Acorah Software Products - Accounts Production 15.0.400 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08871678 Mr James Joseph TRIGG iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08871678 2023-01-31 08871678 2024-01-31 08871678 2023-02-01 2024-01-31 08871678 frs-core:CurrentFinancialInstruments 2024-01-31 08871678 frs-core:ComputerEquipment 2024-01-31 08871678 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08871678 frs-core:ComputerEquipment 2023-01-31 08871678 frs-core:FurnitureFittings 2024-01-31 08871678 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08871678 frs-core:FurnitureFittings 2023-01-31 08871678 frs-core:MotorVehicles 2023-02-01 2024-01-31 08871678 frs-core:PlantMachinery 2023-02-01 2024-01-31 08871678 frs-core:ShareCapital 2024-01-31 08871678 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08871678 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08871678 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08871678 frs-bus:SmallEntities 2023-02-01 2024-01-31 08871678 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08871678 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08871678 frs-bus:Director1 2023-02-01 2024-01-31 08871678 frs-core:CurrentFinancialInstruments 1 2024-01-31 08871678 frs-core:CurrentFinancialInstruments 2 2024-01-31 08871678 frs-countries:EnglandWales 2023-02-01 2024-01-31 08871678 2022-01-31 08871678 2023-01-31 08871678 2022-02-01 2023-01-31 08871678 frs-core:CurrentFinancialInstruments 2023-01-31 08871678 frs-core:ShareCapital 2023-01-31 08871678 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08871678 frs-core:CurrentFinancialInstruments 1 2023-01-31 08871678 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 08871678
Regal Park Property Company Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08871678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 205 267
Investment Properties 5 202 202
407 469
CURRENT ASSETS
Debtors 6 28,749 29,328
Cash at bank and in hand 15,418 63,328
44,167 92,656
Creditors: Amounts Falling Due Within One Year 7 (51,924 ) (69,023 )
NET CURRENT ASSETS (LIABILITIES) (7,757 ) 23,633
TOTAL ASSETS LESS CURRENT LIABILITIES (7,350 ) 24,102
PROVISIONS FOR LIABILITIES
Deferred Taxation (231 ) (231 )
NET (LIABILITIES)/ASSETS (7,581 ) 23,871
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (7,681 ) 23,771
SHAREHOLDERS' FUNDS (7,581) 23,871
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr James Joseph TRIGG
Director
24/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Regal Park Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08871678 . The registered office is 7 Office Village, Cygnet Park, Peterborough, PE7 8GX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line
Motor Vehicles Straight Line
Fixtures & Fittings Straight Line
Computer Equipment Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
ÄAverage number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 618 13,207 13,825
As at 31 January 2024 618 13,207 13,825
Depreciation
As at 1 February 2023 351 13,207 13,558
Provided during the period 62 - 62
As at 31 January 2024 413 13,207 13,620
...CONTINUED
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Net Book Value
As at 31 January 2024 205 - 205
As at 1 February 2023 267 - 267
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 202
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,411 17,411
Prepayments and accrued income 2,621 2,620
Intercompany Debit 7,180 7,180
Other taxes and social security 1,518 2,117
Director's loan account 19 -
28,749 29,328
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,756 8,756
Bank loans and overdrafts 6,692 22,364
Corporation tax 2,868 2,868
VAT 20,438 23,487
Intercompany Credit 10,989 7,984
Other creditors (Current liabilities - creditors < 1 year) 231 231
Pension Control Account 1,588 1,588
Accruals and deferred income 362 362
Director's loan account - 1,383
51,924 69,023
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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