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REGISTERED NUMBER: 02081697 (England and Wales)















RENDER ESTATES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2023






RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENDER ESTATES LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: R D V Pelly
R P Rowan
Mrs C Stanton
M J Stanton





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 02081697 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,775,622 9,029,434

CURRENT ASSETS
Debtors 5 572,420 277,200
Investments 6 7,195,227 7,483,161
Cash at bank 3,209,363 3,985,525
10,977,010 11,745,886
CREDITORS
Amounts falling due within one year 7 418,436 159,550
NET CURRENT ASSETS 10,558,574 11,586,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,334,196

20,615,770

CREDITORS
Amounts falling due after more than one
year

8

(17,500,000

)

(18,000,000

)

PROVISIONS FOR LIABILITIES (37,614 ) (37,614 )
NET ASSETS 2,796,582 2,578,156

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 237,469 237,469
Retained earnings 2,559,111 2,340,685
SHAREHOLDERS' FUNDS 2,796,582 2,578,156

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

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

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mrs C Stanton - Director


RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Render Estates 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 9,029,434
Additions 746,188
At 31 May 2023 9,775,622
NET BOOK VALUE
At 31 May 2023 9,775,622
At 31 May 2022 9,029,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 321,300 277,200
Prepayments 251,120 -
572,420 277,200

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment bonds 7,195,227 7,483,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 55,525 36,903
Directors' current accounts 338,911 98,647
Accruals and deferred income 24,000 24,000
418,436 159,550

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors loans 17,500,000 18,000,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Directors loan account 17,587,791 18,098,646

The directors loan account is secured by a debenture of the assets of the company.

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 237,469