Regency Asset Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10391933 (England and Wales)

REGENCY ASSET INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Reardon

Mrs H Reardon

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

10391933 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

12,129,817

11,428,888

CURRENT ASSETS

Debtors

5

267,221

220,622

Cash at bank

518,116

527,827

785,337

748,449

CREDITORS

Amounts falling due within one year

6

(1,463,284

)

(532,138

)

NET CURRENT (LIABILITIES)/ASSETS

(677,947

)

216,311

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,451,870

11,645,199

CREDITORS

Amounts falling due after more than one year

7

(5,621,061

)

(5,854,691

)

NET ASSETS

5,830,809

5,790,508

CAPITAL AND RESERVES

Called up share capital

5,593,272

Retained earnings

237,537

197,236

SHAREHOLDERS' FUNDS

5,830,809

5,790,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by:

S P Reardon - Director

Mrs H Reardon - Director

1.	STATUTORY INFORMATION

Regency Asset Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 4 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2020

11,416,603

21,840

11,438,443

Additions

1,104,000

-

1,104,000

Disposals

(400,000

)

-

(400,000

)

At 30 September 2021

12,120,603

21,840

12,142,443

DEPRECIATION

At 1 October 2020

-

9,555

Charge for year

-

3,071

At 30 September 2021

-

12,626

NET BOOK VALUE

At 30 September 2021

12,120,603

9,214

12,129,817

At 30 September 2020

11,416,603

12,285

11,428,888

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade debtors

804

26,083

Amounts owed by participating interests

167,917

181,939

Other debtors

98,500

12,600

267,221

220,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade creditors

22,916

22,286

Taxation and social security

32,441

11,989

Other creditors

1,407,927

497,863

1,463,284

532,138

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

Bank loans

5,621,061

5,854,691

8.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.

Regency Asset Investments Limited - Accounts to registrar (filleted) - small 18.2

Regency Asset Investments Limited - Accounts to registrar (filleted) - small 18.2