Rengen The Foundry Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11433788

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		8,555,264		8,183,696
Investments	5		1		-

			8,555,265		8,183,696
CURRENT ASSETS
Debtors	6	-		171,132
Cash at bank and in hand		5,148		223

		5,148		171,355
Creditors: Amounts Falling Due Within One Year	7	(8,319,353 )		(7,403,522 )

NET CURRENT ASSETS (LIABILITIES)			(8,314,205 )		(7,232,167 )

TOTAL ASSETS LESS CURRENT LIABILITIES			241,060		951,529

PROVISIONS FOR LIABILITIES
Deferred Taxation			(132,581 )		(237,609 )

NET ASSETS			108,479		713,920

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			108,379		713,820

SHAREHOLDERS' FUNDS			108,479		713,920

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Rengen The Foundry Limited

Balance Sheet (continued)

As At 29 July 2024

For the year ending 29 July 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 R I Lewis

Director

17 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Rengen The Foundry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11433788 . The registered office is 92 Redcliff Street, Bristol, BS1 6LU.

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.

2.3. Investment Properties

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.

2.4. Taxation

Taxation for the period 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.

2.5. 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 period 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Rengen The Foundry Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 July 2024

4. Investment Property

	2024
	£
Fair Value
As at 30 July 2023	8,183,696
Additions	371,568

As at 29 July 2024	8,555,264

The properrty was valued on an open market basis at the year-end by the directors of the company, based on information afforded by a recent professional valuation of similar properties. The fair value at 29 July 2024 is represented by a valuation in 2022 of £960,000 and costs of £7,595,264.

The cost of the property of £8,555,264 (2023 £8,183,696) includes capitalised finance charges of £1,220,168 (2023 £984,725).

5. Investments

	Subsidiaries
	£
Cost
As at 30 July 2023	-
Additions	1

As at 29 July 2024	1

Provision
As at 30 July 2023	-

As at 29 July 2024	-

Net Book Value
As at 29 July 2024	1

As at 30 July 2023	-

6. Debtors

	2024	2023
	£	£
Due within one year
VAT	-	1,903
Amounts owed by participating interests	-	169,229

	-	171,132

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Rengen The Foundry Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 July 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,187,979	1,098,786
Bank loans and overdrafts	6,060,246	5,954,700
VAT	4	-
Other creditors	397,397	318,951
Accrued expenses	57,596	3,150
Amounts owed to subsidiaries	1	-
Amounts owed to participating interests	616,130	27,935

	8,319,353	7,403,522

8. Secured Creditors

The following secured debts are included within creditors:

The bank loan is secured by means of a fixed legal charge over the company's property.

	2024		2023
	£		£
Bank loans and overdrafts	6,100,246		5,954,700

9. Related Party Transactions

At the year end the company was owed £nil by companies holding a participating interest (2023 - £169,229). The company also owed £616,130 to companies holding a participating interest (2023 - £27,935) and £1 to a subsidiary.

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