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REGISTERED NUMBER: 13770649 (England and Wales)









REGENCY WEALTH INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2022 TO 31 MAY 2023






REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENCY WEALTH INVESTMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023







DIRECTORS: Mrs W A Neal
D Gillespie





REGISTERED OFFICE: Churchgate House
3 Church Road
Whitchurch
Cardiff
SOUTH GLAMORGAN
CF14 2DX





REGISTERED NUMBER: 13770649 (England and Wales)






REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 157,760 138,082

CURRENT ASSETS
Debtors 5 3,113 8,146
Cash in hand 100 100
3,213 8,246
CREDITORS
Amounts falling due within one year 6 178,096 176,200
NET CURRENT LIABILITIES (174,883 ) (167,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,123

)

(29,872

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (17,223 ) (29,972 )
SHAREHOLDERS' FUNDS (17,123 ) (29,872 )

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

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

REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

BALANCE SHEET - continued
31 MAY 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 20 December 2023 and were signed on its behalf by:





D Gillespie - Director


REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023

1. STATUTORY INFORMATION

Regency Wealth Investments 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. 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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Taxation
Taxation for the period 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.


REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 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 period 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.

Turnover
Investment income
Investment income is recognised on receipt of dividends paid to the company.

Listed investments
Listed investments held as Fixed assets are shown at the quoted market value at the balance sheet date. Fair value movement on listed investments are recognised through Income Statement.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Where there are a number of similar obligations, the likelihood that an outflow of economic benefits will be required in settlement is determined by considering the class of obligation as a whole. A provision is recognised even if the likelihood of an outflow with respect of any one item in the same class of obligations may be small.
Provisions are not made for future operating losses.

Provisions are measures at the present value of the cost expected to be required to settle the obligation using a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passing of time is recognised as a cost in the income statement

REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets are liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 December 2022 138,082
Fair value adjustment 20,129
Impairments (620 )
Dividends received 169
At 31 May 2023 157,760
NET BOOK VALUE
At 31 May 2023 157,760
At 30 November 2022 138,082

REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2023 is represented by:

Listed
investments
£   
Valuation in 2022 138,082
Valuation in 2023 19,678
157,760

The market value of investments as at 30 November 2022 was £138,082.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset 3,113 8,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to related
parties 175,696 175,000
Accrued expenses 2,400 1,200
178,096 176,200

7. DEFERRED TAX
£   
Balance at 1 December 2022 (8,146 )
Deferred tax 5,033
Balance at 31 May 2023 (3,113 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30 Ordinary A £1 30 30
70 Ordinary B £1 70 70
100 100

On incorporation 30 Ordinary A and 70 Ordinary B shares were issued by the company.

REGENCY WEALTH INVESTMENTS LTD (REGISTERED NUMBER: 13770649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2023

9. RELATED PARTY DISCLOSURES

During the period the company received an interest free loan from Regency Oils (Wales) Limited of £175,000. This loan is repayable on demand and is included within creditors due less than one year.

This company is connected due to common directors and ownership.

10. CHANGE OF ACCOUNTING REFERENCE DATE

The accounting reference date has been shortened from the 30 November to 31 May. These accounts are therefore for a six month period.