Regency Professional Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 08804977 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 6 DECEMBER 2013 TO 31 DECEMBER 2014

FOR

REGENCY PROFESSIONAL SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S A H Zaidi

Miss V Redkina

REGISTERED OFFICE:

C/o Pureace Solutions Limited

3rd Floor

120 Moorgate

London

EC2M 6UR

REGISTERED NUMBER:

08804977 (England and Wales)

FIXED ASSETS

Intangible assets

2

5,567

Tangible assets

3

1,271

6,838

CURRENT ASSETS

Cash at bank and in hand

133,078

CREDITORS

Amounts falling due within one year

2,200

NET CURRENT ASSETS

130,878

TOTAL ASSETS LESS CURRENT
LIABILITIES

137,716

CREDITORS

Amounts falling due after more than one
year

200,000

NET LIABILITIES

(62,284

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(62,384

)

SHAREHOLDERS' FUNDS

(62,284

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 July 2015 and were signed on its behalf
by:

Miss V Redkina - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Computer equipment

-

50% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Going concern

After making enquiries the directors have a reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. For this reason, they continue to

adopt the going concern basis in preparing the accounts.

The directors consider that no additional disclosures in respect of going concern are necessary for the

accounts to give a true and fair view.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments.

An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Website development costs

Website development costs, being the amount spent in connection of developing the website of the

business, is being amortised evenly over its estimated useful life of 5 years.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

6,959

At 31 December 2014

6,959

AMORTISATION

Amortisation for period

1,392

At 31 December 2014

1,392

NET BOOK VALUE

At 31 December 2014

5,567

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,541

At 31 December 2014

2,541

DEPRECIATION

Charge for period

1,270

At 31 December 2014

1,270

NET BOOK VALUE

At 31 December 2014

1,271

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1.00

100

5.	RELATED PARTY DISCLOSURES

Miss V Redkina

Director and 50 % Shareholder

£

Amount due to related party at the balance sheet date

200,000

Regency Professional Services Limited - Limited company - abbreviated - 11.6

Regency Professional Services Limited - Limited company - abbreviated - 11.6