1 February 2022 false No description of principal activity Taxfiler 2023.10 09288054business:PrivateLimitedCompanyLtd2022-02-012023-01-31 092880542022-01-31 092880542022-02-012023-01-31 09288054business:AuditExemptWithAccountantsReport2022-02-012023-01-31 09288054business:FilletedAccounts2022-02-012023-01-31 092880542023-01-31 092880542022-01-31 09288054core:WithinOneYear2023-01-31 09288054core:WithinOneYear2022-01-31 09288054core:AfterOneYear2023-01-31 09288054core:AfterOneYear2022-01-31 09288054core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09288054core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 09288054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09288054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 09288054core:PreviouslyStatedAmount2023-01-31 09288054core:PreviouslyStatedAmount2022-01-31 09288054business:SmallEntities2022-02-012023-01-31 09288054business:Director12022-02-012023-01-31 09288054countries:EnglandWales2022-02-012023-01-31 09288054business:RegisteredOffice2022-02-012023-01-31 092880542021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09288054 (England and Wales)
Regent One Estates Ltd Unaudited accounts for the year ended 31 January 2023
Regent One Estates Ltd Unaudited accounts Contents
Page
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Regent One Estates Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,000,000 
800,000 
Current assets
Cash at bank and in hand
226,177 
149,197 
Creditors: amounts falling due within one year
(11,128)
(8,144)
Net current assets
215,049 
141,053 
Total assets less current liabilities
1,215,049 
941,053 
Creditors: amounts falling due after more than one year
(391,200)
(359,700)
Provisions for liabilities
Deferred tax
(89,356)
(29,910)
Net assets
734,493 
551,443 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
734,193 
551,143 
Shareholders' funds
734,493 
551,443 
For the year ending 31 January 2023 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 26 October 2023 and were signed on its behalf by
Harpal Singh Director Company Registration No. 09288054
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Regent One Estates Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Regent One Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09288054. The registered office is KD Bros, Hope road, Leeds, West Yorkshire, LS9 7DU.
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.
Turnover
Turnover represents amounts receivable in respect of rent.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 February 2022
800,000 
Net gain from fair value adjustments
200,000 
At 31 January 2023
1,000,000 
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.
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Regent One Estates Ltd Notes to the Accounts for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
10,108 
8,144 
Other creditors
1,020 
- 
11,128 
8,144 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
391,200 
359,700 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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