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Company Registration No. 11696019 (England and Wales)
Regallite Ltd Unaudited accounts for the year ended 30 November 2023
Regallite Ltd Unaudited accounts Contents
Page
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Regallite Ltd Company Information for the year ended 30 November 2023
Director
Janaksinh Jhala
Company Number
11696019 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
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Regallite Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,646 
307 
Investments
364,435 
233,346 
389,081 
233,653 
Current assets
Debtors
- 
460 
Cash at bank and in hand
23,699 
79,766 
23,699 
80,226 
Creditors: amounts falling due within one year
(82,723)
(54,999)
Net current (liabilities)/assets
(59,024)
25,227 
Total assets less current liabilities
330,057 
258,880 
Creditors: amounts falling due after more than one year
(336,597)
(244,656)
Net (liabilities)/assets
(6,540)
14,224 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(7,540)
13,224 
Shareholders' funds
(6,540)
14,224 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Janaksinh Jhala Director Company Registration No. 11696019
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Regallite Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Regallite Ltd is a private company, limited by shares, registered in England and Wales, registration number 11696019. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on RBM
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
- 
633 
633 
Additions
30,500 
- 
30,500 
At 30 November 2023
30,500 
633 
31,133 
Depreciation
At 1 December 2022
- 
326 
326 
Charge for the year
6,100 
61 
6,161 
At 30 November 2023
6,100 
387 
6,487 
Net book value
At 30 November 2023
24,400 
246 
24,646 
At 30 November 2022
- 
307 
307 
5
Investments
Other investments 
£ 
Valuation at 1 December 2022
233,346 
Additions
131,089 
Valuation at 30 November 2023
364,435 
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Regallite Ltd Notes to the Accounts for the year ended 30 November 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
460 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
16,081 
- 
Other creditors
45,982 
17,829 
Loans from directors
19,260 
36,120 
Accruals
1,400 
1,050 
82,723 
54,999 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
336,597 
244,656 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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