2023-01-012023-12-312023-12-31false06033393Regency Estates 1945 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Regency Estates 1945 Limited

Registered Number
06033393
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Regency Estates 1945 Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Mr A Mcintosh
Mr A G Orchard

Registered Address

1a Eddystone Road
Wadebridge
PL27 7AL

Registered Number

06033393 (England and Wales)
Regency Estates 1945 Limited
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets328,18864
28,18864
Current assets
Stocks4816,806816,806
Debtors41,63034,062
Cash at bank and on hand9,5541,981
867,990852,849
Creditors amounts falling due within one year5(585,054)(582,185)
Net current assets (liabilities)282,936270,664
Total assets less current liabilities311,124270,728
Creditors amounts falling due after one year6(145,000)(145,000)
Net assets166,124125,728
Capital and reserves
Called up share capital22
Profit and loss account166,122125,726
Shareholders' funds166,124125,728
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, and are signed on its behalf by:
Mr A G Orchard
Director
Registered Company No. 06033393
Regency Estates 1945 Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 January 23-6,3506,350
Additions28,141-28,141
At 31 December 2328,1416,35034,491
Depreciation and impairment
At 01 January 23-6,2866,286
Charge for year-1717
At 31 December 23-6,3036,303
Net book value
At 31 December 2328,1414728,188
At 31 December 22-6464
4.Stocks

2023

2022

££
Work in progress816,806816,806
Total816,806816,806
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security9,4968,037
Other creditors574,694573,344
Accrued liabilities and deferred income864804
Total585,054582,185
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors145,000145,000
Total145,000145,000