Regent Management Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02328355 (England and Wales)

Regent Management Limited

Abbreviated Accounts

for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr D R Paul

SECRETARY:

Mrs C A Paul

REGISTERED OFFICE:

Barcroft

32 New Road

Yeadon

Leeds

West Yorkshire

LS19 7SE

REGISTERED NUMBER:

02328355 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

The Royal Bank of Scotland

30 East Parade

Leeds

LS1 5PS

FIXED ASSETS

Tangible assets

2

10,820

13,338

Investments

3

1

1

Investment property

4

732,096

683,875

742,917

697,214

CURRENT ASSETS

Debtors

94,407

99,507

Cash at bank

389,110

415,592

483,517

515,099

CREDITORS

Amounts falling due within one year

351,494

374,990

NET CURRENT ASSETS

132,023

140,109

TOTAL ASSETS LESS CURRENT LIABILITIES

874,940

837,323

PROVISIONS FOR LIABILITIES

-

1,226

NET ASSETS

874,940

836,097

CAPITAL AND RESERVES

Called up share capital

5

4,000

4,000

Investment property revaluation reserve

577,754

577,754

Profit and loss account

293,186

254,343

SHAREHOLDERS' FUNDS

874,940

836,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 director on 24 September 2014 and were signed by:

Mr D R Paul - 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).

Preparation of consolidated financial statements

The financial statements contain information about Regent Management Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and furniture

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Fixed assets are initially recorded at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Investments

Investments are initially recorded at cost with consideration taken for any diminution in value which is expected

to be permanent.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

82,477

Additions

1,000

At 31 December 2013

83,477

DEPRECIATION

At 1 January 2013

69,139

Charge for year

3,518

At 31 December 2013

72,657

NET BOOK VALUE

At 31 December 2013

10,820

At 31 December 2012

13,338

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

1

NET BOOK VALUE

At 31 December 2013

1

At 31 December 2012

1

The company's investments at the balance sheet date in the share capital of companies include the following:

Lifestyles Care (Yorkshire) Limited

Nature of business: Provision of nursing care

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

(624,237

)

(624,237

)

Loss for the year

-

(19

)

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2013

683,875

Additions

48,221

At 31 December 2013

732,096

NET BOOK VALUE

At 31 December 2013

732,096

At 31 December 2012

683,875

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2013

2012

value:

£

£

4,000

Ordinary

£1

4,000

4,000

6.	ULTIMATE PARENT COMPANY

7.	RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr D Paul.

As at the Balance Sheet date the company owed £259,268 (2012: £261,898) to Regent 89 Limited. At the

Balance Sheet date the company due £13 (2012: nil) from its subsidiary Lifestyles Care (Yorkshire) Limited, this

balance has been provided in full.