Corvette Rengen Armourers Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14699832

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		9,889,290		-

			9,889,290		-
CURRENT ASSETS
Debtors	5	207,176		1
Cash at bank and in hand		232,482		107,835

		439,658		107,836
Creditors: Amounts Falling Due Within One Year	6	(417,812 )		(110,248 )

NET CURRENT ASSETS (LIABILITIES)			21,846		(2,412 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,911,136		(2,412 )

Creditors: Amounts Falling Due After More Than One Year	7		(9,886,798 )		-

NET ASSETS/(LIABILITIES)			24,338		(2,412 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			24,337		(2,413 )

SHAREHOLDERS' FUNDS			24,338		(2,412)

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Corvette Rengen Armourers Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R I Lewis

Director

24 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Corvette Rengen Armourers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14699832 . The registered office is 4 Argyle Street, Bath, BA2 4BA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Corvette Rengen Armourers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	31 March 2025
	£
Fair Value
As at 1 April 2024	-
Additions	9,889,290

As at 31 March 2025	9,889,290

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Amounts owed by group undertakings	1	1
Other debtors	207,175	-

	207,176	1

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	404,868	-
Amounts owed to group undertakings	5,220	109,498
Other creditors	1,500	750
Taxation and social security	6,224	-

	417,812	110,248

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Corvette Rengen Armourers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	8,037,688	-
Amounts owed to group undertakings	1,849,110	-

	9,886,798	-

8. Secured Creditors

Of the creditors the following amounts are secured.

The bank loans are secured by a fixed and floating charge over the assets of the company.

	31 March 2025		31 March 2024
	£		£
Bank loans and overdrafts	8,037,688		-

9. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

The company is a subsidiary of Corvette Rengen Armourers Holdings Limited . At the year end included in debtors is an amount of £1 owed by Corvette Rengen Armourers Holdings Limited.

Included in creditors is a balance of £11,868 owed to Franove Holdings Limited.

Included in creditors is a balance of £5,220 owed to Corvette Rengen Holdings Limited.

R I Lewis is also a director of Iesis Urban Spaces Limited. Included in creditors is a balance of £238,079 owed to Iesis Urban Spaces Limited

Included in creditors amounts due after one year, is a balance of £1,849,110 owed to Corvette Rengen Holdings Limited.

11. Ultimate Controlling Party

The company is owned by Corvette Rengen Armourers Limited, which in turn is owned jointly by Siena Group Limited and Franove Holdings Limited. R I Lewis, a director of the company, is the sole shareholder of Siena Group Lmiited.

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