Company registration number 03244268 (England and Wales)
Regalplace Property Management Limited
Unaudited
financial statements
for the year ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
Regalplace Property Management Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Regalplace Property Management Limited
Statement of financial position
as at 31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
2,000
1,755
Creditors: amounts falling due within one year
3
(475)
(475)
Net current assets
1,525
1,280
Capital and reserves
Called up share capital
8
8
Profit and loss reserves
1,517
1,272
Total equity
1,525
1,280
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 October 2023 and are signed on its behalf by:
P Gray
Director
Company registration number 03244268 (England and Wales)
Regalplace Property Management Limited
Notes to the financial statements
for the year ended 31 August 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents ground rent and service charges receivable from property owners under the terms of their leases. Turnover is recognised on a cash basis.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
8
8
3
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
475
475
4
Company information
Regalplace Property Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 130 Cottingley Road, Allerton, Bradford, BD15 9JU.