Corvette Rengen Redcliff Limited

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

Registered number: 14512067

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		7,794,335		7,360,507

			7,794,335		7,360,507
CURRENT ASSETS
Debtors	5	1,175,832		139,008
Cash at bank and in hand		17,734		1,135

		1,193,566		140,143
Creditors: Amounts Falling Due Within One Year	6	(820,744 )		(7,042,984 )

NET CURRENT ASSETS (LIABILITIES)			372,822		(6,902,841 )

TOTAL ASSETS LESS CURRENT LIABILITIES			8,167,157		457,666

Creditors: Amounts Falling Due After More Than One Year	7		(9,137,391 )		(770,003 )

NET LIABILITIES			(970,234 )		(312,337 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(970,235 )		(312,338 )

SHAREHOLDERS' FUNDS			(970,234)		(312,337)

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Corvette Rengen Redcliff Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

R I Lewis

Director

1 June 2026

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

1. General Information

Corvette Rengen Redcliff Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14512067 . 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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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.

3. Average Number of Employees

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

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	7,360,507
Additions	433,828

As at 31 March 2025	7,794,335

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Corvette Rengen Redcliff Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	1	3,687
Amounts owed by participating interests	-	125,120
Other debtors	147,724	10,201

	147,725	139,008
Due after more than one year
Other debtors	1,028,107	-

	1,175,832	139,008

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,975	19,297
Bank loans and overdrafts	-	6,764,462
Amounts owed to group undertakings	565,791	203,692
Amounts owed to participating interests	94,805	-
Other creditors	156,173	53,494
Taxation and social security	-	2,039

	820,744	7,042,984

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

	2025	2024
	£	£
Bank loans	8,458,943	-
Amounts owed to group undertakings	678,448	770,003

	9,137,391	770,003

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Corvette Rengen Redcliff Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

The bank loan is secured by a fixed and floating charge over the assets of the property.

The company is a member of the Corvette Rengen Holdings Limited group of companies. There are cross guarantees in place with the other members of the group providing security for the bank borrowings of the respective members of the group. Similarly the the other members of the group have provided security for the bank loans of Corvette Rengen Redcliff Limited.

The amount inclued under 'Other creditors' is secured by a fixed charge over the investment property.

	2025	2024
	£	£
Bank loans and overdrafts	7,430,836	6,764,462
Other Creditors	678,448	770,003

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Corvette Rengen Redcliff Limited is a subsidiary of Corvette Rengen Holdings Limited. Included in debtors at the year end is a balance of £1 owed by Corvette Rengen Holdings Limited (2024: £770,003 creditor)

At the year end included in creditors, is a balance owed to Siena Group Limited of £162,061 (2024: £3,687 debtor), a company of which R I Lewis is also a director.

Also included in creditors is a balance of £228,687 owed to Corvette Rengen Hanover Limited ( 2024 : £0) and Corvette Rengen Whiteladies Limited of £175,042 ( 2024: £175,042) which are subsidiaries of Corvette Rengen Holdings Limited.

R I Lewis is also a director of Iesis Urban Spaces Limited and Iesis Lettings and Managment Limited. At the year end Iesis Urban Spaces Limited owed the company £68,100 (2024 : £nil), and Iesis Lettings and Management Limited owed the company £26,705 (2024: £28,650)

11. Ultimate Controlling Party

The company is owned by Corvette Rengen Holdings Limited, which in turn is owned jointly by Siena Group Limited and Franove Holdings Limited. R I Lewis, a director of the company is a shareholder of Siena Group Limited.

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