Renaissance Property Restorations Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Renaissance Property Restorations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02058881 . The registered office is Cound Hall Estate Office, Cound, Shropshire, SY5 6AH.

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:

Plant & Machinery	20% on cost
Motor Vehicles	33% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Renaissance Property Restorations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	30,070	64,653	94,723

As at 31 March 2025	30,070	64,653	94,723

Depreciation
As at 1 April 2024	30,070	57,849	87,919
Provided during the period	-	3,191	3,191

As at 31 March 2025	30,070	61,040	91,110

Net Book Value
As at 31 March 2025	-	3,613	3,613

As at 1 April 2024	-	6,804	6,804

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	8,200,000
Disposals	(2,200,000 )
Fair value adjustments	(1,900,000 )

As at 31 March 2025	4,100,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,946,308	2,670,516

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Renaissance Property Restorations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	-
Additions	1,753

As at 31 March 2025	1,753

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,753

As at 1 April 2024	-

7. Stocks

	2025	2024
	£	£
Stock	346,987	346,987

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,614	13,932
Other debtors	-	1,753
Corporation tax recoverable assets	-	10,953
Amounts owed by group undertakings	762,056	1,087,905

	775,670	1,114,543

Although technically repayable on demand, the 'Amounts owed by group undertakings' are unlikely to

be fully received within the next twelve months.

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,762	3,381
Accruals and deferred income	3,302	20,313

	8,064	23,694

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,806,350	3,406,350

The above loans technically fall due for payment within one year. However the director has indicated

that that they will be rolled over for a further 3 years and so have been treated as falling due after more

than one year

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Renaissance Property Restorations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Secured Creditors

Of the creditors the following amounts are secured by a mortgage debenture giving a fixed and floating charge over all assets

current and future in favour of Svenska Handelsbanken AB dated 4th May 2012

	2025		2024
	£		£
Bank loans and overdrafts	2,806,350		3,406,350

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	1,266,000	1,266,000
Reversals	(813,874 )	(813,874)

Balance at 31 March 2025	452,126	452,126

13. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

14. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	4,567,484	407,761
Loss for year	-	(150,264)

Deficit on revaluation	(1,900,000)	-

Other comprehensive income for the year	(1,900,000 )	-

Total comprehensive income for the year	(1,900,000)	(150,264 )

Transfer from revaluation reserve	-	513,792
Transfer to/from Profit & Loss Account	(513,792 )	-

As at 31 March 2025	2,153,692	771,289

15. Related Party Transactions

As a wholly owned subsidiary the company has taken advantage of the exemption not to disclose intra

group transactions.

At the balance sheet date

The company was owed £650,205 (2024: £699,444) by fellow subsidiary, Renaissance Homes

Limited.

The company was owed £111,860 (2024: £388,461) by fellow subsidiary, Renaissance Investments

Limited.

The company was owed £1,753 (2024:£1,753) by a fellow subsidiary De Beauvoir Management Ltd.

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Renaissance Property Restorations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

16. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Renaissance Holdings Limited . Renaissance Holdings Limited was incorporated in (Please enter country of incorporation). Copies of the group accounts may be obtained from the secretary, . The ultimate controlling party is David Waller who controls 100% of the shares of Renaissance Property Restorations Limited .

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,613		6,804
Investment Properties	5		4,100,000		8,200,000
Investments	6		1,753		-

			4,105,366		8,206,804
CURRENT ASSETS
Stocks	7	346,987		346,987
Debtors	8	775,670		1,114,543
Cash at bank and in hand		963,500		2,957

		2,086,157		1,464,487
Creditors: Amounts Falling Due Within One Year	9	(8,064 )		(23,694 )

NET CURRENT ASSETS (LIABILITIES)			2,078,093		1,440,793

TOTAL ASSETS LESS CURRENT LIABILITIES			6,183,459		9,647,597

Creditors: Amounts Falling Due After More Than One Year	10		(2,806,350 )		(3,406,350 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(452,126 )		(1,266,000 )

NET ASSETS			2,924,983		4,975,247

CAPITAL AND RESERVES
Called up share capital	13		2		2
Revaluation reserve	14		2,153,692		4,567,484
Profit and Loss Account			771,289		407,761

SHAREHOLDERS' FUNDS			2,924,983		4,975,247