Rengen (Paintworks) Limited

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

Registered number: 11694072

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		2		2

			2		2
CURRENT ASSETS
Stocks	5	34,908,273		31,491,357
Debtors	6	1,519,031		1,357,527
Cash at bank and in hand		9,407		1,227

		36,436,711		32,850,111
Creditors: Amounts Falling Due Within One Year	7	(35,410,123 )		(31,515,909 )

NET CURRENT ASSETS (LIABILITIES)			1,026,588		1,334,202

TOTAL ASSETS LESS CURRENT LIABILITIES			1,026,590		1,334,204

Creditors: Amounts Falling Due After More Than One Year	8		(1,350,000 )		(1,350,000 )

NET LIABILITIES			(323,410 )		(15,796 )

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			(323,610 )		(15,996 )

SHAREHOLDERS' FUNDS			(323,410)		(15,796)

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Rengen (Paintworks) Limited

Balance Sheet (continued)

As At 29 July 2025

For the year ending 29 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Robert Lewis

Director

24/08/2026

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

1. General Information

Rengen (Paintworks) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11694072 . The registered office is 4 Argyle Street, Bath, England, 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.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

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: 1 (2024: 1)

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Rengen (Paintworks) Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 July 2025

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 August 2024	2

As at 29 July 2025	2

Provision
As at 1 August 2024	-

As at 29 July 2025	-

Net Book Value
As at 29 July 2025	2

As at 1 August 2024	2

5. Stocks

	2025	2024
	£	£
Stock	34,908,273	31,491,357

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	61,088	-
Prepayments and accrued income	40,112	12,804
Other debtors	1,307,834	1,310,571
Deferred tax current asset	107,652	5,339
VAT	2,345	-
Amounts owed by group undertakings	-	28,813

	1,519,031	1,357,527

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	228,456	400,585
Bank loans and overdrafts	23,501,416	20,693,676
VAT	-	57,426
Other creditors	6,760,981	5,854,045
Accruals and deferred income	54,396	4,000
Amounts owed to other participating interests	4,864,874	4,506,177

	35,410,123	31,515,909

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Rengen (Paintworks) Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 July 2025

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

	2025	2024
	£	£
Amounts owed to associates	1,350,000	1,350,000

9. Secured Creditors

The following secured debts are included within creditors:

	2025	2024
	£	£
Bank loans	23,501,415	19,532,910
Other loans	6,760,981	4,799,391
	30,262,396	24.332,301

The loans are secured by fixed and floating charges over the propertyy and assets of the company. One of the shareholders, Iesis Ltd, has guaranteed the loans.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

11. Related Party Transactions

At the year end, the company owed £4,864,874 (2024- £4,506,175) to companies holding participating interests. This loan was repayable on demand and no interest was charged in the year.

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