Regmac Limited - Period Ending 2017-09-30
Regmac Limited - Period Ending 2017-09-30
Registration number:
Regmac Limited
for the Year Ended 30 September 2017
Chartered Accountants
590 Green Lanes
Palmers Green
London
N13 5RY
Regmac Limited
Contents
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Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Financial Statements |
Regmac Limited
Company Information
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Director |
G Galatis |
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Registered office |
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Accountants |
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Page 1 |
Regmac Limited
Director's Report for the Year Ended 30 September 2017
The director presents his report and the financial statements for the year ended 30 September 2017.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of property investment
Going concern
The accounts are prepared on a going concern basis validity of which is dependent on the continuous support of the creditors
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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G Galatis
Director
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Page 2 |
Regmac Limited
(Registration number: 09134439)
Balance Sheet as at 30 September 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Investment property |
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- |
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Current assets |
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Debtors |
- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
- |
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Total equity |
( |
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For the financial year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
G Galatis
Director
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Page 3 |
Regmac Limited
Notes to the Financial Statements for the Year Ended 30 September 2017
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investment property
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 4 |
Regmac Limited
Notes to the Financial Statements for the Year Ended 30 September 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Investment properties |
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2017 |
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Additions |
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The investment property is recoded at historic cost which is considered to be equal to the fair value.
There has been no valuation of investment property by an independent valuer.
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Debtors |
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2017 |
2016 |
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Other debtors |
- |
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- |
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Creditors |
Creditors: amounts falling due within one year
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2017 |
2016 |
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Due within one year |
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Accruals and deferred income |
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- |
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Other creditors |
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- |
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- |
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Page 5 |
Regmac Limited
Notes to the Financial Statements for the Year Ended 30 September 2017
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Share capital |
Allotted, called up and fully paid shares
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2017 |
2016 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Related party transactions |
Summary of transactions with other related parties
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Transition to FRS 102 |
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Page 6 |