Registered number
11644173
EPI Regent Ltd
Filleted Accounts
30 June 2024
EPI Regent Ltd
Registered number: 11644173
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 533,545 533,545
Current assets
Debtors 4 221,278 663
Cash at bank and in hand 121,630 1,693
342,908 2,356
Creditors: amounts falling due within one year 5 (360,067) (42,078)
Net current liabilities (17,159) (39,722)
Total assets less current liabilities 516,386 493,823
Creditors: amounts falling due after more than one year 6 (467,100) (448,644)
Provisions for liabilities (23,581) (23,581)
Net assets 25,705 21,598
Capital and reserves
Called up share capital 200 200
Profit and loss account 25,505 21,398
Shareholder's funds 25,705 21,598
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Piper
Director
Approved by the board on 25 March 2025
EPI Regent Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 533,545
At 30 June 2024 533,545
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 533,545
At 30 June 2023 533,545
Freehold land and buildings: 2024 2023
£ £
Historical cost 402,128 402,128
Cumulative depreciation based on historical cost - -
402,128 402,128
4 Debtors 2024 2023
£ £
Corporation tax rebate - 663
Other debtors 221,278 -
221,278 663
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 350,907 38,509
Accruals 1,020 1,065
Director's loan 4,772 -
Other creditors 3,368 2,504
360,067 42,078
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 467,100 448,644
7 Retained earnings
The split of retained earnings between distributable and non-distributable is as follows:
Distributable Non-distributable Total
£ £ £
As at 1 November 2022 (102,712) 124,110 21,398
Profit for financial period 4,107 4,107
Property revaluation movement - -
Interest rate swap adjustment -
Deferred tax on investment property - -
Deferred tax on interest swap -
(98,605) 124,110 25,505
8 Other information
EPI Regent Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Parker House,
44 Stafford Road,
Wallington,
Surrey,
SM6 9AA
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