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REGISTERED NUMBER: 10991572 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RENEVO CAPITAL LIMITED

RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

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


RENEVO CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M A Powell
P A Selbekk





REGISTERED OFFICE: 27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 10991572 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,664 586
Investments 5 63,613 76,714
67,277 77,300

CURRENT ASSETS
Debtors 6 204,817 297,095
Cash at bank 110,588 205,905
315,405 503,000
CREDITORS
Amounts falling due within one year 7 468,877 570,174
NET CURRENT LIABILITIES (153,472 ) (67,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,195

)

10,126

CAPITAL AND RESERVES
Called up share capital 3,725 3,725
Share premium 13,171 13,171
Retained earnings (103,091 ) (6,770 )
(86,195 ) 10,126

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.

RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





M A Powell - Director


RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Renevo Capital 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.

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.
Office equipment and furniture - 33% on cost

Investments in subsidiaries
Fixed asset investments represent amounts invested in subsidiary undertakings and are reported at cost unless the subsidiary is no longer operational.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
and
furniture
£
COST
At 1 April 2023 639
Additions 4,236
At 31 March 2024 4,875
DEPRECIATION
At 1 April 2023 53
Charge for year 1,158
At 31 March 2024 1,211
NET BOOK VALUE
At 31 March 2024 3,664
At 31 March 2023 586

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023 208,874
Additions 31,792
Disposals (177,053 )
Impairments (132,160 )
Reversal of impairments 132,160
At 31 March 2024 63,613
NET BOOK VALUE
At 31 March 2024 63,613
At 31 March 2023 208,874

RENEVO CAPITAL LIMITED (REGISTERED NUMBER: 10991572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS - continued

At the beginning of the year, the Company owned a controlling interest in Renevo Capital Limited, Inc ("RC Inc") a corporation incorporated in Delaware, USA, a controlling interest Renevo Consulting Limited ("RCons") a corporation incorporated in China, held all voting rights in Renevo Capital Partners LLP ("RC LLP"), a limited liability partnership incorporated in England and Wales and also held all the issued share capital of Renevo Capital Europe, Lda ("RCE") a company registered in Portugal. All four entities provide consultancy services to the Company whilst the Company provided consultancy services to RCE.

During the year the Company incurred intercompany service charges of £10,190 (2023: £17,990) from RC Inc, management fees, travel expense and commissions of £56,995 (2023: £75,841) to RCons and commissions of £419,143 (2023: £584,060) to RC LLP. The Company owes RC LLP £394,232 (2023: £408,620) and is owed £100,325 by RCE (2023: £57,177 owed to). During the year, both interests in RC Inc and RCons were disposed of.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 11,875 72,636
Amounts owed by group undertakings 100,325 1,685
Other debtors 6,800 149,275
VAT 2,669 4,019
Prepayments 83,148 69,480
204,817 297,095

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 19,010 26,896
Amounts owed to group undertakings 394,232 500,921
Social security and other taxes 6,132 5,161
Other creditors 10,306 3,356
Accrued expenses 39,197 33,840
468,877 570,174