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
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
Rena Investment Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
42,862
Creditors: amounts falling due within one year
(253,746)
Total assets less current liabilities
3,233,577
Creditors: amounts falling due after more than one year
(3,191,782)
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
Rena Investment Ltd
Notes to the Accounts
for the period from 18 August 2022 to 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 in shares are included at fair value.
4
Tangible fixed assets
Land & buildings
At 31 August 2023
3,181,317
At 31 August 2023
3,181,317
5
Investments
Subsidiary undertakings
Valuation at 18 August 2022
-
Valuation at 31 August 2023
600
Rena Investment Ltd
Notes to the Accounts
for the period from 18 August 2022 to 31 August 2023
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
Taxes and social security
9,780
Loans from directors
224,264
8
Creditors: amounts falling due after more than one year
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
-
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.