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Company Registration No. 10930295 (England and Wales)
RENIKA INVESTMENTS LIMITED Unaudited accounts for the year ended 31 December 2023
RENIKA INVESTMENTS LIMITED Unaudited accounts Contents
Page
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RENIKA INVESTMENTS LIMITED Company Information for the year ended 31 December 2023
Director
Jon Sigurdsson
Company Number
10930295 (England and Wales)
Registered Office
12 Hay Hill London W1J 8NR
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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RENIKA INVESTMENTS LIMITED Accountants' report
Accountants' report to the director of RENIKA INVESTMENTS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RENIKA INVESTMENTS LIMITED for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RENIKA INVESTMENTS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RENIKA INVESTMENTS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RENIKA INVESTMENTS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RENIKA INVESTMENTS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RENIKA INVESTMENTS LIMITED. You consider that RENIKA INVESTMENTS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RENIKA INVESTMENTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 15 July 2024
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RENIKA INVESTMENTS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
226,690 
240,386 
Current assets
Debtors
740,415 
780,104 
Cash at bank and in hand
83,510 
1,527,402 
823,925 
2,307,506 
Creditors: amounts falling due within one year
(56,897)
(10,671)
Net current assets
767,028 
2,296,835 
Net assets
993,718 
2,537,221 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
993,716 
2,537,219 
Shareholders' funds
993,718 
2,537,221 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Jon Sigurdsson Director Company Registration No. 10930295
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RENIKA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
RENIKA INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10930295. The registered office is 12 Hay Hill, London, W1J 8NR.
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 remained unchanged from the previous year, and also 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at cost less impairment, as no reasonable valuation can be made to reflect the fair value of these assets.
4
Investments
Other investments 
£ 
Valuation at 1 January 2023
240,386 
Additions
64,048 
Disposals
(77,744)
Valuation at 31 December 2023
226,690 
Investments in Bywater Capital Limited has been impaired by £20,337 and Bywater Gamma by £57,407 due to due to an impairments of the underlying assets. All other investments are carried at cost.
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RENIKA INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,782 
49,788 
Accrued income and prepayments
1,256 
1,111 
Other debtors
9,360 
98,423 
28,398 
149,322 
Amounts falling due after more than one year
Other debtors
712,017 
630,782 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
911 
1,475 
Trade creditors
- 
90 
Taxes and social security
4,328 
8,421 
Other creditors
51,658 
685 
56,897 
10,671 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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