Company Registration No. 13861548 (England and Wales)
RENENET ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
RENENET ESTATES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
RENENET ESTATES LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr A Webb
Company number
13861548
Registered office
63-66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
RENENET ESTATES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
242,168
483,571
Current assets
Stocks
55,489
62,341
Debtors
4
997,600
1,190,026
Cash at bank and in hand
4,830
37,253
1,057,919
1,289,620
Creditors: amounts falling due within one year
5
(6,634,003)
(6,925,719)
Net current liabilities
(5,576,084)
(5,636,099)
Total assets less current liabilities
(5,333,916)
(5,152,528)
Creditors: amounts falling due after more than one year
6
(432,102)
-
0
Net liabilities
(5,766,018)
(5,152,528)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(5,766,019)
(5,152,529)
Total equity
(5,766,018)
(5,152,528)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RENENET ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 2 December 2025
Mr A Webb
Director
Company registration number 13861548 (England and Wales)
RENENET ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

Renenet Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 63-66 Hatton Garden, Fifth Floor, Suite 23, London, EC1N 8LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has the full support from the director-shareholder regarding funding. The director has a reasonable expectation that these facilities will continue to be available to the company.true

Therefore, a t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

RENENET ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RENENET ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
6
RENENET ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2024
158,087
462,015
620,102
Additions
-
0
31,744
31,744
Disposals
-
0
(332,972)
(332,972)
At 31 January 2025
158,087
160,787
318,874
Depreciation and impairment
At 1 February 2024
-
0
136,531
136,531
Depreciation charged in the year
-
0
47,343
47,343
Eliminated in respect of disposals
-
0
(107,168)
(107,168)
At 31 January 2025
-
0
76,706
76,706
Carrying amount
At 31 January 2025
158,087
84,081
242,168
At 31 January 2024
158,087
325,484
483,571
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
997,600
1,087,258
Prepayments and accrued income
-
0
102,768
997,600
1,190,026
RENENET ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
53,084
-
0
Trade creditors
23,049
42,450
Taxation and social security
4,112
2,672
Other creditors
6,553,758
6,875,509
Accruals and deferred income
-
0
5,088
6,634,003
6,925,719

The other borrowings are secured by fixed and floating charges that covers all the property or undertakings of the company.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other borrowings
432,102
-
0

The other borrowings are secured by fixed and floating charges that covers all the property or undertakings of the company.

7
Related party transactions

Renenet Properties Limited- Company with common director and shareholder

At the balance sheet date, the amount owed to Renenet Properties Limited was £59,771 (202 4 - £59,771). This loan is interest free and repayable on demand.

Deep Fried Capital Limited- Company with a common shareholder

At the balance sheet date, the amount owed to Deep Fried Capital Limited was £65,236 (202 4 - £64,786). This loan is interest free and repayable on demand.

8
Directors' transactions

At the balance sheet date,the company owed the director £6,428,750 (202 4 - £6,750,429). The loan is interest free and repayable on demand.

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