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REGISTERED NUMBER: 09305428 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

REGENT NORTH END PROPERTIES 1 LIMITED

REGENT NORTH END PROPERTIES 1 LIMITED (REGISTERED NUMBER: 09305428)

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 1 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: 09305428 (England and Wales)





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

REGENT NORTH END PROPERTIES 1 LIMITED (REGISTERED NUMBER: 09305428)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Loan to related party 4 100 100
Investment property 5 1,500,000 1,500,000
1,500,100 1,500,100

CURRENT ASSETS
Debtors 6 1,585,412 1,671,223
Cash at bank 71,878 56,693
1,657,290 1,727,916
CREDITORS
Amounts falling due within one year 7 (128,423 ) (133,327 )
NET CURRENT ASSETS 1,528,867 1,594,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,028,967

3,094,689

CREDITORS
Amounts falling due after more than one
year

8

(2,125,000

)

(2,225,000

)

PROVISIONS FOR LIABILITIES 10 (134,111 ) (134,111 )
NET ASSETS 769,856 735,578

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 11 668,726 668,726
Retained earnings 11 100,830 66,552
SHAREHOLDERS' FUNDS 769,856 735,578

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 1 LIMITED (REGISTERED NUMBER: 09305428)

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 1 LIMITED (REGISTERED NUMBER: 09305428)

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


1. STATUTORY INFORMATION

Regent North End Properties 1 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.

Preparation of consolidated financial statements
The financial statements contain information about Regent North End Properties 1 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 3 (2020 - 3 ) .

4. INVESTMENT IN SUBSIDIARY
Shares in
group
undertaking
£   
COST
At 1 January 2021
and 31 December 2021 100
NET BOOK VALUE
At 31 December 2021 100
At 31 December 2020 100

REGENT NORTH END PROPERTIES 1 LIMITED (REGISTERED NUMBER: 09305428)

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


4. INVESTMENT IN SUBSIDIARY - continued

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

Regent North End Properties 3 Limited
Registered office: 4 Prince Albert Road, London, England, NW1 7SN
Nature of business: Property investment
%
Class of shares: holding
100 Ordinary 100.00
31.12.21 31.12.20
£    £   
Aggregate capital and reserves 649,305 640,095
Profit for the year 85,444 61,484

5. 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 602,837
Valuation in 2018 200,000
Cost 697,163
1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by group undertakings 708,900 754,900
Other debtors 876,512 916,323
1,585,412 1,671,223

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 100,000 100,000
Taxation and social security 4,113 9,017
Other creditors 24,310 24,310
128,423 133,327

REGENT NORTH END PROPERTIES 1 LIMITED (REGISTERED NUMBER: 09305428)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 2,125,000 2,225,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 1,725,000 1,825,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 2,225,000 2,325,000

The bank indebtedness is secured by a fixed charge over the investment property and a debenture over the
remaining assets of both the company and the related party Regent North End Properties 2 Limited.

10. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 134,111 134,111

Deferred
tax
£   
Balance at 1 January 2021 134,111
Balance at 31 December 2021 134,111

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

At 1 January 2021 66,552 668,726 735,278
Profit for the year 34,278 34,278
At 31 December 2021 100,830 668,726 769,556

The fair value reserve is non distributable.

REGENT NORTH END PROPERTIES 1 LIMITED (REGISTERED NUMBER: 09305428)

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


12. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £708,900 (2020: £754,900) due from the subsidiary company .
Regent North End Properties 3 Limited.

Included in debtors is an amount of £868,566 (2020: £898,566) due from Regent North End Properties 2 Limited, a company related by common shareholding.

The company's loan facility with Investec Bank plc is secured with fixed charge over the investment property and a debenture over the remaining assets of Regent North End Properties 3 Limited and Regent North End Properties 2 Limited.