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REGISTERED NUMBER: 02888464 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

REGENT BARS LIMITED
TRADING AS
THE ROXY

REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENT BARS LIMITED
TRADING AS THE ROXY

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N O'Dwyer





SECRETARY: Miss B A Hayter





REGISTERED OFFICE: The Willows
Rags Lane
Goffs Oak
Hertfordshire
EN7 6TD





REGISTERED NUMBER: 02888464 (England and Wales)





ACCOUNTANTS: Abacs Ltd
La Pineda
Upper Minety
Malmesbury
Wiltshire
SN16 9PR

REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,500 100,000
Tangible assets 5 313,632 375,444
401,132 475,444

CURRENT ASSETS
Stocks 25,053 19,037
Debtors 6 152,953 206,933
Cash at bank and in hand 1,299,405 676,188
1,477,411 902,158
CREDITORS
Amounts falling due within one year 7 318,608 305,812
NET CURRENT ASSETS 1,158,803 596,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,559,935

1,071,790

PROVISIONS FOR LIABILITIES 32,714 28,936
NET ASSETS 1,527,221 1,042,854

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,527,219 1,042,852
SHAREHOLDERS' FUNDS 1,527,221 1,042,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2023 and were signed by:





N O'Dwyer - Director


REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Regent Bars 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 250,000
AMORTISATION
At 1 April 2022 150,000
Charge for year 12,500
At 31 March 2023 162,500
NET BOOK VALUE
At 31 March 2023 87,500
At 31 March 2022 100,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 494,614 838,037 1,332,651
Additions - 67,360 67,360
At 31 March 2023 494,614 905,397 1,400,011
DEPRECIATION
At 1 April 2022 368,948 588,259 957,207
Charge for year 28,122 101,050 129,172
At 31 March 2023 397,070 689,309 1,086,379
NET BOOK VALUE
At 31 March 2023 97,544 216,088 313,632
At 31 March 2022 125,666 249,778 375,444

REGENT BARS LIMITED (REGISTERED NUMBER: 02888464)
TRADING AS THE ROXY

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (470 ) 1,676
Other debtors 153,423 205,257
152,953 206,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,878 41,556
Taxation and social security 199,860 175,406
Other creditors 85,870 88,850
318,608 305,812

8. CONTINGENT LIABILITIES

The rent review discussions (going back to Sept 2018) have been finalised with effect from December 2021. The provision previously made in the past years accounts is no longer required and has now been reversed following a favourable review in the 2022 accounts