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Registered number: 12179815
Rentus Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
The Online Accountant
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12179815
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 402,412 400,089
402,412 400,089
CURRENT ASSETS
Debtors 5 780 1,680
Cash at bank and in hand 9,658 14,542
10,438 16,222
Creditors: Amounts Falling Due Within One Year 6 (161,529 ) -
NET CURRENT ASSETS (LIABILITIES) (151,091 ) 16,222
TOTAL ASSETS LESS CURRENT LIABILITIES 251,321 416,311
Creditors: Amounts Falling Due After More Than One Year 7 (350,925 ) (490,634 )
NET LIABILITIES (99,604 ) (74,323 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (99,605 ) (74,324 )
SHAREHOLDERS' FUNDS (99,604) (74,323)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darko Salaj
Director
02/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rentus Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12179815 . The registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Policy
Leasehold No Policy
Fixtures & Fittings No Policy
Computer Equipment 33% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 400,089 - 400,089
Additions - 2,842 2,842
As at 31 August 2024 400,089 2,842 402,931
Depreciation
As at 1 September 2023 - - -
Provided during the period - 519 519
As at 31 August 2024 - 519 519
Net Book Value
As at 31 August 2024 400,089 2,323 402,412
As at 1 September 2023 400,089 - 400,089
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,122
Prepayments and accrued income 780 558
780 1,680
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 83 -
Director's loan account 161,446 -
161,529 -
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage 41 The Grawen 104,319 314,093
Mortgage 22 Windsor St 52158151 58,568 -
Mortgage 114 Pennant St 52492351 96,613 -
Mortgage 33 West St 10204042 91,425 -
Directors loan account - 176,541
350,925 490,634
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3