Registered number
11623057
RENEW POWER INTERNATIONAL LIMITED
Report and Accounts
31 March 2024
RENEW POWER INTERNATIONAL LIMITED
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Independent auditor's report 3-5
Profit and loss account 6
Statement of comprehensive income 7
Balance sheet 8
Statement of changes in equity 9
Notes to the accounts 10-12
RENEW POWER INTERNATIONAL LIMITED
Company Information
Directors
Samir Rambihari Rai -Resigned on 10 July 2023
Samita Singh - Appointed on 10 July 2023
Auditors
The Corporate Practice Limited
Chartered Accountants and Statutory Auditors
65 Delamere Road
Hayes
Middlesex
UB4 0NN
Registered office
20 Layburn Crescent
Slough
SL3 8QN
Registered number
11623057
RENEW POWER INTERNATIONAL LIMITED
Registered number: 11623057
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
Principal activity of the company during the financial period was of holding company.
Directors
The following persons served as directors during the year:
Samir Rambihari Rai -Resigned on 10 July 2023
Samita Singh - Appointed on 10 July 2023
Auditors
The Corporate Practice Limited will be deemed to continue in office under the Companies Act 2006, s. 487(2)
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 17.12.2024 and signed on its behalf.
Samita Singh
Director
RENEW POWER INTERNATIONAL LIMITED
Independent auditor's report
to the members of RENEW POWER INTERNATIONAL LIMITED
Opinion
We have audited the accounts of RENEW POWER INTERNATIONAL LIMITED (the 'company') for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the Financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor's report is not a guarantee that the company will continue in operation.
Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and
the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the accounts are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with those charged with governance of the Company. Our approach was as follows:

We obtained a general understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are direct laws and regulations those have effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and taxation legislation. We obtained a general understanding of how the Company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance matters of
the Company.
For both direct and other laws and regulations, our procedures involved: making enquiry of the directors of the Company for their awareness of any noncompliance of laws or regulations, inquiring about the policies that have been established to prevent non-compliance with laws and regulations by officers and employees.

Our audit procedures included:
•Examining the supporting documents for all material balances, transactions and disclsoures
•enquiry of management and review and inspection of relevant correspondance
•evaluation of the selection and application of accounting policies
•analytical procedures to identify any unusual or unexpected relationship
•review of accounting estimates for biases
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Devender Arora ACA
(Senior Statutory Auditor) 65 Delamere Road
for and on behalf of
The Corporate Practice Limited Hayes
Statutory Auditor Middlesex
17.12.2024 UB4 0NN
RENEW POWER INTERNATIONAL LIMITED
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Administrative expenses (51,341) (53,126)
Other operating income 56,931 21,770
Operating profit/(loss) 5,590 (31,356)
Interest payable (182,879) (160,000)
Loss before taxation (177,289) (191,356)
Tax on loss - -
Loss for the financial year (177,289) (191,356)
RENEW POWER INTERNATIONAL LIMITED
Statement of comprehensive income
for the year ended 31 March 2024
2024 2023
£ £
Loss for the financial year (177,289) (191,356)
Other comprehensive income
Total comprehensive income for the year (177,289) (191,356)
RENEW POWER INTERNATIONAL LIMITED
Registered number: 11623057
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 24,791,045 24,600,119
Current assets
Debtors 5 2,526,914 769,305
Cash at bank and in hand 189,158 141,835
2,716,072 911,140
Creditors: amounts falling due within one year 6 (4,485,005) (2,311,858)
Net current liabilities (1,768,933) (1,400,718)
Net assets 23,022,112 23,199,401
Capital and reserves
Called up share capital 23,679,865 23,679,865
Profit and loss account (657,753) (480,464)
Shareholders' funds 23,022,112 23,199,401
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samita Singh
Director
Approved by the board on 17.12.2024
RENEW POWER INTERNATIONAL LIMITED
Statement of Changes in Equity
for the year ended 31 March 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2022 1,118,837 - - (289,108) 829,729
Loss for the financial year (191,356) (191,356)
Shares issued 22,561,028 - 22,561,028
At 31 March 2023 23,679,865 - - (480,464) 23,199,401
At 1 April 2023 23,679,865 - - (480,464) 23,199,401
Loss for the financial year (177,289) (177,289)
At 31 March 2024 23,679,865 - - (657,753) 23,022,112
RENEW POWER INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern basis
The directors intend to carry on with the company as the holding company of foreign investments. Therefore, the directors adopt the going concern basis of accounting in preparing the financial statements.
Statement of cash flows
The company is a qualifying entity for the purposes of FRS 102 and has elected to take exemption under paragraph 1.12(b) of FRS 102 not to present the company statement of cash flows.
Investment
Invesment in joint ventures are measured at cost less any accumulated impairnent. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Impairment
The carrying amount of investment is reviewed for impairment at each balance sheet date if the events or changes in circumstances indicate that the carrying value may not be recoverable. If there are indicators of impairment, an assessment is made to determine whether the carrying value exceeds its recoverable amount. Whenever the carrying value if an assets exceeds the recoverable amount, the carrying value is reduced to its recoverable amount and impairment loss is recognised in profit and loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Devender Arora ACA
Firm: The Corporate Practice Limited
Date of audit report: 17.12.2024
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
4 Investments
Other
investments Total Investments
£ £
Cost
At 1 April 2023 24,600,119 24,600,119
Additions 190,926 190,926
At 31 March 2024 24,791,045 24,791,045
On Dec 14, 2022, Renew Power International Limited entered into a Share Purchase Agreement (SPA) & Share Holders Agreement (SHA) and acquired 40% shareholding in 3E NV, a limited liability unlisted company (NV) incorporated, organised and existing under the laws of Belgium. Based on the terms contained in the Share Holders Agreement, Renew Power International Limited will have equal representation on the board upto first completion and later majority of directors post second completion. The decision about relevant activities requires unanimous consent of the parties sharing control. All the shareholders including Renew Power International Limited have a residual interest in the net assets of 3E.

On 30th Dec 2023 RPIL has entered into an agreement to subscribe Optional Convertible debentures(OCDs) in Climate Connect Digital Limited for an aggregate consideration, (in GBP) equivalent to INR 40,000,000. On 8th feb 2024 RPIL has paid Optional Convertible debentures investment of INR 20,000,000 (GBP 190,926) towards subscribing OCDs. The said investment is secured by pledge over securities held by CCD management.
5 Debtors 2024 2023
£ £
Advance to vendor 36,719 16,861
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,490,195 752,444
2,526,914 769,305
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,469,306 2,288,725
Other creditors 15,699 23,133
4,485,005 2,311,858
7 Controlling party
The ultimate controlling party is ReNew Private Limited (formerly known as ReNew Power Private Limited), a company incorporated in India, registered at 138, Ansal Chambers II, Bhikaji Cama Place, DELHI South Delhi DL 110066 INDIA.
8 Other information
RENEW POWER INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
20 Layburn Crescent
Slough
SL3 8QN
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