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
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
Regal Home Space Ltd
Statement of financial position
as at 30 September 2023
Investment property
842,911
Cash at bank and in hand
184,234
Creditors: amounts falling due within one year
(1,187,524)
Net current liabilities
(970,380)
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
Regal Home Space Ltd
Notes to the Accounts
for the period from 15 September 2022 to 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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:
Regal Home Space Ltd
Notes to the Accounts
for the period from 15 September 2022 to 30 September 2023
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Tangible fixed assets
Plant & machinery
At 30 September 2023
103,521
Charge for the period
34,510
At 30 September 2023
34,510
At 30 September 2023
69,011
At 30 September 2023
842,911
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
8
Average number of employees
During the period the average number of employees was 0.