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REGISTERED NUMBER: 10023269 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024

FOR

REGENCY ONE LTD

REGENCY ONE LTD (REGISTERED NUMBER: 10023269)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENCY ONE LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: A Morris
S Leung





REGISTERED OFFICE: 11 Radinden Drive
Hove
East Sussex
BN3 6LB





REGISTERED NUMBER: 10023269 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

REGENCY ONE LTD (REGISTERED NUMBER: 10023269)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,553,042 5,378,834

CURRENT ASSETS
Debtors 5 95,264 95,242
Cash at bank and in hand 12,880 25,940
108,144 121,182
CREDITORS
Amounts falling due within one year 6 254,731 114,337
NET CURRENT (LIABILITIES)/ASSETS (146,587 ) 6,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,406,455

5,385,679

CREDITORS
Amounts falling due after more than one
year

7

4,555,369

4,574,431
NET ASSETS 851,086 811,248

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 851,082 811,244
SHAREHOLDERS' FUNDS 851,086 811,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

REGENCY ONE LTD (REGISTERED NUMBER: 10023269)

BALANCE SHEET - continued
29 February 2024


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 6 September 2024 and were signed on its behalf by:





S Leung - Director


REGENCY ONE LTD (REGISTERED NUMBER: 10023269)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Regency One Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The directors have assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REGENCY ONE LTD (REGISTERED NUMBER: 10023269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 5,378,834
Additions 174,208
At 29 February 2024 5,553,042
NET BOOK VALUE
At 29 February 2024 5,553,042
At 28 February 2023 5,378,834

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2019 224,660
Valuation in 2020 624,525
Valuation in 2021 294,250
Cost 4,409,607
5,553,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,675 14,300
Other debtors 73,589 80,942
95,264 95,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,662 5,049
Trade creditors 1,465 4,908
Other creditors 247,604 104,380
254,731 114,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,660,724 3,664,752
Other creditors 894,645 909,679
4,555,369 4,574,431

REGENCY ONE LTD (REGISTERED NUMBER: 10023269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 3,627,657 3,624,331
Other loans more 5yrs non-inst - 150,000
3,627,657 3,774,331

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,666,386 3,669,801
Other loans - 150,000
3,666,386 3,819,801

The legal charge is secured over the property known as unit 17 Seafield Road Hove BN3 2TP dated 25th October 2017.

The legal charge is secured over the property known as unit 18 Seafield Road Hove BN3 2TP dated 30th August 2017.

The legal charge is secured over the property known as unit 2 Raphael Road Hove BN3 5QQ dated 25th March 2020.

The legal charge is secured over the property known as unit 96 Lansdowne Place Hove East Sussex Hove BN3 5QQ dated 26th July 2021.

9. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.

At 29 February 2024, included in other creditors were £894,644 (2023 £759,679) owed to the participators of the company. No interest has been charged to the company on these amounts due to them.