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REGISTERED NUMBER: 02081697 (England and Wales)















RENDER ESTATES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENDER ESTATES LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R D V Pelly
R P Rowan
Mrs C Stanton
M J Stanton





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 02081697 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 12,887,462 9,775,622

CURRENT ASSETS
Debtors 5 253,200 572,420
Investments 6 6,371,495 7,195,227
Cash at bank 2,902,700 3,209,363
9,527,395 10,977,010
CREDITORS
Amounts falling due within one year 7 650,991 418,436
NET CURRENT ASSETS 8,876,404 10,558,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,763,866

20,334,196

CREDITORS
Amounts falling due after more than
one year

8

(16,000,000

)

(17,500,000

)

PROVISIONS FOR LIABILITIES (743,982 ) (37,614 )
NET ASSETS 5,019,884 2,796,582

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 2,269,560 237,469
Retained earnings 2,750,322 2,559,111
SHAREHOLDERS' FUNDS 5,019,884 2,796,582

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

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

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 15 August 2024 and were signed on its behalf by:





Mrs C Stanton - Director


RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

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

1. STATUTORY INFORMATION

Render Estates 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.

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 9,775,622
Additions 373,381
Revaluations 2,738,459
At 31 May 2024 12,887,462
NET BOOK VALUE
At 31 May 2024 12,887,462
At 31 May 2023 9,775,622

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2017 273,112
Valuation in 2024 2,738,460
Cost 9,875,890
12,887,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 253,200 321,300
Prepayments - 251,120
253,200 572,420

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment bonds 6,371,495 7,195,227

RENDER ESTATES LIMITED (REGISTERED NUMBER: 02081697)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Corporation tax 63,736 55,525
Directors' current accounts 563,255 338,911
Accruals and deferred income 24,000 24,000
650,991 418,436

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Directors loans 16,000,000 17,500,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Directors loan account 16,563,255 17,587,791

The directors loan account is secured by a debenture on the assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023 237,469
Fair Value reserve 2,032,091

At 31 May 2024 2,269,560