Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true22023-04-01falseThe principal activity of the LLP is that of buying and selling properties.2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC433666 2023-04-01 2023-12-31 OC433666 2022-04-01 2023-03-31 OC433666 2023-12-31 OC433666 2023-03-31 OC433666 1 2023-04-01 2023-12-31 OC433666 c:CurrentFinancialInstruments 2023-12-31 OC433666 c:CurrentFinancialInstruments 2023-03-31 OC433666 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC433666 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC433666 d:FRS102 2023-04-01 2023-12-31 OC433666 d:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 OC433666 d:FullAccounts 2023-04-01 2023-12-31 OC433666 d:LimitedLiabilityPartnershipLLP 2023-04-01 2023-12-31 OC433666 2 2023-04-01 2023-12-31 OC433666 d:PartnerLLP2 2023-04-01 2023-12-31 OC433666 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC433666 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC433666 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC433666 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC433666 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: OC433666














REGEN PROPERTIES LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 31 DECEMBER 2023

 
REGEN PROPERTIES LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 6


 
REGEN PROPERTIES LLP
REGISTERED NUMBER:OC433666

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

  

Current assets
  

Stocks
 4 
26,371,218
22,771,555

Debtors: amounts falling due within one year
 5 
2,964,592
1,143,448

Cash at bank and in hand
 6 
226,207
227,580

  
29,562,017
24,142,583

Creditors: Amounts Falling Due Within One Year
 7 
(31,400,058)
(23,837,149)

Net current (liabilities)/assets
  
 
 
(1,838,041)
 
 
305,434

Total assets less current liabilities
  
(1,838,041)
305,434

  

Net (liabilities)/assets
  
(1,838,041)
305,434


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
1,127,967
1,127,967

  
1,127,967
1,127,967

Members' other interests
  

Other reserves classified as equity
  
(2,966,008)
(822,533)

  
 
(2,966,008)
 
(822,533)

  
(1,838,041)
305,434


Total members' interests
  

Loans and other debts due to members
 8 
1,127,967
1,127,967

Members' other interests
  
(2,966,008)
(822,533)

  
(1,838,041)
305,434


1

 
REGEN PROPERTIES LLP
REGISTERED NUMBER:OC433666
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




D C Goldberg on behalf of Regional Square Properties Limited
Designated member

Date: 11 September 2024

The notes on pages 4 to 6 form part of these financial statements.

2

 
REGEN PROPERTIES LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 DECEMBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Amounts due to members 
2,464,500
2,464,500


Balance at 1 April 2022 
(285,002)
(285,002)
2,464,500
2,464,500
2,179,498

Loss for the year available for discretionary division among members
 
(537,531)
(537,531)
-
-
(537,531)

Members' interests after loss for the year
(822,533)
(822,533)
2,464,500
2,464,500
1,641,967

Amounts introduced by members
-
-
1,893,467
1,893,467
1,893,467

Drawings
 
-
-
(3,230,000)
(3,230,000)
(3,230,000)

Amounts due to members
 


1,127,967
1,127,967


Balance at 31 March 2023
(822,533)
(822,533)
1,127,967
1,127,967
305,434

Loss for the period available for discretionary division among members
 
(2,143,475)
(2,143,475)
-
-
(2,143,475)

Members' interests after loss for the year
(2,966,008)
(2,966,008)
1,127,967
1,127,967
(1,838,041)

Amounts due to members
 


1,127,967
1,127,967


Balance at 31 December 2023 
(2,966,008)
(2,966,008)
1,127,967
1,127,967
(1,838,041)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

3

 
REGEN PROPERTIES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Regen Properties LLP is a limited liability partnership, registered in England and Wales, registration number OC433666. The registered office address is 167 Broadhurst Gardens, London, NW6 3AU.
The principal activity of the LLP is that of buying and selling properties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The LLP's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

On the basis of information and enquiries that are pertinent to the LLP's circumstances and which the members believe to be adequate, it is appropriate to continue to treat the LLP as a going concern. In particular the members believe that adequate cash resources will be available to cover the LLP's requirements for working capital for at least twelve months from the date of signing the financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

4

 
REGEN PROPERTIES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The entity has no employees.


4.


Stocks

31 December
31 March
2023
2023
£
£

Work in progress
26,371,218
22,771,555



5.


Debtors

31 December
31 March
2023
2023
£
£


Other debtors
16,848
44,934

Prepayments and accrued income
2,947,744
1,098,514

2,964,592
1,143,448



6.


Cash and cash equivalents

31 December
31 March
2023
2023
£
£

Cash at bank
226,207
227,580


5

 
REGEN PROPERTIES LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

31 December
31 March
2023
2023
£
£

Other loans
31,300,000
23,700,000

Trade creditors
78,742
5,549

Other creditors
3,802
-

Accruals and deferred income
17,514
131,600

31,400,058
23,837,149



8.


Loans and other debts due to members


31 December
31 March
2023
2023
£
£



Other amounts due to members
(1,127,967)
(1,127,967)

Loans and other debts due to members may be further analysed as follows:

31 December
31 March
2023
2023
£
£



Falling due within one year
(1,127,967)
(1,127,967)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Post balance sheet events

After the period end, the LLP sold the property held within stock. 

 
6