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REGISTERED NUMBER: 07500835 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

THE OLD REGENT LTD

THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OLD REGENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr F Cull
Mr S Young





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 07500835 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 823,525 827,338

CURRENT ASSETS
Stocks 6 6,530 5,000
Debtors 7 4,729 11,749
Cash at bank and in hand 68,937 107,578
80,196 124,327
CREDITORS
Amounts falling due within one year 8 482,339 478,619
NET CURRENT LIABILITIES (402,143 ) (354,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,382

473,046

CREDITORS
Amounts falling due after more than one
year

9

(153,421

)

(310,235

)

PROVISIONS FOR LIABILITIES 11 (7,748 ) (8,101 )
NET ASSETS 260,213 154,710

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 260,203 154,700
SHAREHOLDERS' FUNDS 260,213 154,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

BALANCE SHEET - continued
31 JULY 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 21 March 2024 and were signed on its behalf by:





Mr F Cull - Director


THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

The Old Regent Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Capital Expenditure - 10% straight line basis
Plant and machinery - 20% on reducing balance
Office equipment - 20% straight line basis
Fixtures and fittings - 20% on reducing balance

FRS 102 permits the exclusion of depreciation on properties where the annual charge and accumulated depreciation charge are immaterial. Depreciation may be immaterial as a result of very long estimated useful economic lives or high residual values (or both). The director is of the opinion that this applies to the property owned by the company and accordingly has not depreciated the assets.

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
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.


THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

5. TANGIBLE FIXED ASSETS
Freehold Capital Plant and
property Expenditure machinery
£    £    £   
COST
At 1 August 2022 751,020 53,766 67,596
Additions - - 8,392
At 31 July 2023 751,020 53,766 75,988
DEPRECIATION
At 1 August 2022 - 17,054 43,072
Charge for year - 5,377 5,359
At 31 July 2023 - 22,431 48,431
NET BOOK VALUE
At 31 July 2023 751,020 31,335 27,557
At 31 July 2022 751,020 36,712 24,524

THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
Office and
equipment fittings Totals
£    £    £   
COST
At 1 August 2022 8,373 28,001 908,756
Additions 2,273 - 10,665
At 31 July 2023 10,646 28,001 919,421
DEPRECIATION
At 1 August 2022 6,006 15,286 81,418
Charge for year 1,200 2,542 14,478
At 31 July 2023 7,206 17,828 95,896
NET BOOK VALUE
At 31 July 2023 3,440 10,173 823,525
At 31 July 2022 2,367 12,715 827,338

6. STOCKS
2023 2022
£    £   
Stocks 6,530 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,446
Other debtors 4,729 5,303
4,729 11,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,939 10,924
Corporation tax 28,897 26,355
Social security and other taxes 19,844 15,133
Other creditors 18,643 9,831
Directors' current accounts 411,016 416,376
482,339 478,619

THE OLD REGENT LTD (REGISTERED NUMBER: 07500835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,561 11,115
Bank loans - 2-5 years 15,213 34,692
Bank loans more 5 yr by instal 133,647 264,428
153,421 310,235

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 133,647 264,428

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
- 310,235

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,748 8,101

Deferred
tax
£   
Balance at 1 August 2022 8,101
Credit to Income Statement during year (353 )
Balance at 31 July 2023 7,748

The provision for deferred taxation is made up of accelerated capital allowances.