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REGISTERED NUMBER: SC261790 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Regis Banqueting Ltd.

Regis Banqueting Ltd. (Registered number: SC261790)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regis Banqueting Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Longmuir
Mrs S Longmuir
Ms K MacTavish
Ms K Coia





SECRETARY: Mrs S Longmuir





REGISTERED OFFICE: Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC261790 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Regis Banqueting Ltd. (Registered number: SC261790)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,043 97,522
Investments 5 119,999 -
261,042 97,522

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 400,444 91,285
Cash at bank 568,801 585,419
981,245 688,704
CREDITORS
Amounts falling due within one year 7 326,029 222,072
NET CURRENT ASSETS 655,216 466,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,258

564,154

PROVISIONS FOR LIABILITIES 27,088 18,529
NET ASSETS 889,170 545,625

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 889,070 545,525
889,170 545,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Regis Banqueting Ltd. (Registered number: SC261790)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





R Longmuir - Director


Regis Banqueting Ltd. (Registered number: SC261790)

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

1. STATUTORY INFORMATION

Regis Banqueting Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - straight line over 3 years, 25% on cost and 15% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Regis Banqueting Ltd. (Registered number: SC261790)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 124 (2022 - 81 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 320,294
Additions 103,673
Disposals (25,096 )
At 31 December 2023 398,871
DEPRECIATION
At 1 January 2023 222,772
Charge for year 60,152
Eliminated on disposal (25,096 )
At 31 December 2023 257,828
NET BOOK VALUE
At 31 December 2023 141,043
At 31 December 2022 97,522

Regis Banqueting Ltd. (Registered number: SC261790)

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

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Loans to undertakings in which the
company has a participating interest

94,999

-
Other investments not loans 25,000 -
119,999 -

Additional information is as follows:
Other
investment
£   
COST
Additions 25,000
At 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 25,000
Loans to
other
participatin
interests
£   
New in year 99,999
Repayment in year (5,000 )
At 31 December 2023 94,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 199,597 71,285
Amounts owed by participating interests 169,583 -
Other debtors 20,000 20,000
Other debtors 2 10,364 -
Prepayments 900 -
400,444 91,285

Regis Banqueting Ltd. (Registered number: SC261790)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 34,075 31,687
Tax 118,470 90,151
Social security and other taxes 13,306 8,530
VAT 146,331 83,878
Other creditors - 430
Pension fund 4,960 2,230
Directors' current accounts 6,015 1,015
Accrued expenses 2,872 4,151
326,029 222,072

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed a balance of £189,583 (2022 - £20000) from Regis Property Ltd. Mr R Longmuir is a director of both companies.