REGENERATION (UK) LIMITED

REGENERATION (UK) LIMITED

REGENERATION (UK) LIMITED - Company Information

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REGENERATION (UK) LIMITED

Company Registration Number:
07490560 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

REGENERATION (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

REGENERATION (UK) LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Investments: 3 6 6
Total fixed assets: 6 6
Current assets
Debtors: 4 2,903,028 1,657,673
Cash at bank and in hand: 29,134 10,884
Total current assets: 2,932,162 1,668,557
Creditors: amounts falling due within one year: 5 (5,165,797) (3,180,099)
Net current assets (liabilities): (2,233,635) (1,511,542)
Total assets less current liabilities: (2,233,629) (1,511,536)
Creditors: amounts falling due after more than one year: 6 (970,759)
Total net assets (liabilities): (3,204,388) (1,511,536)
Capital and reserves
Called up share capital: 3 3
Profit and loss account: (3,204,391) (1,511,539)
Shareholders funds: (3,204,388) (1,511,536)

The notes form part of these financial statements

REGENERATION (UK) LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 December 2019
and signed on behalf of the board by:

Name: J H Blain
Status: Director

The notes form part of these financial statements

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received r receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services.Turnover from the sale of goods is recognised when the significant risksand rewards of ownership of the goods have transferred to the buyer. Turnover from the renderingof services is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs.

Other accounting policies

Going ConcernAt the balance sheet date the company had incurred net losses of £3,204,391. The directorbelieves it is appropriate for the accounts to be prepared on a going concern basis on the groundsthat the company's existing sources of funding which include loans from the directo and relatedcompany will remain in place for the foreseeable future.

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 1 1

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Fixed investments

Investments Investments in subsidiary undertakings £ CostAt 1 April 2018 6At 31 March 2019 6

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due within one year note

2019 2018Trade creditors 47,738 47,738Amounts owed to group undertakings and undertakings in which the company has a participating interest - 581,810Other creditors 5,118,059 2,550,551Total 5,165,797 3,180,099

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Creditors: amounts falling due after more than one year note

2019 2018Other creditors 970,759 -