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Company Registration No. 14359508 (England and Wales)
Regal Home Space Ltd Unaudited accounts for the period from 15 September 2022 to 30 September 2023
Regal Home Space Ltd Unaudited accounts Contents
Page
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Regal Home Space Ltd Company Information for the period from 15 September 2022 to 30 September 2023
Directors
K L Mcdonnell K James I O Lee
Company Number
14359508 (England and Wales)
Registered Office
10-12 Barnes High Street Barnes London SW13 9LW United Kingdom
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Regal Home Space Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
69,011 
Investment property
842,911 
911,922 
Current assets
Debtors
32,910 
Cash at bank and in hand
184,234 
217,144 
Creditors: amounts falling due within one year
(1,187,524)
Net current liabilities
(970,380)
Net liabilities
(58,458)
Capital and reserves
Called up share capital
310 
Profit and loss account
(58,768)
Shareholders' funds
(58,458)
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
K L Mcdonnell Director Company Registration No. 14359508
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Regal Home Space Ltd Notes to the Accounts for the period from 15 September 2022 to 30 September 2023
1
Statutory information
Regal Home Space Ltd is a private company, limited by shares, registered in England and Wales, registration number 14359508. The registered office is 10-12 Barnes High Street, Barnes, London, SW13 9LW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Regal Home Space Ltd Notes to the Accounts for the period from 15 September 2022 to 30 September 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 15 September 2022
- 
Additions
103,521 
At 30 September 2023
103,521 
Depreciation
Charge for the period
34,510 
At 30 September 2023
34,510 
Net book value
At 30 September 2023
69,011 
5
Investment property
2023 
£ 
Additions
842,911 
At 30 September 2023
842,911 
6
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
32,910 
7
Creditors: amounts falling due within one year
2023 
£ 
Other creditors
1,184,400 
Accruals
3,124 
1,187,524 
8
Average number of employees
During the period the average number of employees was 0.
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