REGENTS DEVELOPMENTS LIMITED - Abbreviated accounts

REGENTS DEVELOPMENTS LTD - Company Information

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Registered number

04135723

REGENTS DEVELOPMENTS LIMITED

Abbreviated Accounts

31 January 2015

TEMPLETONS (UK) LIMITED

CHARTERED ACCOUNTANTS

309 HOE STREET

WALTHAMSTOW

LONDON E17 9BG

REGENTS DEVELOPMENTS LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of REGENTS DEVELOPMENTS LIMITED for the year ended 31 January 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of REGENTS DEVELOPMENTS LIMITED for the year ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Templetons (UK) Limited
Chartered Accountants
309 Hoe Street
Walthamstow
London
E17 9BG

7 October 2015

REGENTS DEVELOPMENTS LIMITED
Registered number:		04135723
Abbreviated Balance Sheet
as at 31 January 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1,204,035			903,891

Current assets
Debtors		450,000			452,549
Cash at bank and in hand		26,471			103,578
		476,471			556,127

Creditors: amounts falling due within one year		(154,423)			(73,183)

Net current assets			322,048			482,944

Total assets less current liabilities			1,526,083			1,386,835

Creditors: amounts falling due after more than one year			(412,520)			(308,688)



Net assets			1,113,563			1,078,147

Capital and reserves
Called up share capital	3		90			90
Revaluation reserve			574,572			574,572
Profit and loss account			538,901			503,485

Shareholders' funds			1,113,563			1,078,147

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr A C M Grant
Director
Approved by the board on 7 October 2015

REGENTS DEVELOPMENTS LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 January 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% Written down value

	Freehold Properties
	In accordance with SSAP 19 investment properties are revalued annually and any surplus or
	deficit is transferred to the revaluation reserve. No depreciation is provided is respect of
	investment properties.This treatment conflicts with the requirements of the companies Act 2006
	that all properties should be depreciated.The directors consider that because these properties
	are not held for consumption but for their investment potential,it is necessary to adopt the
	requirements of SSAP 19 in order to give a true and fair view.

	Going concern
	Notwithstanding the net current assets deficiency, the financial statements have been prepared
	on a going concern basis, as in the opinion of the directors,the company has sufficient financial
	support from its creditors and shareholders to pay its debt as they fall due.

2	Tangible fixed assets					£

	Cost
	At 1 February 2014					916,203
	Additions					300,728
	At 31 January 2015					1,216,931

	Depreciation
	At 1 February 2014					12,312
	Charge for the year					584
	At 31 January 2015					12,896

	Net book value
	At 31 January 2015					1,204,035
	At 31 January 2014					903,891


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		90		90		90