| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 30 June 2025 |
| for |
| Regale Microwave Ovens Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| Disposals |
| Revaluations |
| Reclassification/transfer | ( |
) |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal |
| Revaluation adjustments | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| Fixtures |
| and | Motor | Computer |
| equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| Reclassification/transfer |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| Revaluation adjustments | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 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 |
| Other debtors |
| Tax |
| Prepayments |
| 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 |
| Tax |
| Social security and other taxes |
| VAT | 29,438 | 13,219 |
| Other creditors |
| Pension contributions payable | 820 | 103 |
| Directors' current accounts | - | 56,026 |
| Accrued expenses |
| 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 |
| 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). |