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Logo On Report
Registered Number: 08519192
England and Wales

 

 

 

REGAL MARKETING SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Regal Marketing Solutions Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Regal Marketing Solutions Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Regal Marketing Solutions Limited , as a body, in accordance with the terms of our engagement letter dated 28 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Regal Marketing Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Regal Marketing Solutions Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regal Marketing Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Regal Marketing Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Regal Marketing Solutions Limited. You consider that Regal Marketing Solutions Limited is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of Regal Marketing Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

T and K Accountancy LLP

69 Banstead Road
Carshalton
SM5 3NP
28 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 1,500,001    1 
1,500,001    1 
Current assets      
Debtors: amounts falling due within one year 742,395    568,994 
Cash at bank and in hand 102,016    158,382 
844,411    727,376 
Creditors: amount falling due within one year (294,536)   (357,529)
Net current assets 549,875    369,847 
 
Total assets less current liabilities 2,049,876    369,848 
Creditors: amount falling due after more than one year (1,500,001)   (1)
Net assets 549,875    369,847 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 549,775    369,747 
Shareholders' funds 549,875    369,847 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 March 2025 and were signed on its behalf by:


-------------------------------
Mr Parminder Singh DOSANJH
Director
2
General Information
Regal Marketing Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08519192, registration address 7-9 Stafford Road, Wallington, Surrey, SM6 9AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of services supplied by the company, after trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 1    1 
Additions 1,500,000    1,500,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 1,500,001    1,500,001 
Basis of Valuation
Investments in subsidiaries are stated at cost less any provision for impairment. The directors have reviewed the carrying value of the investments and are satisfied that no impairment is required as at the reporting date.

4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Monarch Partnership Ltd282,480 (282,480)
Welcome Energy Ltd(100,000)230,191 330,191 

Included within Amount Owed by Participating Interests due to Monarch Partnership Ltd, a company in which some of the directors of Regal Marketing Ltd are directors.
Included within Amount Owed by Group Undertakings due from Welcome Energy Ltd, a company under the control of Regal Marketing Ltd.
6.

Exemption from consolidation accounts

Under Section 399(2) of the Companies Act 2006, this group is exempt from preparing consolidated financial statements, as it qualifies as a small group.
3