Registered number
10478980
Renchild Holdings Limited
Filleted Accounts
30 November 2023
Renchild Holdings Limited Registered number
Balance Sheet 10478980
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investment properties 3 4,350,000 2,156,137
Investments 4 55 55
4,350,055 2,156,192
Current assets
Debtors 5 307,136 215,884
Cash at bank and in hand 35,669 74,149
342,805 290,033
Creditors: amounts falling due within one year 6 (999,601) (1,021,003)
Net current liabilities (656,796) (730,970)
Total assets less current liabilities 3,693,259 1,425,222
Provisions for liabilities
Deferred tax (608,000) (60,000)
Net assets 3,085,259 1,365,222
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,085,159 1,365,122
Shareholders' funds 3,085,259 1,365,222
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
S Gilbert
Director
Approved by the board on 26 February 2025
Renchild Holdings Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention, as modified by the revaluation of investment properties, 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.
Group accounts
The company and its subsidiary company comprise a small-sized group and the company is therefore not required to prepare group accounts. Accordingly, the financial statements present information about the company as an individual undertaking rather than consolidated accounts for the group.
Turnover
Turnover represents rents receivable.
Investment properties
Investment properties are initially valued at cost but are subject to revaluation at the balance sheet date to reflect open market value should this differ from the carrying value. Any changes in value are reflected in the profit and loss account. The company departs from the normal requirement to charge depreciation on investment properties in order to satisfy the overriding requirement for the accounts to give a true and fair view of the company's results and financial position.
Deferred taxation
Full provision is made for deferred tax liabilities resulting from timing differences, including a provision for the tax that would be payable by the company were its investment property to be sold at its balance sheet valuation. Deferred tax is calculated on an un-discounted basis.
2 Employees 2023 2022
Number Number
Average number of employees and company officers 1 1
3 Investment properties
£
Valuation
At 1 December 2022 2,156,137
Surplus on revaluation 2,193,863
At 30 November 2023 4,350,000
The company's investment properties have been valued by the director as at 30 November 2023 by reference to her knowledge of the local property market.
4 Investments
Investment in
subsidiary
£
Cost
At 1 December 2022 55
At 30 November 2023 55
5 Debtors 2023 2022
£ £
Trade debtors 4,319 12,228
Amounts owed by subsidiary 247,679 179,679
Other debtors 55,138 23,977
307,136 215,884
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,175 52
Corporation tax 70,552 48,382
Other taxes 4,300 4,357
Other creditors 922,574 968,212
999,601 1,021,003
7 Controlling party
At 30 November 2023, the company was controlled by Mrs S Gilbert, who owned the company's entire issued share capital.
8 Other information
Renchild Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 2, Ashdown Court, Lewes Road, Forest Row, East Sussex RH18 5EZ.
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