| Renchild Holdings Limited |
Registered number |
| Balance Sheet |
10478980 |
| as at 30 November 2021 |
|
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Investment properties |
3 |
|
|
1,916,018 |
|
|
1,865,218 |
| Investments |
4 |
|
|
55 |
|
|
- |
|
|
|
|
1,916,073 |
|
|
1,865,218 |
|
| Current assets |
| Debtors |
5 |
|
416,333 |
|
|
176,085 |
| Cash at bank and in hand |
|
|
52,864 |
|
|
101,645 |
|
|
|
469,197 |
|
|
277,730 |
|
| Creditors: amounts falling due within one year |
6 |
|
(2,290,440) |
|
|
(2,078,146) |
|
| Net current liabilities |
|
|
|
(1,821,243) |
|
|
(1,800,416) |
|
| Net assets |
|
|
|
94,830 |
|
|
64,802 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
94,730 |
|
|
64,702 |
|
| Shareholders' funds |
|
|
|
94,830 |
|
|
64,802 |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Gilbert |
| Director |
| Approved by the board on 25 November 2022 |
|
| Renchild Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 November 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Group accounts |
|
The company and its subsidiary company comprise a small-sized group and the company is therefore not required to prepare group accounts. Accordingly, the financial statements present information about the company as an individual undertaking rather than consolidated accounts for the group. |
|
|
Turnover |
|
Turnover represents rents receivable and miscellaneous sales. |
|
|
Grants receivable |
|
Government grants are recognised as income in the period to which the entitlement relates. |
|
|
Investment properties - freehold land and buildings |
|
Investment properties are initially valued at cost but are subject to revaluation at the balance sheet date to reflect open market value should this differ from the carrying value. Any changes in value are reflected in the profit and loss account. The company departs from the normal requirement to charge depreciation on investment properties in order to satisfy the overriding requirement for the accounts to give a true and fair view of the company's results and financial position. |
|
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of employees and company officers |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment properties |
| £ |
|
Cost/valuation |
|
At 1 December 2020 |
1,865,218 |
|
Additions |
50,800 |
|
|
At 30 November 2021 |
1,916,018 |
|
|
|
|
|
|
|
|
The company's investment properties have not been subject to any valuation adjustments in the period up to 30 November 2021 since the director considers that the carrying values adequately reflect open market values, taking all considerations into account. |
|
|
|
| 4 |
Investments |
| Investment in |
| subsidiary |
| £ |
|
Cost |
|
Additions |
55 |
|
|
At 30 November 2021 |
55 |
|
|
|
| 5 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Amounts owed by subsidiary |
|
174,945 |
|
- |
|
Other debtors |
241,388 |
|
176,085 |
|
|
|
|
|
|
416,333 |
|
176,085 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Loan (secured) |
1,205,000 |
|
1,205,000 |
|
Trade creditors |
1,173 |
|
218 |
|
Corporation tax |
|
|
|
|
8,353 |
|
1,309 |
|
Other taxes |
3,451 |
|
3,155 |
|
Other creditors |
1,072,463 |
|
868,464 |
|
|
|
|
|
|
2,290,440 |
|
2,078,146 |
|
|
|
|
|
|
|
|
|
|
The loan of £1,205,000 is secured against one of the company's investment properties. During the period covered by the accounts, interest was chargeable on this debt at the rate of 5% p.a. |
|
|
| 7 |
Controlling party |
|
|
At 30 November 2021, the company was controlled by Mrs S Gilbert, who owned the company's entire issued share capital. |
|
|
|
| 8 |
Other information |
|
|
Renchild Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 2, Ashdown Court, Lewes Road, Forest Row, East Sussex RH18 5EZ. |
