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Registered number: 05055639
REGENT COURT PROPERTIES (DERBY) LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
For the Year Ended 29 February 2020
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REGENT COURT PROPERTIES (DERBY) LIMITED
05055639
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STATEMENT OF FINANCIAL POSITION
As at 29 February 2020
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Debtors: amounts falling due within one year
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Creditors: Amounts Falling Due Within One Year
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Page 1
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REGENT COURT PROPERTIES (DERBY) LIMITED
05055639
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 29 February 2020
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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REGENT COURT PROPERTIES (DERBY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2020
Regent Court Properties (Derby) Limited, (05055639), is a private company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 3
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REGENT COURT PROPERTIES (DERBY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2020
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Page 4
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REGENT COURT PROPERTIES (DERBY) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2020
During the period under review, the company was controlled jointly by C J Bachmanis and J S Sutherland.
Page 5
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