The Regeneration Incentive Co Ltd - Accounts to registrar (filleted) - small 23.2.5

The Regeneration Incentive Co Ltd - Accounts to registrar (filleted) - small 23.2.5

THE REGENERATION INCENTIVE CO LTD - Company Information

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REGISTERED NUMBER: 09763747 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2023

for

The Regeneration Incentive Co Ltd
Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL








The Regeneration Incentive Co Ltd (Registered number: 09763747)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Regeneration Incentive Co Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: C W Peat





SECRETARY: J G Beaumont





REGISTERED OFFICE: 118 Piccadilly
London
W1J 7NW





REGISTERED NUMBER: 09763747 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL
Page 1
The Regeneration Incentive Co Ltd (Registered number: 09763747)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1 2

CREDITORS
Amounts falling due within one year 5 10,604 9,133
NET CURRENT LIABILITIES (10,603 ) (9,131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(10,603
)
(9,131
)

CAPITAL AND RESERVES
Called up share capital 4,952 4,952
Share premium 426,932 426,932
Retained earnings (442,487 ) (441,015 )
SHAREHOLDERS' FUNDS (10,603 ) (9,131 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2024 and were signed by:





C W Peat - Director


The notes form part of these financial statements

Page 2
The Regeneration Incentive Co Ltd (Registered number: 09763747)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Regeneration Incentive Co Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
At the year end, the company had total net liabilities of £9.131. The director considers that the company can continue as a going concern, as the majority shareholder, The Regeneration Group Limited, has sufficient funds to provide financial support to the company from 12 months of the date of signing of the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed by group undertakings 1 2

Page 3 continued...
The Regeneration Incentive Co Ltd (Registered number: 09763747)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 9,484 -
Social security and other taxes - 207
Other creditors - 7,681
Accrued expenses 1,120 1,245
10,604 9,133

6. ULTIMATE CONTROLLING PARTY

As at 30 September 2023, the directors consider that there is no single controlling party.

7. PARENT COMPANY

As at 30 September 2023, the parent company was The Regeneration Group Limited by virtue of holding 100% of the Ordinary share capital of the company, which is the only share capital which carries full voting rights.

Page 4