RENAISSANCE ASSETS LIMITED

• ⚠

  Material uncertainty over going concern

  In assessing the company's going concern position, the directors have identified that the company is reliant on the continued support of its intermediate parent, Pegasus Homes Holdings Limited (formerly Lifestory Holdings Limited) ("Pegasus Homes") to enable it to meet its obligations as they fall due. The company has received a written commitment from Pegasus Homes that it will provide it with the necessary financial support to enable it to meet its obligations as they fall due for a period of no less than 12 months from the date of approval of these financial statements. However, until they are executed, they create a material uncertainty that may cast significant doubt on the group and company's ability to continue as a going concern for the foreseeable future which in turn may result in the group and company being unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In assessing the company's going concern position, the directors have identified that the company is reliant on the continued support of its intermediate parent, Pegasus Homes Holdings Limited (formerly Lifestory Holdings Limited) ("Pegasus Homes") to enable it to meet its obligations as they fall due. The company has received a written commitment from Pegasus Homes that it will provide it with the necessary financial support to enable it to meet its obligations as they fall due for a period of no less than 12 months from the date of approval of these financial statements. However, until they are executed, they create a material uncertainty that may cast significant doubt on the group and company's ability to continue as a going concern for the foreseeable future which in turn may result in the group and company being unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “In June 2025, the business completed the sale of one home for £0.4m to Pegasus Homes Lettings Limited, a related party under common ownership. On a group basis, this was at a value 5-10% lower than the group carrying value, but no impairment was indicated.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -51.9%

  £15,487,000 → £7,444,000

• Cash

  -99.4%

  £167,000 → £1,000

• Net assets

  +3.3%

  £45,298,000 → £46,773,000

• Employees

  —

  Not reported

• Operating profit

  -23.6%

  £1,931,000 → £1,475,000

• Profit before tax

  -23.6%

  £1,930,000 → £1,475,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers