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Registered number: 14284271
Rengen Andalusia Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL
Rengen Andalusia Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
Rengen Andalusia Limited
Accountants' Report
For The Year Ended 30 November 2024
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Rengen Andalusia Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rengen Andalusia Limited for the year ended 30 November 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Rengen Andalusia Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Rengen Andalusia Limited and state those matters that we have agreed to state to the directors of Rengen Andalusia Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rengen Andalusia Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Rengen Andalusia Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rengen Andalusia Limited . You consider that Rengen Andalusia Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Rengen Andalusia Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

5 January 2026

PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL
Page 1
Page 2
Rengen Andalusia Limited
Balance Sheet
As At 30 November 2024
Balance Sheet
Registered number: 14284271

| 30 November 2024 | 30 November 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 12,930,262 |  | 7,160,109
|  |  | 12,930,262 |  | 7,160,109
CURRENT ASSETS
Debtors | 5 | 44,950 |  | 1,730,022 |
Cash at bank and in hand |  | 11,776 |  | - |
|  | 56,726 |  | 1,730,022 |
Creditors: Amounts Falling Due Within One Year | 6 | (485,238 ) |  | (99,758 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (428,512 ) |  | 1,630,264
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 12,501,750 |  | 8,790,373
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (12,501,671 ) |  | (8,791,286 )
NET ASSETS/(LIABILITIES) |  |  | 79 |  | (913 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | (21 ) |  | (1,013 )
SHAREHOLDERS' FUNDS |  |  | 79 |  | (913)

Page 2
Page 3
Rengen Andalusia Limited
Balance Sheet (continued)
As At 30 November 2024
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
5 January 2026

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Rengen Andalusia Limited
Notes to the Financial Statements
For The Year Ended 30 November 2024
Notes to the Financial Statements
1. General Information
Rengen Andalusia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14284271 . The registered office is 4 Argyle Street, Bath, BA2 4BA.
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 rendering of services and rental income.
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. 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.
2.4. 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.
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.
Page 4
Page 5
Rengen Andalusia Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property

| 30 November 2024
--- | ---
| £
Fair Value
As at 1 December 2023 | 7,160,109
Additions | 5,770,153
As at 30 November 2024 | 12,930,262

5. Debtors

| 30 November 2024 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 45 |  | 1,593,511
Other debtors | 44,905 |  | 136,511
| 44,950 |  | 1,730,022

6. Creditors: Amounts Falling Due Within One Year

| 30 November 2024 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 180,203 |  | 98,758
Amounts owed to group undertakings | 256,758 |  | -
Other creditors | 48,277 |  | 1,000
| 485,238 |  | 99,758

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

| 30 November 2024 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 11,770,489 |  | 7,324,784
Other loans | 731,182 |  | 1,466,502
| 12,501,671 |  | 8,791,286

Page 5
Page 6
Rengen Andalusia Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2024
8. Secured Creditors
The bank loan is secured by a fixed and floating charge over the property and the assets of the company.
A director of the company has also provided a guarantee of up to 5% of the bank loan outstanding and the holding company has provided a guarantee of up to 10% of the bank loan outstanding

| 30 November 2024 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 11,770,489 |  | 7,324,784

9. Share Capital

| 30 November 2024 |  | 30 November 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Related Party Transactions
Included in creditors is an amount of £256,758 owed to Siena Group Limited, (2023 : debtors £1,593,511).
Included in creditors, amounts due after more than 1 year, is an amount of £731,182 owed to Altus Nominees Limited, a shareholder of the company (2023: £1,466,502)
11. Controlling Party
The company's controlling party is Siena Group Limited by virtue of it's shareholding in the company.
Page 6