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Registered number: 11532931
Regents Place Project Ltd
Unaudited Financial Statements
For the Period 1 September 2022 to 31 March 2023
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr B Smith
Company Number 11532931
Registered Office 86-90 Paul Street
London
EC2A 4NE
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Page 1
Page 2
Balance Sheet
Registered number: 11532931
31 March 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,515,000 3,515,000
3,515,000 3,515,000
CURRENT ASSETS
Stocks 5 2,131,088 926,000
Debtors 6 47,357 65,283
Cash at bank and in hand 4,066 6,510
2,182,511 997,793
Creditors: Amounts Falling Due Within One Year 7 (472,280 ) (515,860 )
NET CURRENT ASSETS (LIABILITIES) 1,710,231 481,933
TOTAL ASSETS LESS CURRENT LIABILITIES 5,225,231 3,996,933
Creditors: Amounts Falling Due After More Than One Year 8 (3,226,671 ) (1,938,336 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (516,250 ) (516,250 )
NET ASSETS 1,482,310 1,542,347
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 1,548,750 1,548,750
Profit and Loss Account (66,442 ) (6,405 )
SHAREHOLDERS' FUNDS 1,482,310 1,542,347
Page 2
Page 3
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B Smith
Director
18/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Regents Place Project Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11532931 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses unless otherwise stated. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Freehold property is measured at fair value as determined on a regular basis. 
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 September 2022 3,515,000
As at 31 March 2023 3,515,000
Net Book Value
As at 31 March 2023 3,515,000
As at 1 September 2022 3,515,000
Page 4
Page 5
5. Stocks
31 March 2023 31 August 2022
£ £
Work in progress 2,131,088 926,000
6. Debtors
31 March 2023 31 August 2022
£ £
Due within one year
Other debtors 47,357 65,283
7. Creditors: Amounts Falling Due Within One Year
31 March 2023 31 August 2022
£ £
Trade creditors - 156,399
Amounts owed to participating interests 469,580 357,461
Other creditors 2,700 2,000
472,280 515,860
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2023 31 August 2022
£ £
Bank loans 3,226,671 1,938,336
Included within creditors: amounts falling due after one year are amounts totalling £3,226,671 (2022: £1,938,336) which are secured against the property held within in the company.
9. Share Capital
31 March 2023 31 August 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
10. Reserves
Revaluation Reserve
£
As at 1 September 2022 1,548,750
As at 31 March 2023 1,548,750
11. Related Party Transactions
At the period end the company owed £469,580 (2022: £357,461) to other participating interests.
The loans are unsecured, interest free and repayable upon demand.
12. Year-End Change
This period is a shorter period than the prior period following a change of year-end to align with other group companies. Prior period comparatives are for a full 12 month period however the current period is for 7 months and therefore the figures are not directly comparable.
Page 6