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REGISTERED NUMBER: 09305426 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

REGENT NORTH END PROPERTIES 2 LIMITED

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENT NORTH END PROPERTIES 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M P Raibin
S A Simons
R J Blair





REGISTERED OFFICE: 4 Prince Albert Road
London
NW1 7SN





REGISTERED NUMBER: 09305426 (England and Wales)





ACCOUNTANTS: Scodie Deyong LLP
Chartered Accountants
4 Prince Albert Road
London
NW1 7SN

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 7,000 8,141
Cash at bank 44,259 27,019
51,259 35,160
CREDITORS
Amounts falling due within one year 6 (907,298 ) (929,907 )
NET CURRENT LIABILITIES (856,039 ) (894,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,961

605,253

PROVISIONS FOR LIABILITIES 7 (81,954 ) (81,954 )
NET ASSETS 562,007 523,299

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 8 465,426 465,426
Retained earnings 8 96,281 57,573
SHAREHOLDERS' FUNDS 562,007 523,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2022 and were signed on its behalf by:





R J Blair - Director


REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Regent North End Properties 2 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.

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 as modified by the revaluation of certain assets.

Going Concern
The balance sheet of the company shows net current liabilities of £856,039 (2020 - £894,747). These amounts include a balance of £868,566 owed to a related company. In view of this the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover represents rent received.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,500,000
NET BOOK VALUE
At 31 December 2021 1,500,000
At 31 December 2020 1,500,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2017 247,381
Valuation in 2018 300,000
Cost 952,619
1,500,000

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by related party 7,000 7,000
Other debtors - 1,141
7,000 8,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed to related party 868,566 898,566
Taxation and social security 13,347 4,493
Other creditors 25,385 26,848
907,298 929,907

7. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 81,954 81,954

Deferred
tax
£   
Balance at 1 January 2021 81,954
Balance at 31 December 2021 81,954

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2021 57,573 465,426 522,999
Profit for the year 38,708 38,708
At 31 December 2021 96,281 465,426 561,707

The fair value reserve is non distributable.

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £868,566 (2020: £898,566) owed to Regent North End Properties 1 Limited, a company related by common shareholding.

Included in debtors is an amount of £7,000 (2020: £7,000) owed by Regent North End Properties 3 Limited, a company related by common shareholding.

The related company, Regent North End Properties 1 Limited, has a loan facility with Investec Bank plc which is secured with a fixed charge over the investment property and a debenture over the remaining assets held by Regent North End Properties 2 Limited.