0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 3,587 3,587 3,587 xbrli:pure xbrli:shares iso4217:GBP 05200474 2022-04-01 2023-03-31 05200474 2023-03-31 05200474 2022-03-31 05200474 bus:Director1 2022-04-01 2023-03-31 05200474 core:WithinOneYear 2023-03-31 05200474 core:WithinOneYear 2022-03-31 05200474 core:OtherReservesSubtotal 2023-03-31 05200474 core:OtherReservesSubtotal 2022-03-31 05200474 core:RetainedEarningsAccumulatedLosses 2023-03-31 05200474 core:RetainedEarningsAccumulatedLosses 2022-03-31 05200474 core:LandBuildings 2023-03-31 05200474 core:LandBuildings 2022-03-31 05200474 bus:Director1 2022-03-31 05200474 bus:Director1 2021-03-31 05200474 bus:SmallEntities 2022-04-01 2023-03-31 05200474 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05200474 bus:FullAccounts 2022-04-01 2023-03-31 05200474 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05200474 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 05200474
Regionstart Property Management Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 March 2023
Regionstart Property Management Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,587
3,587
Current assets
Debtors
6
47,253
55,945
Creditors: amounts falling due within one year
7
6,926
23,418
--------
--------
Net current assets
40,327
32,527
--------
--------
Total assets less current liabilities
43,914
36,114
--------
--------
Net assets
43,914
36,114
--------
--------
Capital and reserves
Other reserves
15,610
15,610
Profit and loss account
28,304
20,504
--------
--------
Members funds
43,914
36,114
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2024 , and are signed on behalf of the board by:
R F Callaby Esq
Director
Company registration number: 05200474
Regionstart Property Management Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the director in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Company limited by guarantee
Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he or she is a member or within one year after ceasing to be a member, for payment of the company's debts and liabilities contracted before they ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
5. Tangible assets
Land and buildings
£
Cost
At 1 April 2022 and 31 March 2023
3,587
-------
Depreciation
At 1 April 2022 and 31 March 2023
-------
Carrying amount
At 31 March 2023
3,587
-------
At 31 March 2022
3,587
-------
6. Debtors
2023
2022
£
£
Debtors
848
17,417
Other debtors
46,405
38,528
--------
--------
47,253
55,945
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Creditors
60
Social security and other taxes
217
218
Other creditors
6,709
23,140
-------
--------
6,926
23,418
-------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
R F Callaby Esq
( 4,669)
( 4,669)
-------
-------