REGISTERED NUMBER: |
Financial Statements |
for the period |
2 June 2023 to 31 December 2023 |
for |
Regal Vacation UK Holdings Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the period |
2 June 2023 to 31 December 2023 |
for |
Regal Vacation UK Holdings Ltd |
Regal Vacation UK Holdings Ltd (Registered number: 14910353) |
Contents of the Financial Statements |
for the period 2 June 2023 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Regal Vacation UK Holdings Ltd |
Company Information |
for the period 2 June 2023 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Warden House |
37 Manor Road |
Colchester |
Essex |
CO3 3LX |
Regal Vacation UK Holdings Ltd (Registered number: 14910353) |
Balance Sheet |
31 December 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
Regal Vacation UK Holdings Ltd (Registered number: 14910353) |
Notes to the Financial Statements |
for the period 2 June 2023 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Regal Vacation UK Holdings Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
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. |
Tangible fixed assets |
Depreciation has not been provided on land and buildings as there is a significant ongoing schedule of maintenance such that the residual value is not expected to fall below cost. |
Buildings are subject to a periodic impairment reviews to ensure this policy remains applicable. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
Regal Vacation UK Holdings Ltd (Registered number: 14910353) |
Notes to the Financial Statements - continued |
for the period 2 June 2023 to 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The Parent company who draws up consolidated financial statements is: |
Name: Karma Asset Holdings Pte Ltd |
Address: 160 Robinson Road, # 18-07 Singapore, 068914 |