Registered number
10413272
Renaissance (EA) Limited
Filleted Accounts
31 December 2024
Renaissance (EA) Limited
Registered number: 10413272
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 440,185 438,745
Current assets
Debtors 4 47 4,573
Cash at bank and in hand 2,873 6,700
2,920 11,273
Creditors: amounts falling due within one year 5 (293,473) (468,365)
Net current liabilities (290,553) (457,092)
Net assets/(liabilities) 149,632 (18,347)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 148,632 (19,347)
Shareholder's funds 149,632 (18,347)
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mrs E Allam
Director
Approved by the board on 25 July 2025
Renaissance (EA) Limited
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is from the provision of serviced accomodation and the sale of property. Turnover is recognised by reference to the number of days of occupation. Sales of property are recognised upon completion.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Fixtures and fittings over 5 years
No depreciation is provided upon freehold buildings as their residual value is so high and there estimated economic life so long such that any depreciation would be immaterial. The buildings are maintained in a continuous state of sound repair.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Freehold land and buildings Fixtures and fittings Total
£ £ £
Cost
At 1 January 2024 438,744 28,990 467,734
Additions - 1,801 1,801
At 31 December 2024 438,744 30,791 469,535
Depreciation
At 1 January 2024 - 28,989 28,989
Charge for the year - 361 361
At 31 December 2024 - 29,350 29,350
Net book value
At 31 December 2024 438,744 1,441 440,185
At 31 December 2023 438,744 1 438,745
4 Debtors 2024 2023
£ £
Trade debtors - 2,573
Other debtors 47 2,000
47 4,573
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 2,661
Amounts owed to group undertakings and undertakings in which the company has a participating interest 215,596 -
Taxation and social security costs 12,726 622
Other creditors 65,151 465,082
293,473 468,365
6 Related party transactions
Included within Other creditors as at 31 December 2023 was a loan from the director of £465,082. This loan is interest free and repayable on demand. During the year £401,624 was repaid, leaving a balance owing of £63,458.
During the year investments of £658,275 were transferred to the company from Renaissance (EA) Holdings Limited. An amount of £440,679 was paid to this company during the year, and £215,596 was outstanding at the year end. This loan is interest free and repayable on demand.
7 Controlling party
The company is a subsidiary of Renaissance (EA) Holdings Limited, a company incorporated in England.
8 Other information
Renaissance (EA) Limited is a private company limited by shares and incorporated in England. Its registered office is:
First floor
Albion House
Albion Street
Hull
HU1 3TE
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