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REGISTERED NUMBER: 01746847 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30 June 2025

for

Regale Microwave Ovens Limited

Regale Microwave Ovens Limited (Registered number: 01746847)






Contents of the Financial Statements
For The Year Ended 30 June 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regale Microwave Ovens Limited

Company Information
For The Year Ended 30 June 2025







DIRECTORS: B Clark
C L Matkin
I Phillips





REGISTERED OFFICE: 140 Ordnance Business Park
Aerodrome Road
Gosport
Hampshire
PO13 0FG





REGISTERED NUMBER: 01746847 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Regale Microwave Ovens Limited (Registered number: 01746847)

Balance Sheet
30 June 2025

30.6.25 30.6.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 849,967 762,332

CURRENT ASSETS
Stocks 327,238 343,052
Debtors 6 562,168 643,487
Investments 7 446 343
Cash at bank and in hand 233,370 218,335
1,123,222 1,205,217
CREDITORS
Amounts falling due within one year 8 393,321 552,654
NET CURRENT ASSETS 729,901 652,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,868

1,414,895

PROVISIONS FOR LIABILITIES 64,943 33,931
NET ASSETS 1,514,925 1,380,964

CAPITAL AND RESERVES
Called up share capital 264 264
Share premium 26,850 26,850
Revaluation reserve 10 93,184 -
Retained earnings 1,394,627 1,353,850
SHAREHOLDERS' FUNDS 1,514,925 1,380,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

Regale Microwave Ovens Limited (Registered number: 01746847)

Balance Sheet - continued
30 June 2025


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 19 August 2025 and were signed on its behalf by:





I Phillips - Director


Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements
For The Year Ended 30 June 2025

1. STATUTORY INFORMATION

Regale Microwave Ovens 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Regale Microwave Ovens Limited expects to continue trading into the foreseeable future and there are no material concerns or expected financial impediments to continued trading and the company remains in strong position with adequate financial resources to continue trading.

Significant judgements and estimates
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year.

The nature of estimation is such though that actual outcomes could differ significantly from those estimates.

Valuation of land and buildings
As described in note 6, land and buildings are stated at fair value based on the valuation performed by an independent professional valuer, Cyan Power Limited with recent experience in the location and category of property that it valued. The valuer used observable market prices adjusted as necessary for any difference in the location or condition of the specific asset.

There are no other judgements or sources of estimation or uncertainty that have had a significant impact on amounts recognised in the financial statements.

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.
Freehold property - Straight line over 50 years
Improvements to property - Straight line over 25 years
Plant and machinery - 10% on cost
Fixtures and equipment - 25% reducing balance basis and 10% on cost
Motor vehicles - 20% reducing balance basis
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 July 2024 611,514 12,881 216,633
Additions - 5,660 4,696
Disposals - - -
Revaluations 112,216 - -
Reclassification/transfer (3,730 ) - -
At 30 June 2025 720,000 18,541 221,329
DEPRECIATION
At 1 July 2024 12,030 300 122,250
Charge for year 14,490 742 22,133
Eliminated on disposal - - -
Revaluation adjustments (12,030 ) - -
At 30 June 2025 14,490 1,042 144,383
NET BOOK VALUE
At 30 June 2025 705,510 17,499 76,946
At 30 June 2024 599,484 12,581 94,383

Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2024 84,527 50,656 1,322 977,533
Additions 8,631 385 2,712 22,084
Disposals (18,126 ) - - (18,126 )
Revaluations - - - 112,216
Reclassification/transfer 3,730 - - -
At 30 June 2025 78,762 51,041 4,034 1,093,707
DEPRECIATION
At 1 July 2024 53,979 26,572 70 215,201
Charge for year 9,094 4,894 807 52,160
Eliminated on disposal (11,591 ) - - (11,591 )
Revaluation adjustments - - - (12,030 )
At 30 June 2025 51,482 31,466 877 243,740
NET BOOK VALUE
At 30 June 2025 27,280 19,575 3,157 849,967
At 30 June 2024 30,548 24,084 1,252 762,332

Included in cost or valuation of land and buildings is freehold land of £ 10,000 (2024 - £ 10,000 ) which is not depreciated.

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2025 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2025 112,216 - -
Cost 607,784 18,541 221,329
720,000 18,541 221,329

Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
Valuation in 2025 - - - 112,216
Cost 78,762 51,041 4,034 981,491
78,762 51,041 4,034 1,093,707

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.25 30.6.24
£    £   
Cost 607,784 611,514
Aggregate depreciation 24,061 12,030

Value of land in freehold land and buildings 10,000 10,000

Freehold land and buildings were valued on an open market basis on 30 June 2025 by Cyan Power Limited .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Trade debtors 493,743 550,355
Other debtors 31,322 20,859
Tax - 11,971
Prepayments 37,103 60,302
562,168 643,487

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2025

7. CURRENT ASSET INVESTMENTS
30.6.25 30.6.24
£    £   
Listed investments 446 343
Market value of listed investments at 30 June 2025 - £ 446 (2024 - £ 343 ).

Current asset investments relate to listed investments which are measured at fair value with gains or losses through profit and loss. Fair values are measured at the market value of the shares on the London Stock Exchange as at the balance sheet date.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Trade creditors 202,433 352,578
Tax 34,282 43,287
Social security and other taxes 4,482 4,585
VAT 29,438 13,219
Other creditors 30,304 57,132
Pension contributions payable 820 103
Directors' current accounts - 56,026
Accrued expenses 91,562 25,724
393,321 552,654

9. FINANCIAL INSTRUMENTS

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

10. RESERVES
Revaluation
reserve
£   
Revaluation 93,184

At 30 June 2025 93,184

11. OTHER FINANCIAL COMMITMENTS

At 30 June 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £76,484 (2024: £96,596).