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REGISTERED NUMBER: 12437929 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Renewable Environmental Investments Ltd

Renewable Environmental Investments Ltd (Registered number: 12437929)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renewable Environmental Investments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I Bainbridge
J T Ritchie-Bland
J D Simpson





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 12437929 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Renewable Environmental Investments Ltd (Registered number: 12437929)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,954 3,769
Investments 5 679,497 625,071
685,451 628,840

CURRENT ASSETS
Debtors 6 7,699,056 5,078,533
Cash at bank 1,449,751 3,186,014
9,148,807 8,264,547
CREDITORS
Amounts falling due within one year 7 90,268 1,761,416
NET CURRENT ASSETS 9,058,539 6,503,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,743,990

7,131,971

CREDITORS
Amounts falling due after more than one
year

8

6,015,736

4,150,023
NET ASSETS 3,728,254 2,981,948

CAPITAL AND RESERVES
Called up share capital 9 60,606 60,606
Share premium 2,809,371 2,809,371
Retained earnings 858,277 111,971
3,728,254 2,981,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Renewable Environmental Investments Ltd (Registered number: 12437929)

Balance Sheet - continued
31 March 2024


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 29 July 2024 and were signed on its behalf by:





J T Ritchie-Bland - Director


Renewable Environmental Investments Ltd (Registered number: 12437929)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Renewable Environmental Investments Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on 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.

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.

Investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments including investments in subsidiaries are measured at cost less impairment.

Renewable Environmental Investments Ltd (Registered number: 12437929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,272 3,237 4,509
Additions 2,038 1,288 3,326
At 31 March 2024 3,310 4,525 7,835
DEPRECIATION
At 1 April 2023 16 724 740
Charge for year 265 876 1,141
At 31 March 2024 281 1,600 1,881
NET BOOK VALUE
At 31 March 2024 3,029 2,925 5,954
At 31 March 2023 1,256 2,513 3,769

Renewable Environmental Investments Ltd (Registered number: 12437929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023 - 625,071 625,071
Additions 100 54,326 54,426
Reclassification/transfer 301 (301 ) -
At 31 March 2024 401 679,096 679,497
NET BOOK VALUE
At 31 March 2024 401 679,096 679,497
At 31 March 2023 - 625,071 625,071

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,000 102,698
Amounts owed by group undertakings 7,407,718 4,615,404
Other debtors 267,338 360,431
7,699,056 5,078,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,088 2,401
Amounts owed to group undertakings - 165,294
Amounts owed to participating interests - 1,529,913
Amounts owed to associates 31,180 46,498
Taxation and social security - 12,616
Other creditors 12,000 4,694
90,268 1,761,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to participating interests 1,865,713 -
Other creditors 4,150,023 4,150,023
6,015,736 4,150,023

Renewable Environmental Investments Ltd (Registered number: 12437929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
Value:

2024

2023
£    £   
20,000 Ordinary A 1 20,000 20,000
8,424 Ordinary B 1 8,424 8,424
28,424 Ordinary C 1 ,28,424 28,424
3,758 Ordinary D 1 3,758 3,758
60,606 60,606