COMPANY REGISTRATION NUMBER:
04436923
REGIS GROUP HOLDINGS No. 1 LIMITED |
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Unaudited Financial Statements |
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REGIS GROUP HOLDINGS No. 1 LIMITED |
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Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended
31 March 2024
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
29 May 2024
and signed on behalf of the board by:
Registered office: |
16-18 Warrior Square |
Southend-On-Sea |
Essex |
England |
SS1 2WS |
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REGIS GROUP HOLDINGS No. 1 LIMITED |
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Statement of Financial Position |
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31 March 2024
Fixed assets
Investments |
5 |
2,100 |
2,100 |
|
------- |
------- |
Total assets less current liabilities |
2,100 |
2,100 |
|
------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
2,100 |
2,100 |
|
------- |
------- |
Shareholders funds |
2,100 |
2,100 |
|
------- |
------- |
|
|
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These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 May 2024
, and are signed on behalf of the board by:
Company registration number:
04436923
REGIS GROUP HOLDINGS No. 1 LIMITED |
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Notes to the Financial Statements |
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Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16-18 Warrior Square, Southend-On-Sea, Essex, SS1 2WS, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After consideration of the Company's business review and the risks and uncertainties; including the risks related to the current war in Ukraine and cost of living crisis, and having considered the wider Group's forecasts, the directors have a reasonable expectation that the Company will have adequate resources and support from the wider group to continue in operational existence for the foreseeable future, being at least the twelve months from the date of approval of the financial statements. Accordingly, the going concern basis continues to be used in preparing these financial statements.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial assets Financial assets are recognised when the entity becomes a party to the contractual provisions of the financial instrument. The Company does not hold any third party financial assets. Loans and receivables Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are initially recognised at fair value and are subsequently measured using the effective interest method less provision for any impairment. Financial liabilities and equity instruments Financial liabilities and equity are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Other financial liabilities (including borrowing and trade and other payables) are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method.
4.
Employees
There were no contracts of employment in place, including with the directors or key management personnel, during the current or previous period.
5.
Investments
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Shares in group undertakings |
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£ |
Cost |
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At 1 April 2023 and 31 March 2024 |
2,100 |
|
------- |
Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
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------- |
|
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Carrying amount |
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At 31 March 2024 |
2,100 |
|
------- |
At 31 March 2023 |
2,100 |
|
------- |
|
|
6.
Other financial commitments
As at the reporting date, the company had no capital or other commitments or contracts for capital expenditure in place (2021: £nil).
7.
Related party transactions
No transactions were undertaken with related parties as such that are required to be disclosed under FRS 102 Section 1A.
8.
Controlling party
The parent company is
Regis Group (Holdings) Limited
a company incorporated in the UK with a registered office of 16-18 Warrior Square, Southend-On-Sea, Essex, SS1 2WS. Regis Group (Holdings) Limited prepares consolidated accounts which are available to the public at Companies House at Crown Way, Cardiff, CF14 3UZ, DX 33050. This is largest and smallest level at which consolidated accounts are produced. The Company is ultimately controlled by N C Gould and P E Gould by virtue of their interest in the issued share capital of the ultimate parent undertaking, Regis Group (Holdings) Limited, held both directly as individuals and indirectly through Frank Gould 1998 No 1 Settlement of which they are both trustees and beneficiaries.