Regalia Homes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07981041 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

REGALIA HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Britton

Mrs J B Britton

T D Chenoweth

Mrs J Chenoweth

REGISTERED OFFICE:

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

07981041 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

CURRENT ASSETS

Stocks

2,107,541

879,759

Debtors

38,883

286,790

Cash at bank

8,067

2,756

2,154,491

1,169,305

CREDITORS

Amounts falling due within one year

2

2,289,409

1,172,175

NET CURRENT LIABILITIES

(134,918

)

(2,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(134,918

)

(2,870

)

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(134,922

)

(2,874

)

SHAREHOLDERS' FUNDS

(134,918

)

(2,870

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 December 2015 and were signed on its behalf by:

M Britton - Director

Mrs J B Britton - Director

T D Chenoweth - Director

Mrs J Chenoweth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.

CREDITORS

Creditors include an amount of £ 693,382 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

4

Ordinary

£1

4

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

M & J Britton loaned the company £1,309,024 (2014: £1,164,220) for the purchase and development

of the trading stock. Interest has been charged on the loan during the year totalling £80,000 (2014: nil)

The loan is repayable on demand.

T & J Chenoweth loaned the company £22,498 (2014: nil) for the development of trading stock. The

amount was interest free and repayable on demand.