Acorah Software Products - Accounts Production 16.5.460 false true false 31 October 2023 31 October 2024 31 October 2024 15249640 Mr Anthony Christofis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15249640 2023-10-30 15249640 2024-10-31 15249640 2023-10-31 2024-10-31 15249640 frs-core:CurrentFinancialInstruments 2024-10-31 15249640 frs-core:ShareCapital 2024-10-31 15249640 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 15249640 frs-bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-31 15249640 frs-bus:FilletedAccounts 2023-10-31 2024-10-31 15249640 frs-bus:SmallEntities 2023-10-31 2024-10-31 15249640 frs-bus:AuditExempt-NoAccountantsReport 2023-10-31 2024-10-31 15249640 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-31 15249640 frs-core:CostValuation 2023-10-30 15249640 frs-core:AdditionsToInvestments 2024-10-31 15249640 frs-core:CostValuation 2024-10-31 15249640 frs-core:ProvisionsForImpairmentInvestments 2023-10-30 15249640 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 15249640 frs-bus:Director1 2023-10-31 2024-10-31 15249640 frs-countries:EnglandWales 2023-10-31 2024-10-31
Registered number: 15249640
Regent Gate Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15249640
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 532,476
Investments 5 1
532,477
CURRENT ASSETS
Debtors 6 2,534
Cash at bank and in hand 129
2,663
Creditors: Amounts Falling Due Within One Year 7 (567,429 )
NET CURRENT ASSETS (LIABILITIES) (564,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,289 )
NET LIABILITIES (32,289 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (32,389 )
SHAREHOLDERS' FUNDS (32,289)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Christofis
Director
30/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Regent Gate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15249640 . The registered office is Dukes Court, 91 Wellington Street, Luton, LU1 5AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
There are no significant judgements or estimates involved in the preparation of the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
2.6. Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
Page 2
Page 3
4. Investment Property
2024
£
Fair Value
As at 31 October 2023 -
Additions 532,476
As at 31 October 2024 532,476
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024
£
Cost 462,976
5. Investments
Subsidiaries
£
Cost or Valuation
As at 31 October 2023 -
Additions 1
As at 31 October 2024 1
Provision
As at 31 October 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 1
As at 31 October 2023 -
6. Debtors
2024
£
Due within one year
Amounts owed by group undertakings 2,534
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 7,579
Bank loans and overdrafts 340,000
Other creditors 219,850
567,429
Page 3
Page 4
8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.
2024
£
Bank loans and overdrafts 340,000
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
Included in other creditors is an amount of £180,500 owed to the director. The amount is interest free and repayable on demand.
Included in other creditors is an amount of £38,150 owed to a connected company under a common directorship. The amount is interest free and repayable on demand.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 4