Registered number: NI681688
RGL Group Ltd
Unaudited
Financial statements
Information for filing with the registrar
For the Period Ended 31 December 2024
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RGL Group Ltd
Registered number: NI681688
Balance Sheet
As at 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 May 2025.
The notes on pages 3 to 6 form part of these financial statements.
Page 1
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RGL Group Ltd
Registered number: NI681688
Balance Sheet (continued)
As at 31 December 2024
Page 2
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RGL Group Ltd
Notes to the Financial Statements
For the Period Ended 31 December 2024
RGL Group Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the Company Information section of these financial statements.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The Directors of RGL Group Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Page 3
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RGL Group Ltd
Notes to the Financial Statements
For the Period Ended 31 December 2024
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 3 (2023 - 3).
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Investments in subsidiary companies
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Page 4
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RGL Group Ltd
Notes to the Financial Statements
For the Period Ended 31 December 2024
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Freehold investment property
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Investment properties were transferred from the subsidiary at fair value as determined by the directors.
If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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Accumulated depreciation and impairments
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Cash and cash equivalents
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Page 5
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RGL Group Ltd
Notes to the Financial Statements
For the Period Ended 31 December 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Allotted, called up and fully paid
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152,725 (2023 - 152,725) 'A' Ordinary Shares shares of £1.00 each
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152,725 (2023 - 152,725) 'B' Ordinary Shares shares of £1.00 each
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152,725 (2023 - 152,725) 'C' Ordinary Shares shares of £1.00 each
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242,825 (2023 - 242,825) 'D' Ordinary Shares shares of £1.00 each
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1 (2023 - 1) 'E' Ordinary Shares share of £1.00
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1 (2023 - 1) 'F' 'Ordinary Shares share of £1.00
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1 (2023 - 1) 'G' 'Ordinary Shares share of £1.00
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1 (2023 - 1) 'H' 'Ordinary Shares share of £1.00
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1 (2023 - 1) 'I' Ordinary Shares share of £1.00
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1 (2023 - 1) 'J' Ordinary Shares share of £1.00
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Page 6
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