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REGISTERED NUMBER: 07863552 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

RENATUS PROPERTY MANAGEMENT LIMITED

RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENATUS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P J French
A M Munday
R H McCullough





SECRETARY: A M Munday





REGISTERED OFFICE: Suite 2
West Hill House
West Hill
Epsom
Surrey
KT19 8JD





REGISTERED NUMBER: 07863552 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,799 368

CURRENT ASSETS
Debtors 6 42,660,908 51,152,721
Cash at bank and in hand 4,751,851 5,400,684
47,412,759 56,553,405
CREDITORS
Amounts falling due within one year 7 47,413,421 56,544,636
NET CURRENT (LIABILITIES)/ASSETS (662 ) 8,769
TOTAL ASSETS LESS CURRENT LIABILITIES 9,137 9,137

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 9,037 9,037
SHAREHOLDERS' FUNDS 9,137 9,137

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





A M Munday - Director


RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

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


1. STATUTORY INFORMATION

Renatus Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

(i) Management charge to the property companies, which is an estimate of the administration services incurred by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit and loss on a straight line basis over the lifetime of the lease.

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.

RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital
Ordinary shares are classified as equity.

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.

Going concern
Due to the ongoing support of the company's fellow group undertakings the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 20,980
Additions 11,047
At 31 May 2024 32,027
DEPRECIATION
At 1 June 2023 20,612
Charge for year 1,616
At 31 May 2024 22,228
NET BOOK VALUE
At 31 May 2024 9,799
At 31 May 2023 368

RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,055 165,809
Amounts owed by group undertakings 42,304,825 50,770,152
Other debtors 248,028 216,760
42,660,908 51,152,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 257,597 277,120
Amounts owed to group undertakings 46,813,596 56,195,234
Taxation and social security 8,273 10,073
Other creditors 333,955 62,209
47,413,421 56,544,636

Included in other creditors are amounts totalling £291,850 which are due to be distributed to the minority shareholders of the liquidated group companies.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 982 1,310
Between one and five years - 983
982 2,293

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 9,037
Profit for the year -
At 31 May 2024 9,037

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew FCA (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

RENATUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 07863552)

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


12. CONTINGENT LIABILITIES

In November 2017 , a connected company, Street Property (Holdings) Limited acquired investment properties for a cost of £9,179,784. This acquisition was financed by a 10 year interest-bearing bank loan to Street Property (Holdings) Limited.The bank loan is secured over Street Property (Holdings) Limited investment properties and an unlimited guarantee by Renatus Property Management Limited.

13. RELATED PARTY DISCLOSURES

During the year the company received management charges of £518,958 (2023 - £552,563) from other companies under common control.

Details of amounts due to and payable by companies under common control are shown below; the relevant amounts being included in debtors and creditors. No interest is payable or receivable on any of these balances.

Included in debtors, amounts due from fellow group undertakings, are the following balances:
2024 2023
£ £
Street County (Stockholders) Limited 2,982,720 3,039,571
Street County (Securities) Limited - in liquidation - 6,776
Volterra Limited 768,553 840,664
Street Property (Holdings) Limited 30,105,641 29,426,284
Street Family Group of Companies (Holdings) Limited - 6,460,732
Sequent (Guernsey) Limited 9,125 9,125
Inner Town Homes Limited 3,461,508 3,612,635
Symons Family Group of Companies 2 Limited 1,426,823 3,289,948
Angeleon (Holdings) Limited - 416,262
Stile Hall Properties Limited 3,550,455 3,662,935
Davies General Builders (Estates) Limited - in liquidation - 720
Shore Street (Investments) Limited- in liquidation - 720
Established Estates (Sevenoaks) Limited- in liquidation - 720
Joanna House (Holdings) Limited- in liquidation - 720
Dringeen (Holdings) Limited- in liquidation - 720
Lewisham Model Market Limited- in liquidation - 720
Street County Estates (Surrey) Limited- in liquidation - 720
Willowgate Investment Co. Limited- in liquidation - 720
42,304,825 50,770,152
Included in creditors, amounts due to fellow group undertakings, are the following balances:
2024 2023
£ £
John Street and Company (Surrey) Limited 32,335,023 41,842,228
Street Family Group of Companies (Holdings) Limited 14,462,807 -
Phoenix Treasury Management Limited- in liquidation - 8,572,134
Street County (Investments) Limited- in liquidation - 366,110
Old Lodge (Holdings) Limited 15,346 9,849
Welcome to England (Hotels) Limited - in liquidation - 5,404,913
Angeleon (Holdings) Limited 420 -
46,813,596 56,195,234

14. ULTIMATE CONTROLLING PARTY

At the balance sheet date the company was a wholly controlled subsidiary of The Street Family Group of Companies (Holdings) Limited, a company registered in England and Wales. The ultimate parent company was a wholly controlled subsidiary of The Street Family Group of Companies Limited, a company incorporated in Jersey which is controlled by a discretionary trust.