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COMPANY REGISTRATION NUMBER: 07546783
Regent Street (Carlisle) Limited
Filleted Unaudited Financial Statements
31 March 2022
Regent Street (Carlisle) Limited
Financial Statements
Year ended 31 March 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Regent Street (Carlisle) Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Current assets
Debtors
4
800
Cash at bank and in hand
667
1,454
-------
-------
1,467
1,454
Creditors: amounts falling due within one year
5
2,087
2,436
-------
-------
Net current liabilities
620
982
----
----
Total assets less current liabilities
( 620)
( 982)
----
----
Net liabilities
( 620)
( 982)
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 621)
( 983)
----
----
Shareholders deficit
( 620)
( 982)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 July 2022 , and are signed on behalf of the board by:
Mr I E Simpson
Director
Company registration number: 07546783
Regent Street (Carlisle) Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is City View, Lowry Street, Carlisle, CA2 4SH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The directors consider there were no significant judgements in preparing the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The directors consider there are no key sources of estimation uncertainty.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2022
2021
£
£
Trade debtors
800
----
----
5. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
384
Other creditors
2,087
2,052
-------
-------
2,087
2,436
-------
-------
6. Director's advances, credits and guarantees
The directors were not advanced any amounts during the period.
7. Related party transactions
No transactions with related parties were undertaken, other than disclosed in the notes, such as are required to be disclosed under the FRS102 Section 1A.