Regal Magpie Limited 31/05/2022 iXBRL

Regal Magpie Limited 31/05/2022 iXBRL

REGAL MAGPIE LTD - Company Information

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Company registration number: 09575159
Regal Magpie Limited
Unaudited filleted financial statements
31 May 2022
Regal Magpie Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Regal Magpie Limited
Directors and other information
Directors Mr Alasdair Felton
Mrs Annabel Felton
Company number 09575159
Registered office 11 St Edmunds Apartments
Lower Baxter Street
Bury St Edmunds
Suffolk
IP33 1EF
Business address 11 St Edmunds Apartments
Lower Baxter Street
Bury St Edmunds
Suffolk
IP33 1EF
Accountant Accendo Accountants Limited
Chamberlain House
10-12 High Street
Bagshot
Surrey
GU19 5AE
Regal Magpie Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Regal Magpie Limited
Year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Regal Magpie Limited for the year ended 31 May 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Regal Magpie Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Regal Magpie Limited and state those matters that we have agreed to state to the board of directors of Regal Magpie Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Regal Magpie Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Regal Magpie Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regal Magpie Limited. You consider that Regal Magpie Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Regal Magpie Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Accendo Accountants Limited
Chartered Certified Accountants
Chamberlain House
10-12 High Street
Bagshot
Surrey
GU19 5AE
21 February 2023
Regal Magpie Limited
Statement of financial position
31 May 2022
2022 2021
£ £ £ £
Fixed assets 366,152 366,326
_______ _______
Current assets 13,897 2,441
Prepayments and accrued income - 5,364
_______ _______
13,897 7,805
Creditors: amounts falling due within one year ( 339,426) ( 345,718)
_______ _______
Net current liabilities ( 325,529) ( 337,913)
_______ _______
Total assets less current liabilities 40,623 28,413
Accruals and deferred income ( 600) ( 600)
_______ _______
Net assets 40,023 27,813
_______ _______
Capital and reserves 40,023 27,813
_______ _______
Notes to the financial statements
Regal Magpie Limited
Year ended 31 May 2022
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Alasdair Felton ( 172,859) 3,146 ( 169,713)
Mrs Annabel Felton ( 172,859) 3,146 ( 169,713)
_______ _______ _______
( 345,718) 6,292 ( 339,426)
_______ _______ _______
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Alasdair Felton ( 140,672) ( 32,187) ( 172,859)
Mrs Annabel Felton ( 140,672) ( 32,187) ( 172,859)
_______ _______ _______
( 281,344) ( 64,374) ( 345,718)
_______ _______ _______
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 February 2023 , and are signed on behalf of the board by:
Mrs Annabel Felton
Director
Company registration number: 09575159
The company is a private company limited by shares, registered in England.