Regal Court Properties Limited - Accounts to registrar (filleted) - small 23.1.2

Regal Court Properties Limited - Accounts to registrar (filleted) - small 23.1.2

REGALCOURT PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 02850767 (England and Wales)















Financial Statements for the Year Ended 30th September 2022

for

Regal Court Properties Limited
Regal Court Properties Limited (Registered number: 02850767)

Contents of the Financial Statements
for the year ended 30th September 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Regal Court Properties Limited

Company Information
for the year ended 30th September 2022







DIRECTORS: H S Khambay
Mrs. S K Khambay
B S Khambay





SECRETARY: Mrs. M K Khambay





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 02850767 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE
Page 1
Regal Court Properties Limited (Registered number: 02850767)

Balance Sheet
30th September 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Stocks 178,742 178,742
Debtors 5 59,800 27,600
238,542 206,342
CREDITORS
Amounts falling due within one year 6 56,994 51,483
NET CURRENT ASSETS 181,548 154,859
TOTAL ASSETS LESS CURRENT
LIABILITIES
331,548
304,859

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 94,412 94,412
Retained earnings 237,134 210,445
SHAREHOLDERS' FUNDS 331,548 304,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 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 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 Board of Directors and authorised for issue on 26th June 2023 and were signed on its behalf by:



Mrs. S K Khambay - Director


The notes form part of these financial statements

Page 2
Regal Court Properties Limited (Registered number: 02850767)

Notes to the Financial Statements
for the year ended 30th September 2022


1. STATUTORY INFORMATION

Regal Court Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 3 continued...
Regal Court Properties Limited (Registered number: 02850767)

Notes to the Financial Statements - continued
for the year ended 30th September 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2021
and 30th September 2022 150,000
NET BOOK VALUE
At 30th September 2022 150,000
At 30th September 2021 150,000

Fair value at 30th September 2022 is represented by:
£   
Valuation in 2017 150,000

If the investment property had not been revalued it would have been included at the following historical cost:

2022 2021
as restated
£    £   
Cost 55,588 55,588

The investment property was valued on an open market basis on 30th September 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Other debtors 59,800 27,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Bank loans and overdrafts 4,563 5,674
Taxation and social security 52,431 45,809
56,994 51,483

7. RESERVES
Revaluation
reserve
£   
At 1st October 2021
and 30th September 2022 94,412

Page 4