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REGISTERED NUMBER: 02190003 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RENCO (CHESTERFIELD) LIMITED

RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENCO (CHESTERFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Christopher John Renshaw
Hazel Joyce Renshaw





REGISTERED OFFICE: The Estate Office, Wilkin House Farm
Uppertown
Ashover
Chesterfield
Derbyshire
S45 0JD





REGISTERED NUMBER: 02190003 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,560 179,872
Investments 5 6,466,710 6,557,684
6,615,270 6,737,556

CURRENT ASSETS
Debtors 6 27,452 113,334
Cash at bank 9,083,389 7,996,681
9,110,841 8,110,015
CREDITORS
Amounts falling due within one year 7 1,422,094 1,582,635
NET CURRENT ASSETS 7,688,747 6,527,380
TOTAL ASSETS LESS CURRENT LIABILITIES 14,304,017 13,264,936

PROVISIONS FOR LIABILITIES 37,140 34,376
NET ASSETS 14,266,877 13,230,560

CAPITAL AND RESERVES
Called up share capital 300,100 300,100
Share premium 800,000 800,000
Retained earnings 13,166,777 12,130,460
14,266,877 13,230,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Christopher John Renshaw - Director


RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Renco (Chesterfield) 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements have been fully amortised in the current year.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of
ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the
term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 373,945 10,392 70,217 454,554
Additions 63,668 - - 63,668
Disposals (85,573 ) (2,218 ) (15,200 ) (102,991 )
At 31 March 2023 352,040 8,174 55,017 415,231
DEPRECIATION
At 1 April 2022 213,105 8,412 53,165 274,682
Charge for year 34,814 292 2,553 37,659
Eliminated on disposal (35,128 ) (2,182 ) (8,360 ) (45,670 )
At 31 March 2023 212,791 6,522 47,358 266,671
NET BOOK VALUE
At 31 March 2023 139,249 1,652 7,659 148,560
At 31 March 2022 160,840 1,980 17,052 179,872

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment Property 6,557,684 6,557,684
Additions 20,825 -
Disposals (111,799 ) -
6,466,710 6,557,684

Investment property comprises of properties held by the company. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

RENCO (CHESTERFIELD) LIMITED (REGISTERED NUMBER: 02190003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,797 112,559
Other debtors 3,655 775
27,452 113,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,332 12,279
Amounts owed to related party 989,900 989,900
Taxation and social security 271,156 348,458
Other creditors 157,706 231,998
1,422,094 1,582,635

8. RELATED PARTY DISCLOSURES

Mr C Renshaw and Mrs H Renshaw are also partners in C & H Renshaw Farm Partnership.
At 31st March 2023 creditors includes a loan owing to C & H Renshaw Farm Partnership for £989,900 (2022: £989,900).

9. OTHER DISCLOSURES

National Westminster Bank PLC holds a fixed and floating charge over the properties held in the company.