Rengen Henry Street Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13455257 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 JUNE 2021 TO 30 NOVEMBER 2022

FOR

RENGEN HENRY STREET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

R I Lewis

A A Whittome

REGISTERED OFFICE:

92 Redcliff Street

Bristol

BS1 6LU

REGISTERED NUMBER:

13455257 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Tangible assets

4

18,157

Investment property

5

3,741,907

3,760,064

CURRENT ASSETS

Debtors

6

308,420

Cash at bank

4,115

312,535

CREDITORS

Amounts falling due within one year

7

392,609

NET CURRENT LIABILITIES

(80,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,679,990

CREDITORS

Amounts falling due after more than one year

8

3,253,370

NET ASSETS

426,620

CAPITAL AND RESERVES

Called up share capital

100

Capital redemption reserve

477,650

Retained earnings

(51,130

)

426,620

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 7 July 2023 and were signed on its behalf by:

R I Lewis - Director

1.	STATUTORY INFORMATION

Rengen Henry Street 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

18,157

At 30 November 2022

18,157

NET BOOK VALUE

At 30 November 2022

18,157

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

3,741,907

At 30 November 2022

3,741,907

NET BOOK VALUE

At 30 November 2022

3,741,907

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

55,666

Other debtors

113,110

VAT

139,644

308,420

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

211,427

Amounts owed to group undertakings

48,794

Amounts owed to associates

60,727

Accrued expenses

71,661

392,609

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yrs non-inst

2,431,000

Other loans - 1-2 years

822,370

3,253,370

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,431,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

2,431,000

Other loans

822,370

3,253,370

The bank loan is secured by a first charge over the property and assets of the company.

10.	RELATED PARTY DISCLOSURES

At the year end included in debtors is an amount of £55,566 owed by Rengen Henry Street Lettings Limited, a subsidiary of the company.

At the year end included in creditors is an amount of £48,794 due to Siena Group Limited, a shareholder of Renstep Limited, the immediate holding company.

At the end of the year included in creditors, is an amount of £60,727 due to Iesis Urban Spaces Limited, an associated company.

11.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Renstep Limited which is jointly owned by Siena Group Limited, of which R I Lewis is a director and Stepper Point Limited, of which A A Whittome is a director.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rengen Henry Street Limited for the period ended 30 November 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rengen Henry Street Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rengen Henry Street Limited and state those matters that we have agreed to state to the Board of Directors of Rengen Henry Street Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rengen Henry Street Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rengen Henry Street Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rengen Henry Street Limited. You consider that Rengen Henry Street Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Rengen Henry Street 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 statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

7 July 2023