The Regeneration Incentive Co Ltd - Accounts to registrar

REGISTERED NUMBER: 09763747 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 June 2017

for

The Regeneration Incentive Co Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J G Beaumont

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

CREDITORS

Amounts falling due within one year

4

191,353

22,778

NET CURRENT LIABILITIES

(191,353

)

(22,778

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(191,353

)

(22,778

)

CAPITAL AND RESERVES

Called up share capital

5

4,951

Retained earnings

6

(196,304

)

(27,729

)

SHAREHOLDERS' FUNDS

(191,353

)

(22,778

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 September 2017 and were signed by:

J G Beaumont - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 6 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade creditors

-

481

Amounts owed to group undertakings

185,147

20,012

Social security and other taxes

2,856

(285

)

Accrued expenses

3,350

2,570

191,353

22,778

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

10,000

A Ordinary

0.000

1

49,502,250

B Ordinary

0.000

1

4,950

4,951

6.

RESERVES

Retained

earnings

£

At 1 July 2016

(27,729

)

Deficit for the year

(168,575

)

At 30 June 2017

(196,304

)

7.	ULTIMATE PARENT COMPANY

The Regeneration Group Limited, a company registered in England and Wales, is regarded by the directors as

being the company's ultimate parent company.

The Regeneration Incentive Co Ltd - Accounts to registrar - small 17.2

The Regeneration Incentive Co Ltd - Accounts to registrar - small 17.2