Renaissance PR Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09861822

Renaissance PR Ltd

Filleted Financial Statements

31 December 2024

Renaissance PR Ltd

Financial Statements

Period from 1 April 2024 to 31 December 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Renaissance PR Ltd

Balance Sheet

31 December 2024

	31 Dec 24		31 Mar 24
Note	£	£	£

Fixed assets

Tangible assets	5		41,301	47,116

Current assets

Debtors	6	211,566	153,559
Cash at bank and in hand		356,136	1,056,509
		---------	------------
		567,702	1,210,068

Creditors: amounts falling due within one year	7	379,074		256,273
		---------		------------
Net current assets			188,628	953,795
			---------	------------
Total assets less current liabilities			229,929	1,000,911

Provisions

Taxation including deferred tax	10,325	11,779
	---------	------------
Net assets	219,604	989,132
	---------	------------

Renaissance PR Ltd

Balance Sheet (continued)

31 December 2024

	31 Dec 24		31 Mar 24
Note	£	£	£

Capital and reserves

Called up share capital	1	1
Profit and loss account	219,603	989,131
	---------	---------
Shareholders funds	219,604	989,132
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:

Mr S Petrullo

Director

Company registration number: 09861822

Renaissance PR Ltd

Notes to the Financial Statements

Period from 1 April 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% reducing balance
Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2024: 2 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	82,543	25,847	108,390
Additions	–	4,424	4,424
Disposals	–	( 1,008)	( 1,008)
	--------	--------	---------
At 31 December 2024	82,543	29,263	111,806
	--------	--------	---------
Depreciation
At 1 April 2024	41,272	20,002	61,274
Charge for the period	6,190	3,419	9,609
Disposals	–	( 378)	( 378)
	--------	--------	---------
At 31 December 2024	47,462	23,043	70,505
	--------	--------	---------
Carrying amount
At 31 December 2024	35,081	6,220	41,301
	--------	--------	---------
At 31 March 2024	41,271	5,845	47,116
	--------	--------	---------

6. Debtors

	31 Dec 24	31 Mar 24
	£	£
Trade debtors	75,270	137,940
Intercompany	94,265	–
Other debtors	42,031	15,619
	---------	---------
	211,566	153,559
	---------	---------

7. Creditors: amounts falling due within one year

	31 Dec 24	31 Mar 24
	£	£
Trade creditors	203,777	93,443
Corporation tax	92,951	70,719
Social security and other taxes	10,941	20,886
Other creditors	71,405	71,225
	---------	---------
	379,074	256,273
	---------	---------

8. Summary audit opinion

The auditor's report dated 3 April 2025 was unqualified .

The senior statutory auditor was Pierpaolo Spadoni , for and on behalf of ACT Audit Limited .

9. Directors' advances, credits and guarantees

During the year, a director had an interest-free, repayable on demand loan with the company. At the start of the year the director owed £1,200, and at the end of the year was owed £2,100.

10. Related party transactions

The company has taken advantage of the exemption conferred by Financial Reporting Standard 102 not to disclose transactions with members of the group headed by 1SP Agency Holding GmbH on the grounds that 100% of the voting rights in the company are controlled within that group. During the period a dividend of £1,025,414 was voted with a related party. This dividend was to clear out a loan of the same value which was entered into within this period.

11. Controlling party

As of 31 January 2024, the ultimate Parent Undertaking is 1SP Agency Holding GmbH, a company incorporated in Germany. It has included the company in its group accounts, copies of which are available from its registered office: Hamburger Straße 11, 22083, Hamburg, Germany.