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REGISTERED NUMBER: 04099269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

REGNUM ESTATES LIMITED

REGNUM ESTATES LIMITED (REGISTERED NUMBER: 04099269)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REGNUM ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R A Deavall BA (Hons) BSc (Hons)
Dr T Deavall





SECRETARY: R A Deavall BA (Hons) BSc (Hons)





REGISTERED OFFICE: 35 Harberton Crescent
Chichester
West Sussex
PO19 5NY





REGISTERED NUMBER: 04099269 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

REGNUM ESTATES LIMITED (REGISTERED NUMBER: 04099269)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 547,000 1,200,000

CURRENT ASSETS
Prepayments and accrued income 621 966
Cash at bank 132,997 21,366
133,618 22,332
CREDITORS
Amounts falling due within one year 5 51,309 640,136
NET CURRENT ASSETS/(LIABILITIES) 82,309 (617,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,309

582,196

PROVISIONS FOR LIABILITIES 2,899 8,859
NET ASSETS 626,410 573,337

CAPITAL AND RESERVES
Called up share capital 100 100
Non- distributable reserves 61,692 202,719
Retained earnings 564,618 370,518
SHAREHOLDERS' FUNDS 626,410 573,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





R A Deavall BA (Hons) BSc (Hons) - Director


REGNUM ESTATES LIMITED (REGISTERED NUMBER: 04099269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Regnum Estates Limited 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.

The presentational currency of the financial statements is in Pound Sterling (£) which is rounded to the nearest pound (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the gross invoiced sales of services, as the company is not registered for value added tax.

Rents received represents rents receivable, recognised on a time basis, for management charges.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Depreciation is not provided in respect of such freehold investment properties. This policy represents a departure from statutory accounting principles, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

REGNUM ESTATES LIMITED (REGISTERED NUMBER: 04099269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,200,000
Disposals (665,000 )
Revaluations 12,000
At 31 October 2024 547,000
NET BOOK VALUE
At 31 October 2024 547,000
At 31 October 2023 1,200,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2014 87,849
Valuation in 2016 60,215
Valuation in 2017 13,000
Valuation in 2018 7,000
Valuation in 2019 5,000
Valuation in 2020 (11,000 )
Valuation in 2021 76,000
Valuation in 2022 20,000
Valuation in 2023 (46,485 )
Valuation in 2024 (146,987 )
Cost 482,408
547,000

Investment properties were valued on an open market basis as at 31 October 2024 by R A Deavall BA (Hons) BSc (Hons) MRICS, a director of Regnum Estates Limited.

Should the investment properties be sold at their present carrying value, there would be additional corporation tax liability arising of £2,899. This is based on current tax rates and has been provided for and included within the non distributable reserve.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 23,159 8,011
Other creditors 28,150 632,125
51,309 640,136

REGNUM ESTATES LIMITED (REGISTERED NUMBER: 04099269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Directors loans 26,000 630,000

The directors loans are secured on the investment properties owned by the company.