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Company Registration No. 04438400 (England and Wales)
REGWOOD PROPERTIES LIMITED Unaudited accounts for the year ended 31 May 2023
REGWOOD PROPERTIES LIMITED Unaudited accounts Contents
Page
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REGWOOD PROPERTIES LIMITED Company Information for the year ended 31 May 2023
Director
Maurice Naji Lawee
Company Number
04438400 (England and Wales)
Registered Office
MIDAS HOUSE 198 WEST END LANE LONDON NW6 1SG
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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REGWOOD PROPERTIES LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
1 
Fixed assets
Investment property
11,500,000 
- 
Current assets
Debtors
7,422,343 
- 
Cash at bank and in hand
234,722 
- 
7,657,065 
- 
Creditors: amounts falling due within one year
(128,805)
- 
Net current assets
7,528,260 
- 
Total assets less current liabilities
19,028,260 
1 
Creditors: amounts falling due after more than one year
(7,475,000)
- 
Provisions for liabilities
Deferred tax
(1,840,074)
- 
Net assets
9,713,186 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,713,185 
- 
Shareholders' funds
9,713,186 
1 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Maurice Naji Lawee Director Company Registration No. 04438400
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REGWOOD PROPERTIES LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
REGWOOD PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04438400. The registered office is MIDAS HOUSE, 198 WEST END LANE, LONDON, NW6 1SG.
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 remained unchanged from the previous year, and also 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 comprises revenue recognised by the company in respect of rent receivable in the year.
Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
4
Investment property
2023 
£ 
Additions
2,300,892 
Net gain from fair value adjustments
9,199,108 
At 31 May 2023
11,500,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,964 
- 
Accrued income and prepayments
86,485 
- 
Other debtors
7,291,894 
- 
7,422,343 
- 
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REGWOOD PROPERTIES LIMITED Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
12,743 
- 
Accruals
116,062 
- 
128,805 
- 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,475,000 
- 
8
Transactions with related parties
At the balance sheet date the company was owed £7,291,894 (2022: £0) by companies under common control. During the year the company wrote off loans owed by these companies totalling £2,300,892 (2022: £nil)
9
Controlling party
The controlling party is Careline Studios Limited, a company incorporated in England and Wales.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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