Abbreviated Company Accounts - RENASCENT LIMITED

Registered Number 05608175

RENASCENT LIMITED

Abbreviated Accounts

31 December 2013

RENASCENT LIMITED Registered Number 05608175

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Investments	2	929,343	830,499
		929,343	830,499
Current assets
Debtors		91,506	44,764
		91,506	44,764
Creditors: amounts falling due within one year		(387,740)	(252,462)
Net current assets (liabilities)		(296,234)	(207,698)
Total assets less current liabilities		633,109	622,801
Accruals and deferred income		(99,062)	-
Total net assets (liabilities)		534,047	622,801
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		642,647	738,803
Profit and loss account		(109,600)	(117,002)
Shareholders' funds		534,047	622,801

For the year ending 31 December 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 June 2014

And signed on their behalf by:
MR S J BARRETT, Director
MR A P FOX, Director

RENASCENT LIMITED Registered Number 05608175

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The investments in participating interests are accounted for using the equity method.

The company's interest in the net assets of participating interest is included in the investments in participating interest.

Gains and losses on re-measurement are taken to the investment revaluation reserve.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

2Fixed assets Investments
Interest in joint venture

COST OR VALUATION
At 1 January 2013 - £830,499
Additions - £195,000
Revaluations - £(96,156)
At 31 December 2013 - £929,343

NET BOOK VALUE
At 31 December 2013 - £929,343
At 31 December 2012 - £830,499

The company owns share capital of the companies registered in England and Wales listed below:

66.67% ordinary shareholding in Futureform Europe Limited. 50% ordinary A shareholding in Futureform Europe Limited. The company also owns £195,000 of redeemable preference shares in Futureform Europe Limited. 50% shareholding in South Chase Newhall Limited an SPV which is in administration.