Renaissance Group Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04812859 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

RENAISSANCE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R Burton

D N Wilkinson

Mrs E Harrison

SECRETARY:

Mrs E Harrison

REGISTERED OFFICE:

28 Kirkgate

Silsden

Keighley

BD20 0AL

REGISTERED NUMBER:

04812859 (England and Wales)

ACCOUNTANTS:

Mills & Black

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

FIXED ASSETS

Tangible assets

4

1,071,264

1,071,264

CURRENT ASSETS

Debtors

5

60,253

114,822

Cash at bank

28,370

13,609

88,623

128,431

CREDITORS

Amounts falling due within one year

6

100,450

135,204

NET CURRENT LIABILITIES

(11,827

)

(6,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,437

1,064,491

PROVISIONS FOR LIABILITIES

207,400

207,400

NET ASSETS

852,037

857,091

CAPITAL AND RESERVES

Called up share capital

4

4

Revaluation reserve

7

829,600

829,600

Retained earnings

22,433

27,487

852,037

857,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2023 and were signed on its behalf by:

W R Burton - Director

1.	STATUTORY INFORMATION

Renaissance Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its useful estimated life:

Freehold land - not provided

Freehold buildings - 2% on cost

Plant and machinery etc - 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 July 2021

and 30 June 2022

1,071,264

NET BOOK VALUE

At 30 June 2022

1,071,264

At 30 June 2021

1,071,264

Cost or valuation at 30 June 2022 is represented by:

Land and

buildings

£

Valuation in 2012

1,071,264

If land and buildings had not been revalued they would have been included at the following historical cost:

30.6.22

30.6.21

£

£

Cost

34,264

34,264

Land and buildings were valued on a stamp duty basis on 30 June 2012 by D N Wilkinson .

The valuation was based on the stamp duty value arising from the leases granted.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

50,365

91,710

Other debtors

6,988

22,000

Prepayments

2,900

1,112

60,253

114,822

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

95,505

117,107

Corporation tax

260

11,722

Social security and other taxes

1,356

3,361

Other creditors

104

669

Directors' current accounts

1,675

1,675

Accrued expenses

1,550

670

100,450

135,204

7.

RESERVES

Revaluation

reserve

£

At 1 July 2021

and 30 June 2022

829,600