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Company Registration No. 14306188 (England and Wales)
Rena Investment Ltd Unaudited accounts for the period from 18 August 2022 to 31 August 2023
Rena Investment Ltd Unaudited accounts Contents
Page
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Rena Investment Ltd Company Information for the period from 18 August 2022 to 31 August 2023
Directors
Mr Rauf YUSUFOGLU Mrs Aynur YUSUFOGLU Mr Duysal TOGUZ
Company Number
14306188 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Rena Investment Ltd Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
3,181,317 
Investments
600 
3,181,917 
Current assets
Debtors
262,544 
Cash at bank and in hand
42,862 
305,406 
Creditors: amounts falling due within one year
(253,746)
Net current assets
51,660 
Total assets less current liabilities
3,233,577 
Creditors: amounts falling due after more than one year
(3,191,782)
Net assets
41,795 
Capital and reserves
Called up share capital
100 
Profit and loss account
41,695 
Shareholders' funds
41,795 
For the period ending 31 August 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Mr Rauf YUSUFOGLU Director Company Registration No. 14306188
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Rena Investment Ltd Notes to the Accounts for the period from 18 August 2022 to 31 August 2023
1
Statutory information
Rena Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 14306188. The registered office is 214 Baker Street, Enfield, EN1 3JY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 18 August 2022
- 
Additions
3,181,317 
At 31 August 2023
3,181,317 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
3,181,317 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 18 August 2022
- 
Additions
600 
Valuation at 31 August 2023
600 
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Rena Investment Ltd Notes to the Accounts for the period from 18 August 2022 to 31 August 2023
6
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
12,544 
Amounts falling due after more than one year
Other debtors
250,000 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
16,038 
Taxes and social security
9,780 
Other creditors
3,664 
Loans from directors
224,264 
253,746 
8
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
3,191,782 
9
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan Account
- 
- 
224,264 
(224,264)
- 
- 
224,264 
(224,264)
There are no terms as to interest or repayment in respect of this balance.
11
Transactions with related parties
Included within other creditors due more than one year is an amount of £3,191,782 (inc. interest charged for the period) owed to Yusufoglu Madencilik Ltd Sti, which is a firm controlled by the mutual director and shareholder, Mr Rauf Yusufoglu. The original loan amount from Yusufoglu Madencilik Ltd Sti. is £3,000,500 and is due to be repaid in full by 11 November 2028 together with the accrued interest.
12
Average number of employees
During the period the average number of employees was 1.
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