Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3141202 - Construction of domestic buildings2023-06-236false0falsetrue 14955540 2023-06-22 14955540 2023-06-23 2024-03-31 14955540 2022-04-01 2023-06-22 14955540 2024-03-31 14955540 c:Director1 2023-06-23 2024-03-31 14955540 c:Director2 2023-06-23 2024-03-31 14955540 d:CurrentFinancialInstruments 2024-03-31 14955540 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14955540 d:ShareCapital 2024-03-31 14955540 d:RetainedEarningsAccumulatedLosses 2024-03-31 14955540 c:FRS102 2023-06-23 2024-03-31 14955540 c:Audited 2023-06-23 2024-03-31 14955540 c:FullAccounts 2023-06-23 2024-03-31 14955540 c:PrivateLimitedCompanyLtd 2023-06-23 2024-03-31 14955540 c:SmallCompaniesRegimeForAccounts 2023-06-23 2024-03-31 14955540 e:PoundSterling 2023-06-23 2024-03-31 iso4217:GBP xbrli:pure

Company Registration Number:  14955540



















RE:GEN NORTH WEST LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
 31 MARCH 2024


















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RE:GEN NORTH WEST LIMITED
REGISTERED NUMBER: 14955540

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
23,360

Cash at bank and in hand
 5 
28,763

  
52,123

Creditors: amounts falling due within one year
 6 
(334,062)

Net current (liabilities)/assets
  
 
 
(281,939)

Total assets less current liabilities
  
(281,939)

  

Net (liabilities)/assets
  
(281,939)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(281,940)

  
(281,939)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G L Francis
R B Sheridan
Director
Director


Date: 7 October 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
RE:GEN NORTH WEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Re:Gen North West Limited is a private company limited by shares incorporated in England. The address of the registered office and principal place of business is Regen House 3 Azure Court, Doxford International Business Park, Sunderland, England, SR3 3BE.
The company was incorporated on 23 June 2023.
The company's principal activity is the construction of domestic buildings.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

Management and the Directors have considered a period of at least twelve months from the date of sign off when making their assessment with regards to going concern. After consideration of all factors, including review of forecasted future profitability, pipeline of work, and wider economic conditions, the Directors have continued to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Construction Contracts 
When the outcome of a construction contract can be estimated reliably in terms of its stage of completion, future costs to complete and collectability of billings, the group recognises revenue and expenses on the construction contract by reference to the stage of completion of the contract activity at the end of the reporting period. The stage of completion is determined on the basis of the proportion of the contract costs incurred to date over the estimated total costs.
When the outcome of a contract cannot be estimated reliably the group only recognises revenue to the extent of the recoverable contract costs incurred. 

Page 2

 
RE:GEN NORTH WEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
RE:GEN NORTH WEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company 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, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 6.

Page 4

 
RE:GEN NORTH WEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Debtors

2024
£


Trade debtors
16,902

Amounts owed by group undertakings
1

Other debtors
1,400

Deferred taxation
5,057

23,360



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
28,763



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
2,840

Amounts owed to group undertakings
300,522

Other taxation and social security
19,851

Other creditors
2,398

Accruals and deferred income
8,451

334,062


Page 5

 
RE:GEN NORTH WEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024


7.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,525. Contributions totalling £2,398 were payable to the fund at the reporting date.


8.


Controlling party

The company's immediate parent company and the only group to consolidate these financial statements is RE:GEN Group Limited. There is no ultimate controlling party.


9.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 7 October 2024 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 6