Company No: 10563847 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Philip Wesley Keller
	Clare Marguerite Waight-Keller (Appointed 01 October 2025)

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

10563847 (England and Wales)

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	0		7,248
Investments	4	0		1,299,101
		0		1,306,349
Current assets
Debtors	5	2,086,944		1,834,356
Cash at bank and in hand		10,398,469		983,725
		12,485,413		2,818,081
Creditors: amounts falling due within one year	6	( 855,840)		3,644,162
Net current assets		11,629,573		6,462,243
Total assets less current liabilities		11,629,573		7,768,592
Creditors: amounts falling due after more than one year		0		( 80,336)
Net assets		11,629,573		7,688,256
Capital and reserves
Called-up share capital		100		100
Profit and loss account		11,629,473		7,688,156
Total shareholders' funds		11,629,573		7,688,256

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Trenow Limited (registered number: 10563847) were approved and authorised for issue by the Board of Directors on 20 June 2026. They were signed on its behalf by:

Philip Wesley Keller Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trenow Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises consideration received or receivable for the provision of creative design services. The company recognises turnover in the period when services are performed and there is a contractual right to receive income. Turnover is shown net of VAT.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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, including subsidiaries, and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends from equity securities are recognised in income when the company becomes entitled to payment.

Dividends

Interim dividends distributed to the company's shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are paid. Final dividends distributed to the company's shareholders are recognised as a liability in the financial statements in the reporting period in which they are approved by the members.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2025	17,005		17,005
Disposals	( 17,005)		( 17,005)
At 31 March 2026	0		0
Accumulated depreciation
At 01 April 2025	9,757		9,757
Charge for the financial year	( 2,911)		( 2,911)
Disposals	( 6,846)		( 6,846)
At 31 March 2026	0		0
Net book value
At 31 March 2026	0		0
At 31 March 2025	7,248		7,248

4. Fixed asset investments

	2026		2025
	£		£
Other investments and loans	0		1,299,101

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	1,299,101		1,299,101
Disposals	( 1,299,101)		( 1,299,101)
At 31 March 2026	0		0
Carrying value at 31 March 2026	0		0
Carrying value at 31 March 2025	1,299,101		1,299,101

5. Debtors

	2026		2025
	£		£
Trade debtors	258,470		265,664
Other debtors	1,828,474		1,568,692
	2,086,944		1,834,356

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		9,680
Shareholder loans (note 7)	100,900		0
Taxation and social security	748,811		608,396
Other creditors	6,129		( 4,262,238)
	855,840		( 3,644,162)

7. Related party transactions

Other related party transactions

During the year, the company made advances of £2,100,000 to a director and paid expenses on their behalf of £220,949. The director made repayments of £6,700,000 and paid expenses of £122,639 on the companies behalf. The loan is repayable on demand and interest is charged on the overdrawn balances at 3.75% p.a. (2025: 2.25% p.a.). The company received interest payments from the director of £123,416. At the year end, the balance owed to the director was £100,900 (2025: balance owed by the director was £4,277,374).