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REGISTERED NUMBER: 10277458 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Regent Street Advisers Ltd

Regent Street Advisers Ltd (Registered number: 10277458)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regent Street Advisers Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr D Chilvers
Mr M R M Marsh





REGISTERED OFFICE: The Business Village
Innovation Way
Wilthorpe
Barnsley
South Yorkshire
S75 1JL





REGISTERED NUMBER: 10277458 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Regent Street Advisers Ltd (Registered number: 10277458)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 455,867 482,167
Tangible assets 6 8,288 6,097
464,155 488,264

CURRENT ASSETS
Debtors 7 22,553 32,645
Cash at bank and in hand 89,036 62,037
111,589 94,682
CREDITORS
Amounts falling due within one year 8 177,532 152,723
NET CURRENT LIABILITIES (65,943 ) (58,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,212

430,223

CREDITORS
Amounts falling due after more than one
year

9

(325,339

)

(370,267

)

PROVISIONS FOR LIABILITIES (1,891 ) (1,361 )
NET ASSETS 70,982 58,595

CAPITAL AND RESERVES
Called up share capital 12 45 45
Capital redemption reserve 55 55
Retained earnings 70,882 58,495
SHAREHOLDERS' FUNDS 70,982 58,595

Regent Street Advisers Ltd (Registered number: 10277458)

Balance Sheet - continued
31 July 2024


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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr M R M Marsh - Director


Regent Street Advisers Ltd (Registered number: 10277458)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Regent Street Advisers Ltd 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 and functional 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 on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - straight line over 3 years

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Regent Street Advisers Ltd (Registered number: 10277458)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 526,000
AMORTISATION
At 1 August 2023 43,833
Charge for year 26,300
At 31 July 2024 70,133
NET BOOK VALUE
At 31 July 2024 455,867
At 31 July 2023 482,167

Regent Street Advisers Ltd (Registered number: 10277458)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 8,085
Additions 4,734
At 31 July 2024 12,819
DEPRECIATION
At 1 August 2023 1,988
Charge for year 2,543
At 31 July 2024 4,531
NET BOOK VALUE
At 31 July 2024 8,288
At 31 July 2023 6,097

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,062 11,313
Other debtors 6,491 21,332
22,553 32,645

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,188 5,188
Taxation and social security 25,405 27,528
Other creditors 146,939 120,007
177,532 152,723

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,297 33,615
Other creditors 297,042 336,652
325,339 370,267

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 8,182 13,500
8,182 13,500

Regent Street Advisers Ltd (Registered number: 10277458)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 571 478
Between one and five years 1,856 -
2,427 478

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 260,917 205,392

The loans are secured by personal guarantees provided by the company's directors.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A Shares £1 25 25
15 Ordinary B Shares £1 15 15
5 Ordinary C Shares £1 5 5
45 45