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REGISTERED NUMBER: 09305426 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REGENT NORTH END PROPERTIES 2 LIMITED

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENT NORTH END PROPERTIES 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M P Raibin
S A Simons
R J Blair





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 09305426 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 2,656 635
Cash at bank 6,040 36,975
8,696 37,610
CREDITORS
Amounts falling due within one year 6 (19,090 ) (35,547 )
NET CURRENT (LIABILITIES)/ASSETS (10,394 ) 2,063
TOTAL ASSETS LESS CURRENT LIABILITIES 1,489,606 1,502,063

CREDITORS
Amounts falling due after more than one year 7 (775,505 ) (825,305 )

PROVISIONS FOR LIABILITIES 8 (107,835 ) (81,954 )
NET ASSETS 606,266 594,804

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 9 439,546 465,426
Retained earnings 9 166,420 129,078
SHAREHOLDERS' FUNDS 606,266 594,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

BALANCE SHEET - continued
31 DECEMBER 2023


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 11 April 2024 and were signed on its behalf by:





R J Blair - Director


REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Regent North End Properties 2 Limited 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.

Turnover
Turnover represents rent received.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,500,000
NET BOOK VALUE
At 31 December 2023 1,500,000
At 31 December 2022 1,500,000

The directors believe that the fair value of the property is correct as at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 2,656 635

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to related party 5,000 -
Taxation and social security 11,576 11,963
Other creditors 2,514 23,584
19,090 35,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to related party 775,505 825,305

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 107,835 81,954

Deferred
tax
£   
Balance at 1 January 2023 81,954
Provided during year 25,881
Balance at 31 December 2023 107,835

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 129,078 465,426 594,504
Profit for the year 11,462 11,462
Deferred tax on
investment properties 25,880 (25,880 ) -
At 31 December 2023 166,420 439,546 605,966

The fair value reserve is non distributable.

REGENT NORTH END PROPERTIES 2 LIMITED (REGISTERED NUMBER: 09305426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £775,505 (2022: £825,305) owed to Regent North End Properties 1 Limited, a company related by common shareholding.

Included in Creditors is an amount of £5,000 (2022: £Nil) owed to Regent North End Properties 3 Limited, a company related by common shareholding.

The related company, Regent North End Properties 1 Limited, has a loan facility with Investec Bank plc which is secured with a fixed charge over the investment property and a debenture over the remaining assets held by Regent North End Properties 2 Limited.