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REGISTERED NUMBER: 13392076 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REGENT BY CITYSTAY LIMITED

REGENT BY CITYSTAY LIMITED (REGISTERED NUMBER: 13392076)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGENT BY CITYSTAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N A Fernandez
A M Fernandez
D K Fitzhenry
K E Goodsell
K M Hill





REGISTERED OFFICE: 2 Nuffield Close
Cambridge
Cambridgeshire
CB4 1SS





REGISTERED NUMBER: 13392076 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

REGENT BY CITYSTAY LIMITED (REGISTERED NUMBER: 13392076)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 493,984 546,866

CURRENT ASSETS
Debtors 6 343,887 297,991
Cash at bank 54,659 73,047
398,546 371,038
CREDITORS
Amounts falling due within one year 7 (774,751 ) (994,308 )
NET CURRENT LIABILITIES (376,205 ) (623,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,779 (76,404 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,679 (76,504 )
117,779 (76,404 )

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

REGENT BY CITYSTAY LIMITED (REGISTERED NUMBER: 13392076)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





K M Hill - Director


REGENT BY CITYSTAY LIMITED (REGISTERED NUMBER: 13392076)

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

1. STATUTORY INFORMATION

Regent by Citystay Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the provision of apartment, hotel income , excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

REGENT BY CITYSTAY LIMITED (REGISTERED NUMBER: 13392076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 569,384 47,824 617,208
Additions 13,612 - 13,612
Disposals - (1,695 ) (1,695 )
At 31 March 2024 582,996 46,129 629,125
DEPRECIATION
At 1 April 2023 60,314 10,028 70,342
Charge for year 57,959 7,151 65,110
Eliminated on disposal - (311 ) (311 )
At 31 March 2024 118,273 16,868 135,141
NET BOOK VALUE
At 31 March 2024 464,723 29,261 493,984
At 31 March 2023 509,070 37,796 546,866

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,200 4,534
Other debtors 335,687 293,457
343,887 297,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,047 17,120
Taxation and social security 19,690 7,997
Other creditors 718,014 969,191
774,751 994,308

8. LEASING AGREEMENTS
The total future minimum lease payments under non-cancellable operating lease agreements are £2,610,478 (2023: £2,887,500)