided for on all assets with a determinable useful life by allocating the value of the assets in the balance sheet over the periods expected to benefit from their use. No depreciation has been charged on tangible fixed assets during the period.

AYR RENAISSANCE LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

AYR RENAISSANCE LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed assets investments note

Investment assets are properties used solely to earn rental income, or for capital appreciation, or both. They do not include properties (land and buildings, or part thereof) used either in the delivery of services, for administrative purposes, held for sale or in the normal course of operations. Investment properties are not depreciated.Investment assets were written down from historical cost to fair value during 2021/22 and continue to be valued at fair value in the Balance Sheet as at 31 March 2023.

AYR RENAISSANCE LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Other debtors 2,267 1,441
Total 2,267 1,441

AYR RENAISSANCE LLP

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 107,335 106,509
Total 107,335 106,509