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Company Registration No. 03299941 (England and Wales)
Regentsway Limited Unaudited accounts for the period from 30 November 2022 to 30 November 2023
Regentsway Limited Unaudited accounts Contents
Page
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Regentsway Limited Company Information for the period from 30 November 2022 to 30 November 2023
Director
Gethin Edwards
Company Number
03299941 (England and Wales)
Registered Office
EMBASSY OFFICES STANGATE HOUSE STANWELL ROAD PENARTH VALE OF GLAMORGAN CF64 2AA WALES
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Regentsway Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
321,526 
323,355 
Cash at bank and in hand
214 
3,704 
321,740 
327,059 
Creditors: amounts falling due within one year
(391,336)
(384,156)
Net current liabilities
(69,596)
(57,097)
Total assets less current liabilities
(69,596)
(57,097)
Creditors: amounts falling due after more than one year
- 
(1,752)
Net liabilities
(69,596)
(58,849)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(69,598)
(58,851)
Shareholders' funds
(69,596)
(58,849)
For the period ending 30 November 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 21 August 2024 and were signed on its behalf by
Gethin Edwards Director Company Registration No. 03299941
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Regentsway Limited Notes to the Accounts for the period from 30 November 2022 to 30 November 2023
1
Statutory information
Regentsway Limited is a private company, limited by shares, registered in England and Wales, registration number 03299941. The registered office is EMBASSY OFFICES STANGATE HOUSE, STANWELL ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2AA, WALES.
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 period, 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 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.
Going concern
At 30 November 2023 the company had net liabilities of £69,596. However the company received financial support from the directors and shareholders and will continue to meet liabilities as they fall due. Therefore the going concern basis is is considered appropriate.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,329 
Trade debtors
42,212 
42,212 
Amounts due from group undertakings etc.
279,314 
279,814 
321,526 
323,355 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
869 
- 
Trade creditors
13,125 
14,821 
Amounts owed to group undertakings and other participating interests
178,051 
168,244 
Accruals
199,291 
201,091 
391,336 
384,156 
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Regentsway Limited Notes to the Accounts for the period from 30 November 2022 to 30 November 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
1,752 
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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