RHEON LABS LTD

• ⚠

  Material uncertainty over going concern

  Notwithstanding the confidence of the Directors, the ability of the Group to secure additional funding represents a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business. These financial statements do not contain any adjustment that would arise if the financial statements were not drawn up on a going concern basis.

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

• Turnover

  —

  Not reported

• Cash

  +15.9%

  £2,079,368 → £2,409,316

• Net assets

  -65%

  £3,056,006 → £1,068,150

• Employees

  -3.3%

  30 → 29

• Profit before tax

  +29%

  -£3,188,280 → -£2,264,401

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

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.

1. RHEON LABS LTD 2018-07-26 → present
2. DAN PLANT ENGINEERING LTD 2017-06-21 → 2018-07-26

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Notwithstanding the confidence of the Directors, the ability of the Group to secure additional funding represents a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business. These financial statements do not contain any adjustment that would arise if the financial statements were not drawn up on a going concern basis.”

Group structure

1. RHEON LABS LTD · parent
   1. Rheon Labs Inc 100% · USA
   2. Rheon Labs Shenzhen Trading Co. Ltd 100% · China

Significant events

• “During 2024, the Group's shareholders were informed of an intention to seek further investment and an allotment of new shares to facilitate the ongoing trade and growth of the business up to the point of the business being self-sufficient.”
• “During the 6 months from July 2024, the first element of this investment was secured via an Advance Subscription Agreement (ASA) which converted into equity during Q1 2025.”
• “The business now plans to complete the balance of its original target investment during Q3 2025.”
• “During the year, a total of 1,000 ordinary shares were issued with nominal value of £0.0001 each, with a total increase in the nominal value of the ordinary £0.0001 shares of 10p. The total consideration received by the company for these shares was £2,500 with an average issue price of £2.50, including any share premium on issue.”

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

Filings

10

last 12 months

Capital events

8

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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