Registration number: 08876399

RenewalsDesk Limited

Contents

Company Information	1
Statement of Director's Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 10

RenewalsDesk Limited

Company Information

Director

Miguel Iglesias

Registered office

167-169 Great Portland Street Fifth Floor London United Kingdom W1W 5PF

Auditors

Manningtons Victoria House The Moor Hawkhurst Cranbrook East Sussex TN18 4NR

RenewalsDesk Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved and authorised by the director on 24 April 2026
 

......................................... Miguel Iglesias Director

RenewalsDesk Limited

(Registration number: 08876399)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,635	5,905
Investments	5	26,432,654	-
		26,437,289	5,905
Current assets
Debtors	6	376,294	454,506
Cash at bank and in hand		747,817	556,755
		1,124,111	1,011,261
Creditors: Amounts falling due within one year	7	(640,631)	(532,010)
Net current assets		483,480	479,251
Total assets less current liabilities		26,920,769	485,156
Creditors: Amounts falling due after more than one year	7	(27,093,339)	-
Net (liabilities)/assets		(172,570)	485,156
Capital and reserves
Called up share capital		50	50
Retained earnings		(172,620)	485,106
Shareholders' (deficit)/funds		(172,570)	485,156

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 April 2026
 

......................................... Miguel Iglesias Director

RenewalsDesk Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
167-169 Great Portland Street
Fifth Floor
London
W1W 5PF
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Parent company

The immediate parent company is Questel SAS and the ultimate parent company is Questel Unite SAS. Questel Unite SAS is the smallest and largest group into which these financial statements are consolidated. A copy of the consolidated financial statements can be requested from the registered office of Questel Unite SAS, 23 Rue D'Antin, 75002, Paris.

Summary of disclosure exemptions

The Company has taken advantage of the exemption in paragraph 33.1A of FRS 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.

Group accounts not prepared

The Company is exempt from the requirement to prepare consolidated financial statements by virtue of being a small group in accordance with the provisions of the Companies Act 2006.

RenewalsDesk Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Going concern

The financial statements have been prepared on a going concern basis.
The Company incurred a loss for the year ended 31 December 2025, primarily due to interest charges on intra-group loans. Excluding these financing costs, the Company’s underlying trading performance remains profitable and in line with expectations.

The Company is part of a wider group and is reliant on ongoing financial support from the Group. The Company has received a letter of support from its ultimate parent undertaking confirming that it will provide financial support for a period of at least 12 months from the date of approval of these financial statements.

The intra-group loans are not repayable on demand and are contractually repayable in December 2027. While the Directors do not expect the Company to have sufficient resources to settle these balances at that time without continued group support, they have a reasonable expectation that the arrangements will be extended or otherwise managed within the Group.

Based on the above, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing these financial statements.

Turnover

Turnover consists of fees received for services provide in relation to the renewal of patents.

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.

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.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 24 April 2026 was Megan Parr ACA, who signed for and on behalf of Manningtons.

.........................................

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

RenewalsDesk Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Asset class	Depreciation method and rate
Fixtures & Fittings	Reducing Balance 33%
Computer Equipment	Reducing Balance 33%

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Foreign currency transactions and balances

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

RenewalsDesk Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

RenewalsDesk Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	17,824	17,824
Additions	1,543	1,543
At 31 December 2025	19,367	19,367
Depreciation
At 1 January 2025	11,919	11,919
Charge for the year	2,813	2,813
At 31 December 2025	14,732	14,732
Carrying amount
At 31 December 2025	4,635	4,635
At 31 December 2024	5,905	5,905

5	Investments

	2025 £	2024 £
Investments in subsidiaries	26,432,654	-