2022-06-012023-05-312023-05-31false04439804REGENCY ESTATES (EUROPE) 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REGENCY ESTATES (EUROPE) LIMITED

Registered Number
04439804
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

REGENCY ESTATES (EUROPE) LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

THORNTON, Christina Ann

Registered Address

44-46 Regent Street
Rugby
CV21 2PS

Registered Number

04439804 (England and Wales)
REGENCY ESTATES (EUROPE) LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5121152
Investments6437,376425,000
437,497425,152
Current assets
Debtors741,23241,142
Cash at bank and on hand50,84276,297
92,074117,439
Creditors amounts falling due within one year8(57,597)(41,308)
Net current assets (liabilities)34,47776,131
Total assets less current liabilities471,974501,283
Creditors amounts falling due after one year9(306,703)(306,703)
Provisions for liabilities(17,049)(17,049)
Net assets148,222177,531
Capital and reserves
Called up share capital100100
Profit and loss account148,122177,431
Shareholders' funds148,222177,531
The financial statements were approved and authorised for issue by the Director on 18 January 2024, and are signed on its behalf by:
THORNTON, Christina Ann
Director
Registered Company No. 04439804
REGENCY ESTATES (EUROPE) LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.
4.Employee information

20232022
Average number of employees during the year01
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 June 2210,331
At 31 May 2310,331
Depreciation and impairment
At 01 June 2210,179
Charge for year31
At 31 May 2310,210
Net book value
At 31 May 23121
At 31 May 22152
6.Fixed asset investments

Total

£
Cost or valuation
At 01 June 22425,000
Additions12,376
At 31 May 23437,376
Net book value
At 31 May 23437,376
At 31 May 22425,000
7.Debtors

2023

2022

££
Trade debtors / trade receivables36,15036,060
Other debtors5,0825,082
Total41,23241,142
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Other creditors29,70334,258
Accrued liabilities and deferred income27,8947,050
Total57,59741,308
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts306,703306,703
Total306,703306,703