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REGENCY ESTATES (EUROPE) LIMITED

Registered Number
04439804
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

REGENCY ESTATES (EUROPE) LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Christina Ann Thornton

Company Secretary

Alison Lesley Jewers

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

04439804 (England and Wales)
REGENCY ESTATES (EUROPE) LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets397121
Investment property4523,000437,376
523,097437,497
Current assets
Debtors541,14241,232
Cash at bank and on hand5,31550,842
46,45792,074
Creditors amounts falling due within one year6(57,954)(57,597)
Net current assets (liabilities)(11,497)34,477
Total assets less current liabilities511,600471,974
Creditors amounts falling due after one year7(306,444)(306,703)
Provisions for liabilities8-(17,049)
Net assets205,156148,222
Capital and reserves
Called up share capital100100
Profit and loss account205,056148,122
Shareholders' funds205,156148,222
The financial statements were approved and authorised for issue by the Director on 18 February 2025, and are signed on its behalf by:
Christina Ann Thornton
Director
Registered Company No. 04439804
REGENCY ESTATES (EUROPE) LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 June 2310,33110,331
At 31 May 2410,33110,331
Depreciation and impairment
At 01 June 2310,21010,210
Charge for year2424
At 31 May 2410,23410,234
Net book value
At 31 May 249797
At 31 May 23121121
4.Investment property

£
Fair value at 01 June 23437,376
Fair value adjustments85,624
At 31 May 24523,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors41,14241,142
Prepayments and accrued income-90
Total41,14241,232
6.Creditors: amounts due within one year

2024

2023

££
Other creditors44,20929,703
Accrued liabilities and deferred income13,74527,894
Total57,95457,597
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts306,444306,703
Total306,444306,703
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-17,049
Total-17,049