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REGISTERED NUMBER: 13806236 (England and Wales)















Financial Statements

for the period

17 December 2021 to 31 March 2023

for

R BLUE REGEN HA LIMITED

R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Contents of the Financial Statements
for the period 17 December 2021 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R BLUE REGEN HA LIMITED

Company Information
for the period 17 December 2021 to 31 March 2023







Directors: S A Deering
P A Slater
E Q Slater





Secretary: E Q Slater





Registered office: 51 Welbeck Street
London
United Kingdom
W1G 9HL





Registered number: 13806236 (England and Wales)





Auditors: Haines Watts North London LLP
3rd Floor
Malborough House
298 Regents Park Road
Finchley
London
N3 2SZ

R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Balance Sheet
31 March 2023

Notes £
Current assets
Work-in-progress 1,420,832
Debtors 4 391,300
Cash at bank 6,356
1,818,488
Creditors
Amounts falling due within one year 5 2,084,269
Net current liabilities (265,781 )
Total assets less current liabilities (265,781 )

Capital and reserves
Called up share capital 6 1
Retained earnings (265,782 )
Shareholders' funds (265,781 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





E Q Slater - Director


R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Notes to the Financial Statements
for the period 17 December 2021 to 31 March 2023


1. Statutory information

R Blue Regen Ha 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Further, at the balance sheet date, the company's balance sheet reflected a net deficit amounting to £265,782. The company is reliant upon the ongoing financial support of its parent company, R Blue Capital Limited. The parent company has provided an assurance that it will continue to provide support for at least twelve months from the date of these accounts. At 31 March 2023 the parent company's consolidated accounts reflected group net assets exceeding £5m. After giving due consideration to the above, the directors are of the view that the going concern basis remains appropriate.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Notes to the Financial Statements - continued
for the period 17 December 2021 to 31 March 2023


2. Accounting policies - continued

Stocks
Work in progress represents cost of planning, initial development and contractors costs. These are are then recharged to the client on agreed conclusion of the project. Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Notes to the Financial Statements - continued
for the period 17 December 2021 to 31 March 2023


2. Accounting policies - continued
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 period 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.

3. Employees and directors

The average number of employees during the period was 3 .

4. Debtors: amounts falling due within one year
£
Trade debtors 391,300

5. Creditors: amounts falling due within one year
£
Trade creditors 43,783
Amounts owed to group undertakings 1,364,980
Taxation and social security 28,300
Other creditors 647,206
2,084,269

6. Called up share capital

Allotted and issued:
Number: Class: Nominal
value: £
1 Share capital 1 1 1

R BLUE REGEN HA LIMITED (REGISTERED NUMBER: 13806236)

Notes to the Financial Statements - continued
for the period 17 December 2021 to 31 March 2023


7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Haines Watts North London LLP

8. Related party disclosures

During the year the company received funding from R Blue Capital Limited, a company in which P A Slater, E Q Slater and S A Deering are directors. At the balance sheet date, other creditors due within one year includes an amount of £1,364,980 due from R Blue Capital Limited..