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REGISTERED NUMBER: 14839680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 MAY 2023 TO 31 MARCH 2024

FOR

REGO PROPERTY (SOUTHSEA) LIMITED

REGO PROPERTY (SOUTHSEA) LIMITED (REGISTERED NUMBER: 14839680)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 MAY 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REGO PROPERTY (SOUTHSEA) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 2 MAY 2023 TO 31 MARCH 2024







DIRECTORS: Mr A Coleman
Mr R Mellett
Mr P Stewart
Mr F Yeganeh





SECRETARY: Mr A Coleman





REGISTERED OFFICE: The Queens Hotel Clarence Parade
Osborne Road
Portsmouth
Hampshire
PO5 3LJ





REGISTERED NUMBER: 14839680 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

REGO PROPERTY (SOUTHSEA) LIMITED (REGISTERED NUMBER: 14839680)

BALANCE SHEET
31 MARCH 2024

Notes £
CURRENT ASSETS
Work in progress 211,811
Debtors 4 2,102
Cash at bank 20,781
234,694
CREDITORS
Amounts falling due within one year 5 235,600
NET CURRENT LIABILITIES (906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(906

)

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (908 )
(906 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mr F Yeganeh - Director


REGO PROPERTY (SOUTHSEA) LIMITED (REGISTERED NUMBER: 14839680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 MAY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Rego Property (Southsea) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

The financial statements relate to Rego Property (Southsea) as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Work in progress
Work in progress is stated at the lower of cost and net realisable value. Cost comprises direct materials, direct labour costs and those overheads which have been incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing and selling.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Going concern
These financial statements have been prepared on the going concern basis. The directors and shareholders have reviewed the state of the business and confirmed that their support will remain in place, therefore it is the directors opinion that the business remains a going concern.

REGO PROPERTY (SOUTHSEA) LIMITED (REGISTERED NUMBER: 14839680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 MAY 2023 TO 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 2,102

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 30,600
Amounts owed to joint ventures 204,000
Other creditors 1,000
235,600