AHK Regal Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12179059 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AHK REGAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Dr B M Ko

Dr N N Yi

REGISTERED OFFICE:

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

REGISTERED NUMBER:

12179059 (England and Wales)

ACCOUNTANTS:

Beyond Accounting Limited

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

FIXED ASSETS

Investment property

4

457,000

493,000

CURRENT ASSETS

Debtors

5

2,050

Cash at bank and in hand

20,348

12,170

22,398

14,220

CREDITORS

Amounts falling due within one year

6

32,954

32,924

NET CURRENT LIABILITIES

(10,556

)

(18,704

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

446,444

474,296

CREDITORS

Amounts falling due after more than one year

7

499,890

NET LIABILITIES

(53,446

)

(25,594

)

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

9

-

(8,287

)

Retained earnings

(53,546

)

(17,407

)

SHAREHOLDERS' FUNDS

(53,446

)

(25,594

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 5 September 2025 and were signed on its behalf by:

Dr B M Ko - Director

1.	STATUTORY INFORMATION

Ahk Regal Ltd 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.

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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's directors and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

493,000

Revaluations

(36,000

)

At 31 December 2024

457,000

NET BOOK VALUE

At 31 December 2024

457,000

At 31 December 2023

493,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

(21,286

)

Valuation in 2023

13,000

Valuation in 2024

(36,000

)

Cost

501,286

457,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

2,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other loans

20,000

Other creditors

2,400

Directors' current accounts

9,714

Accruals

840

810

32,954

32,924

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other loans more 5yrs

369,890

Directors' loan accounts

130,000

499,890

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs

369,890

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Other loans

389,890

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

(8,287

)

Deficit on revaluation of

investment property

8,287

At 31 December 2024

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ahk Regal Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ahk Regal Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ahk Regal Ltd and state those matters that we have agreed to state to the Board of Directors of Ahk Regal Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ahk Regal Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ahk Regal Ltd. You consider that Ahk Regal Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ahk Regal Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beyond Accounting Limited

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

5 September 2025