Regency Club (UK) Limited - Accounts to registrar (filleted) - small 18.2

Regency Club (UK) Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02509762 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2020

for

Regency Club (UK) Limited

Regency Club (UK) Limited (Registered number: 02509762)






Contents of the Financial Statements
for the Year Ended 30 November 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regency Club (UK) Limited

Company Information
for the Year Ended 30 November 2020







DIRECTOR: Navin Chandra Sharma





REGISTERED OFFICE: The Regency Club
18-21 Queensbury Station Parade
Queensbury
Middlesex
HA8 5NR





REGISTERED NUMBER: 02509762 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Regency Club (UK) Limited (Registered number: 02509762)

Balance Sheet
30 November 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 220,239 329,549

CURRENT ASSETS
Stocks 7,250 8,700
Debtors 6 85,496 43,600
Cash at bank and in hand 1,406,063 1,330,686
1,498,809 1,382,986
CREDITORS
Amounts falling due within one year 7 105,884 190,724
NET CURRENT ASSETS 1,392,925 1,192,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,164

1,521,811

CAPITAL AND RESERVES
Called up share capital 800 800
Capital redemption reserve 200 200
Retained earnings 1,612,164 1,520,811
1,613,164 1,521,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Regency Club (UK) Limited (Registered number: 02509762)

Balance Sheet - continued
30 November 2020


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 director and authorised for issue on 27 August 2021 and were signed by:





Navin Chandra Sharma - Director


Regency Club (UK) Limited (Registered number: 02509762)

Notes to the Financial Statements
for the Year Ended 30 November 2020

1. STATUTORY INFORMATION

Regency Club (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
The turnover shown in the profit and loss account represents amounts receivable in respect of the provision of bar services and meals during the year, exclusive of Value Added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of lease
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


Regency Club (UK) Limited (Registered number: 02509762)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Income Statement.

Current 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2019 - 35 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2019 254,445 1,274,421 7,990 1,536,856
Additions - 23,978 - 23,978
At 30 November 2020 254,445 1,298,399 7,990 1,560,834
DEPRECIATION
At 1 December 2019 157,689 1,043,624 5,994 1,207,307
Charge for year 12,094 119,198 1,996 133,288
At 30 November 2020 169,783 1,162,822 7,990 1,340,595
NET BOOK VALUE
At 30 November 2020 84,662 135,577 - 220,239
At 30 November 2019 96,756 230,797 1,996 329,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 85,496 43,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 3,796 4,901
Taxation and social security 59,164 159,986
Other creditors 42,924 25,837
105,884 190,724

Regency Club (UK) Limited (Registered number: 02509762)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020

8. RELATED PARTY DISCLOSURES

The company has paid a total dividend of £NIL in this financial year (2019:£80,000), out of which the company director Navin Chandra Sharma who is also a shareholder of the company was paid £NIL (2019: £25,000).

No other transactions with related parties were undertaken such as required to be disclosed under FRS 102.