Regency Red Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06440250 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

REGENCY RED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr I Posadino

SECRETARY:

Jordan Cosec Limited

REGISTERED OFFICE:

Suite 1, 3rd Floor

11-12 St James's Square

London

SW1Y 4LB

REGISTERED NUMBER:

06440250 (England and Wales)

ACCOUNTANTS:

Jordans Accounting Services

First Floor, Templeback

10 Temple back

Bristol

BS1 6FL

FIXED ASSETS

Tangible assets

3

106,907

106,907

CURRENT ASSETS

Debtors

4

17,027

17,027

TOTAL ASSETS LESS CURRENT LIABILITIES

123,934

123,934

CREDITORS

Amounts falling due after more than one year

5

(106,907

)

(106,907

)

NET ASSETS

17,027

17,027

CAPITAL AND RESERVES

Called up share capital

17,027

17,027

SHAREHOLDERS' FUNDS

17,027

17,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director on 9 November 2018 and were signed by:

Mr I Posadino - Director

1.	STATUTORY INFORMATION

Regency Red Limited 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.

The presentation currency of the financial statements is the Euro (€).

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is

a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at

transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction

price.

Foreign currencies

Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Transition to frs 102

This is the first financial year that the Company has presented its financial statements under FRS 102 issued by

the Financial Reporting Council. The last financial statements under a previous GAAP (UK GAAP applicable at

that time) were for the period from 1 December 2015 to 30 November 2016 and the date of transition to FRS

102 was therefore 1 December 2015.

The Directors have made an assessment of potential differences in recognition and disclosure arising from the

transition to FRS102 and determined that there are no material adjustments.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

€

COST

At 1 December 2016

and 30 November 2017

106,907

NET BOOK VALUE

At 30 November 2017

106,907

At 30 November 2016

106,907

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

€

€

Other debtors

17,027

17,027

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/17

30/11/16

€

€

Other creditors

106,907

106,907