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REGISTERED NUMBER: 05635672 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

REGALPOINT PROPERTIES (EDENBRIDGE) LTD

REGALPOINT PROPERTIES (EDENBRIDGE) LTD (REGISTERED NUMBER: 05635672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REGALPOINT PROPERTIES (EDENBRIDGE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: G S Shaw
Mrs A Shaw





REGISTERED OFFICE: Follers Manor
Seaford Road
Alfriston
East Sussex
BN26 5TT





REGISTERED NUMBER: 05635672 (England and Wales)





ACCOUNTANTS: Numis Limited
1st Floor Pentagon House
Wealden Ind Estate
Farningham Road
Crowborough
East Sussex
TN6 2JR

REGALPOINT PROPERTIES (EDENBRIDGE) LTD (REGISTERED NUMBER: 05635672)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,225,000 1,225,000

CURRENT ASSETS
Debtors 5 2 2

CREDITORS
Amounts falling due within one year 6 1,026,410 1,026,410
NET CURRENT LIABILITIES (1,026,408 ) (1,026,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,592

198,592

PROVISIONS FOR LIABILITIES 8 56,250 56,250
NET ASSETS 142,342 142,342

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 168,750 168,750
Retained earnings (26,410 ) (26,410 )
SHAREHOLDERS' FUNDS 142,342 142,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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:




G S Shaw - Director


REGALPOINT PROPERTIES (EDENBRIDGE) LTD (REGISTERED NUMBER: 05635672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Regalpoint Properties (Edenbridge) 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,225,000
NET BOOK VALUE
At 30 June 2024 1,225,000
At 30 June 2023 1,225,000

REGALPOINT PROPERTIES (EDENBRIDGE) LTD (REGISTERED NUMBER: 05635672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 225,000
Cost 1,000,000
1,225,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 2 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 1,000,190 1,000,190
Accrued expenses 26,220 26,220
1,026,410 1,026,410

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Sagemaster Components Ltd 1,000,000 1,000,000

A loan of £1,000,000 from Sagemaster Components Ltd is secured against land & property at "The Granary", Edenbridge.

In 2008 Sagemaster Components Ltd took full economic possession of the property and receives all economic benefit from the property as Mortgagee in Possession.

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax (Fair value gain) 56,250 56,250

Deferred
tax
£   
Balance at 1 July 2023 56,250
Fair value (Investment Prop)
Balance at 30 June 2024 56,250

REGALPOINT PROPERTIES (EDENBRIDGE) LTD (REGISTERED NUMBER: 05635672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 168,750

10. RELATED PARTY DISCLOSURES

Sagemaster Components Limited (a company controlled by Mr & Mrs Shaw) has loaned funds in earlier periods totalling £1,000,190 and this sum remains outstanding at 30 June 2024.
Sagemaster Components Ltd has taken economic possession of what remains of the developed property as "mortgagee in possession" in order to safeguard it's investment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G S Shaw.