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REGISTERED NUMBER: 09329093 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Ranncorp Limited

Ranncorp Limited (Registered number: 09329093)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Ranncorp Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: M Ruuhonen





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 09329093 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Ranncorp Limited (Registered number: 09329093)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 4,285 4,285
4,285 4,285

CURRENT ASSETS
Debtors 6 920,690 1,263,896
Cash at bank 7,284 220,315
927,974 1,484,211
CREDITORS
Amounts falling due within one year 7 5,611 249,336
NET CURRENT ASSETS 922,363 1,234,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,648

1,239,160

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 926,647 1,239,159
926,648 1,239,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 14th August 2024 and were signed by:



M Ruuhonen - Director


Ranncorp Limited (Registered number: 09329093)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Ranncorp 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

Ranncorp Limited (Registered number: 09329093)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 4,305
DEPRECIATION
At 1st January 2023
and 31st December 2023 4,305
NET BOOK VALUE
At 31st December 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 4,285
NET BOOK VALUE
At 31st December 2023 4,285
At 31st December 2022 4,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 914,687 1,263,763
Other debtors 6,003 133
920,690 1,263,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 63,284
Director's loan account 3,212 182,752
Accrued expenses 2,399 3,300
5,611 249,336

Ranncorp Limited (Registered number: 09329093)

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

8. RELATED PARTY DISCLOSURES

Renaissance Capital Oy
Wholly-owned subsidiary

During the year, Ranncorp Limited provided an interest-free loan to Renaissance Capital Oy, a wholly-owned subsidiary company based in Finland. The balance due to the company by the subsidiary at 31st December 2023 amounted to £914,687 (2022: £1,263,763).

M Ruuhonen
Director

During the year, M Ruuhonen made an interest-free loan to the company. The balance due to M Ruuhonen from the company at 31st December 2023 amounted to £3,212 (2022: £182,571).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ranncorp Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ranncorp Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ranncorp Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ranncorp Limited and state those matters that we have agreed to state to the director of Ranncorp Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ranncorp Limited and its director for our work or for this report.

It is your duty to ensure that Ranncorp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ranncorp Limited. You consider that Ranncorp 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 financial statements of Ranncorp 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 financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


15th August 2024