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REGISTERED NUMBER: 12696537 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

REGENCYFX LTD

REGENCYFX LTD (REGISTERED NUMBER: 12696537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REGENCYFX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Dyer
S Pritchard





REGISTERED OFFICE: Regency Fx
Second Floor
22 Lemon Street
TRURO
Cornwall
TR1 2LS





REGISTERED NUMBER: 12696537 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

REGENCYFX LTD (REGISTERED NUMBER: 12696537)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 626 3,444

CURRENT ASSETS
Cash at bank 20,168 16,876

CREDITORS
Amounts falling due within one year 5 34,496 5,801
NET CURRENT (LIABILITIES)/ASSETS (14,328 ) 11,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,702

)

14,519

PROVISIONS FOR LIABILITIES 119 -
NET (LIABILITIES)/ASSETS (13,821 ) 14,519

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,921 ) 14,419
(13,821 ) 14,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





A Dyer - Director


REGENCYFX LTD (REGISTERED NUMBER: 12696537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

REGENCYFX 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.

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.

The accounts have been prepared on a going concern basis. This is due to the company having the full continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, 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.
Plant and machinery etc - Straight line over 5 years and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

REGENCYFX LTD (REGISTERED NUMBER: 12696537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 4,734
Additions 190
At 30 June 2024 4,924
DEPRECIATION
At 1 July 2023 1,290
Charge for year 3,008
At 30 June 2024 4,298
NET BOOK VALUE
At 30 June 2024 626
At 30 June 2023 3,444

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 635 -
Taxation and social security 28,333 2,286
Other creditors 5,528 3,515
34,496 5,801

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were declared in the year in excess of the reserves available within the company. However, when the dividends were declared, they were done so in good faith and based on management account figures which at the time suggested that the necessary reserves were available. It was later realised that these figures were incorrect. The directors will look to ensure this does not happen again in the future.