30 November 2021 false No description of principal activity Taxfiler 2023.10 true 03299941business:PrivateLimitedCompanyLtd2021-11-302022-11-29 032999412021-11-29 032999412021-11-302022-11-29 03299941business:AuditExempt-NoAccountantsReport2021-11-302022-11-29 03299941business:FilletedAccounts2021-11-302022-11-29 032999412022-11-29 03299941business:Director12021-11-302022-11-29 03299941business:RegisteredOffice2021-11-302022-11-29 032999412021-11-29 03299941core:WithinOneYear2022-11-29 03299941core:WithinOneYear2021-11-29 03299941core:AfterOneYear2022-11-29 03299941core:AfterOneYear2021-11-29 03299941core:ShareCapitalcore:PreviouslyStatedAmount2022-11-29 03299941core:ShareCapitalcore:PreviouslyStatedAmount2021-11-29 03299941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-29 03299941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-11-29 03299941core:PreviouslyStatedAmount2022-11-29 03299941core:PreviouslyStatedAmount2021-11-29 03299941business:SmallEntities2021-11-302022-11-29 03299941countries:EnglandWales2021-11-302022-11-29 032999412020-11-302021-11-29 iso4217:GBP xbrli:pure
Company Registration No. 03299941 (England and Wales)
Regentsway Limited Unaudited accounts for the year ended 29 November 2022
Regentsway Limited Unaudited accounts Contents
Page
- 2 -
Regentsway Limited Company Information for the year ended 29 November 2022
Director
Gethin Edwards
Company Number
03299941 (England and Wales)
Registered Office
EMBASSY OFFICES STANGATE HOUSE STANWELL ROAD PENARTH VALE OF GLAMORGAN CF64 2AA WALES
- 3 -
Regentsway Limited Statement of financial position as at 29 November 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
323,355 
430,107 
Cash at bank and in hand
3,704 
4,419 
327,059 
434,526 
Creditors: amounts falling due within one year
(384,156)
(484,919)
Net current liabilities
(57,097)
(50,393)
Total assets less current liabilities
(57,097)
(50,393)
Creditors: amounts falling due after more than one year
(1,752)
(2,242)
Net liabilities
(58,849)
(52,635)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(58,851)
(52,637)
Shareholders' funds
(58,849)
(52,635)
For the year ending 29 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 17 November 2023 and were signed on its behalf by
Gethin Edwards Director Company Registration No. 03299941
- 4 -
Regentsway Limited Notes to the Accounts for the year ended 29 November 2022
1
Statutory information
Regentsway Limited is a private company, limited by shares, registered in England and Wales, registration number 03299941. The registered office is EMBASSY OFFICES STANGATE HOUSE, STANWELL ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2AA, WALES.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
At 29 November 2022 the company had net liabilities of 58,849. However the company received financial support from the directors and shareholders and will continue to meet liabilities as they fall due. Therefore the going concern basis is is considered appropriate.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
1,329 
936 
Trade debtors
42,212 
30,212 
Amounts due from group undertakings etc.
279,814 
391,768 
Accrued income and prepayments
- 
7,191 
323,355 
430,107 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
14,821 
13,498 
Amounts owed to group undertakings and other participating interests
168,244 
19,453 
Accruals
201,091 
451,968 
384,156 
484,919 
- 5 -
Regentsway Limited Notes to the Accounts for the year ended 29 November 2022
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
1,752 
2,242 
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
- 6 -