REGULUS ASSET MANAGEMENT (UK) LTD

REGULUS ASSET MANAGEMENT (UK) LTD

REGULUS ASSET MANAGEMENT (UK) LTD - Company Information

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REGULUS ASSET MANAGEMENT (UK) LTD

Company Registration Number:
08229319 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2022

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

REGULUS ASSET MANAGEMENT (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 October 2022

Balance sheet
Notes

REGULUS ASSET MANAGEMENT (UK) LTD

Balance sheet

As at 31 October 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 7,001,039 16,063,977
Investments: 4 24,420 12,600
Total fixed assets: 7,025,459 16,076,577
Current assets
Stocks: 182,650 178,900
Debtors:   1,676,590 1,143,045
Cash at bank and in hand: 1,558,344 942,306
Total current assets: 3,417,584 2,264,251
Creditors: amounts falling due within one year:   (6,411,384) (13,954,461)
Net current assets (liabilities): (2,993,800) (11,690,210)
Total assets less current liabilities: 4,031,659 4,386,367
Creditors: amounts falling due after more than one year:   0 (444,444)
Provision for liabilities: (278,957) (328,023)
Total net assets (liabilities): 3,752,702 3,613,900
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 3,652,702 3,513,900
Shareholders funds: 3,752,702 3,613,900

The notes form part of these financial statements

REGULUS ASSET MANAGEMENT (UK) LTD

Balance sheet statements

For the year ending 31 October 2022 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 27 July 2023
and signed on behalf of the board by:

Name: Pawandeep Singh TODD
Status: Director

The notes form part of these financial statements

REGULUS ASSET MANAGEMENT (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Valuation and information policy

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 stocks to their present location and condition.

Other accounting policies

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% straight line Motor vehicles - Written down to a directors' estimate or agreed residual value (if known) over the holding periodIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

REGULUS ASSET MANAGEMENT (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

REGULUS ASSET MANAGEMENT (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible Assets

Total
Cost £
At 01 November 2021 17,871,357
Additions 26,978,223
Disposals (34,878,556)
At 31 October 2022 9,971,024
Depreciation
At 01 November 2021 1,807,380
Charge for year 2,345,041
On disposals (1,182,436)
At 31 October 2022 2,969,985
Net book value
At 31 October 2022 7,001,039
At 31 October 2021 16,063,977

REGULUS ASSET MANAGEMENT (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.