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REGISTERED NUMBER: 04521445 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Renaissance Properties(Yorkshire)Limited

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renaissance Properties(Yorkshire)Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Reid
Mrs J K Reid
L Reid
W Reid





SECRETARY: P Reid





REGISTERED OFFICE: Office B5
Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ





REGISTERED NUMBER: 04521445 (England and Wales)





ACCOUNTANTS: Enigma Accountants Ltd
Office B5, Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,181 3,742
Investment property 6 1,315,000 1,380,000
1,318,181 1,383,742

CURRENT ASSETS
Debtors 7 19,775 67,117
Cash at bank 68,325 14,260
88,100 81,377
CREDITORS
Amounts falling due within one year 8 389,060 413,170
NET CURRENT LIABILITIES (300,960 ) (331,793 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,017,221 1,051,949

CREDITORS
Amounts falling due after more than one
year

9

(103,286

)

(217,979

)

PROVISIONS FOR LIABILITIES (26,883 ) (28,216 )
NET ASSETS 887,052 805,754

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 138,308 144,761
Retained earnings 748,742 660,991
887,052 805,754

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

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

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





P Reid - Director


Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

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

1. STATUTORY INFORMATION

Renaissance Properties(Yorkshire)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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance and 15% on reducing balance

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.

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023
and 31 August 2024 30,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 12,490
DEPRECIATION
At 1 September 2023 8,748
Charge for year 561
At 31 August 2024 9,309
NET BOOK VALUE
At 31 August 2024 3,181
At 31 August 2023 3,742

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,380,000
Disposals (65,000 )
At 31 August 2024 1,315,000
NET BOOK VALUE
At 31 August 2024 1,315,000
At 31 August 2023 1,380,000

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 138,307
Cost 1,176,693
1,315,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 1,176,693 1,235,240
Aggregate depreciation (193,157 ) (181,390 )

Investment properties were valued on an open market basis on 31 August 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,875 4,981
Other debtors 17,900 62,136
19,775 67,117

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 7,496 13,620
Trade creditors 2,000 689
Taxation and social security 28,013 10,010
Other creditors 351,551 388,851
389,060 413,170

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 103,286 217,979

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,526 163,499

Renaissance Properties(Yorkshire)Limited (Registered number: 04521445)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 110,782 231,599

The bank loans are secured by mortgages over a number of freehold properties and a fixed and floating debenture over all properties and assets present and future.

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023 144,761
Movement in year (6,453 )

At 31 August 2024 138,308

12. RELATED PARTY DISCLOSURES

At the year end there was a loan of £206,108 (2023 £192,962) due to the directors of the company. This loan is interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The company consider that the holding company, Renaissance Holdings (Yorkshire) Limited is the ultimate parent company.

Registered office
Office B5
Croft Myl
West Parade
Halifax
HX1 2EQ

Principal place of business
Heathwood House
Green Lane
Halifax
HX3 7TX