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 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

REGENERATION (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

REGENERATION (UK) LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Current assets
Debtors: 3 33,844,369 2,893,474
Cash at bank and in hand: 46,650 29,134
Total current assets: 33,891,019 2,922,608
Creditors: amounts falling due within one year: 4 (41,182,176) (5,156,237)
Net current assets (liabilities): (7,291,157) (2,233,629)
Total assets less current liabilities: (7,291,157) (2,233,629)
Creditors: amounts falling due after more than one year: 5 (430,306) (970,759)
Total net assets (liabilities): (7,721,463) (3,204,388)
Capital and reserves
Called up share capital: 3 3
Profit and loss account: (7,721,466) (3,204,391)
Shareholders funds: (7,721,463) (3,204,388)

The notes form part of these financial statements

REGENERATION (UK) LIMITED

Balance sheet statements

For the year ending 31 March 2020 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 16 August 2021
and signed on behalf of the board by:

Name: Jason 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 2020

1. Accounting policies

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

Other accounting policies

Going concernAt the balance sheet date the company had incurred net losses of £7,721,466. The director believes it is appropriate for the accounts to be prepared on a going concern basis on the grounds that the company's existing sources of funding which include the director and related company will remain in place for the foreseeable future.

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Debtors

2020 2019
££
Debtors due after more than one year: 28,855,456 2,893,474

Group undertakings

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2020 2019 £ £ Trade creditors 30,712 47,738 Taxation and social security costs 1,864 (9,554) Other creditors 41,149,600 5,118,053 Total 41,182,176 5,156,237

REGENERATION (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

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

Creditors: amounts falling due after one year 2020 2019 £ £ Other creditors 430,306 970,759