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Company Registration No. 11696019 (England and Wales)
Regallite Ltd Unaudited accounts for the year ended 30 November 2022
Regallite Ltd Unaudited accounts Contents
Page
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Regallite Ltd Company Information for the year ended 30 November 2022
Director
Janaksinh Jhala
Company Number
11696019 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
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Regallite Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
307 
380 
Investments
233,346 
411,489 
233,653 
411,869 
Current assets
Debtors
460 
460 
Cash at bank and in hand
79,766 
1,044 
80,226 
1,504 
Creditors: amounts falling due within one year
(54,999)
(149,602)
Net current assets/(liabilities)
25,227 
(148,098)
Total assets less current liabilities
258,880 
263,771 
Creditors: amounts falling due after more than one year
(244,656)
(322,237)
Net assets/(liabilities)
14,224 
(58,466)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
13,224 
(59,466)
Shareholders' funds
14,224 
(58,466)
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Janaksinh Jhala Director Company Registration No. 11696019
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Regallite Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
Regallite Ltd is a private company, limited by shares, registered in England and Wales, registration number 11696019. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on RBM
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2021
633 
At 30 November 2022
633 
Depreciation
At 1 December 2021
253 
Charge for the year
73 
At 30 November 2022
326 
Net book value
At 30 November 2022
307 
At 30 November 2021
380 
5
Investments
Other investments 
£ 
Valuation at 1 December 2021
411,489 
Disposals
(178,143)
Valuation at 30 November 2022
233,346 
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Regallite Ltd Notes to the Accounts for the year ended 30 November 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
460 
460 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
17,829 
76,497 
Loans from directors
36,120 
71,775 
Accruals
1,050 
1,330 
54,999 
149,602 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
244,656 
322,237 
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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