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REGISTERED NUMBER: 02328355 (England and Wales)






Regent Management Limited

Financial Statements

for the Year Ended 30 December 2023






Regent Management Limited (Registered number: 02328355)

Contents of the Financial Statements
for the year ended 30 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regent Management Limited

Company Information
for the year ended 30 December 2023







DIRECTOR: Mr D R Paul





SECRETARY: Mrs C A Paul





REGISTERED OFFICE: The North Chapel
Ashlands Road
Ilkley
West Yorkshire
LS29 8JT





REGISTERED NUMBER: 02328355 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Regent Management Limited (Registered number: 02328355)

Balance Sheet
30 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11,299 14,257
Investments 5 1 1
11,300 14,258

CURRENT ASSETS
Debtors 6 106,620 819,374
Cash at bank 357,251 306,315
463,871 1,125,689
CREDITORS
Amounts falling due within one year 7 53,026 83,418
NET CURRENT ASSETS 410,845 1,042,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,145

1,056,529

Regent Management Limited (Registered number: 02328355)

Balance Sheet - continued
30 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Retained earnings 418,145 1,052,529
SHAREHOLDERS' FUNDS 422,145 1,056,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 September 2024 and were signed by:





Mr D R Paul - Director


Regent Management Limited (Registered number: 02328355)

Notes to the Financial Statements
for the year ended 30 December 2023


1. STATUTORY INFORMATION

Regent Management 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and furniture - 15% on reducing balance
Computer equipment - 33% on cost

Fixed assets are initially recorded at cost.

Government grants
Grants receivable in relation to revenue expenditure are credited to the profit and loss account in the period to which they relate.

Grants received in relation to capital expenditure are initially recorded as deferred grants and then credited to the profit and loss account over the useful economic life of the assets to which they relate.

Investments in subsidiaries
Investments are initially recorded at cost with consideration taken for any diminution in value which is expected to be permanent.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Regent Management Limited (Registered number: 02328355)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other operating income
Other income represents other services provided to tenants by the company net of VAT and discounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Regent Management Limited (Registered number: 02328355)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


4. TANGIBLE FIXED ASSETS
Equipment
and Computer
furniture equipment Totals
£ £ £
COST
At 31 December 2022 49,300 12,302 61,602
Disposals (32,307 ) (8,415 ) (40,722 )
Reclassification/transfer (13,545 ) 13,545 -
At 30 December 2023 3,448 17,432 20,880
DEPRECIATION
At 31 December 2022 35,078 12,267 47,345
Charge for year 1,994 17 2,011
Eliminated on disposal (31,378 ) (8,397 ) (39,775 )
Reclassification/transfer (3,759 ) 3,759 -
At 30 December 2023 1,935 7,646 9,581
NET BOOK VALUE
At 30 December 2023 1,513 9,786 11,299
At 30 December 2022 14,222 35 14,257

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 31 December 2022
and 30 December 2023 1
NET BOOK VALUE
At 30 December 2023 1
At 30 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 3,175 34,635
Amounts owed by group undertakings - 675,814
Other debtors 27,497 2,921
Loan to managed properties 13,758 6,500
Loan to pension scheme - 31,375
Prepayments 62,190 68,129
106,620 819,374

Regent Management Limited (Registered number: 02328355)

Notes to the Financial Statements - continued
for the year ended 30 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 7,750 -
Amounts owed to group undertakings 20,337 -
Corporation tax 11,748 8,178
VAT 4,006 3,600
Other creditors 1,851 56,100
Accruals and deferred income 7,334 15,540
53,026 83,418

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 7,621 7,621
Between one and five years 1,270 8,891
8,891 16,512

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
4,000 Ordinary £1 4,000 4,000

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.