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REGISTERED NUMBER: 02803842 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REGALPLAN LIMITED

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGALPLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R M Seigler
S Seigler





SECRETARY: J Seigler





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 02803842 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,371 17,889
Investments 5 79,168 79,168
Investment property 6 1,600,000 1,600,000
1,692,539 1,697,057

CURRENT ASSETS
Debtors 7 259,962 263,556
Cash at bank 175,553 166,422
435,515 429,978
CREDITORS
Amounts falling due within one year 8 (60,985 ) (52,002 )
NET CURRENT ASSETS 374,530 377,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,067,069

2,075,033

CREDITORS
Amounts falling due after more than one year 9 (1,473,543 ) (1,484,296 )
NET ASSETS 593,526 590,737

CAPITAL AND RESERVES
Called up share capital 11 132,000 132,000
Share premium 363,000 363,000
Retained earnings 98,526 95,737
SHAREHOLDERS' FUNDS 593,526 590,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




R M Seigler - Director



S Seigler - Director


REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Regalplan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents restaurant sales and gratuities, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Fixed asset investments
Investments classified as long term investments are carried in the financial statements at cost. However, provision for diminution shall be made to recognise a decline, other than temporary, in the value of the investments, such reduction being determined and made for each investment individually.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 19,359 80,581 3,891 103,831
DEPRECIATION
At 1 January 2023 16,416 66,170 3,356 85,942
Charge for year 736 3,603 179 4,518
At 31 December 2023 17,152 69,773 3,535 90,460
NET BOOK VALUE
At 31 December 2023 2,207 10,808 356 13,371
At 31 December 2022 2,943 14,411 535 17,889

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 37,501 41,667 79,168
NET BOOK VALUE
At 31 December 2023 37,501 41,667 79,168
At 31 December 2022 37,501 41,667 79,168

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,600,000
NET BOOK VALUE
At 31 December 2023 1,600,000
At 31 December 2022 1,600,000

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 85,800
Cost 1,514,200
1,600,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,514,200 1,514,200

Investment property was valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,533 56,300
Other debtors 195,429 207,256
259,962 263,556

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,833 5,833
Trade creditors - 3,880
Taxation and social security 1,867 2,232
Other creditors 53,285 40,057
60,985 52,002

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 973,920 979,010
Other creditors 499,623 505,286
1,473,543 1,484,296

REGALPLAN LIMITED (REGISTERED NUMBER: 02803842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 979,753 984,843

Bank loan is secured, a fixed charge over the property, plant and machinery.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
132,000 Ordinary £1 132,000 132,000

12. RELATED PARTY DISCLOSURES

Market Cafe London Ltd

A company in which R Seigler is a director.


Management fees of £18,000 (2022: £48,000) were charged to Market Cafe London Ltd during the year.

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 14,965 23,027

E5 Property Investment and Management Ltd

A company in which R Seigler is a director.


Management fees of £10,000 (2022: £54,000) were charged by E5 Property Investment and Management Ltd during the year.

E9 Property Investment and Management Ltd

A fully owned subsidiary.


31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 181,679 193,506