Registration number: 05848756

Regulatory Facilitation Company Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Regulatory Facilitation Company Limited

(Registration number: 05848756)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,123	3,914
Current assets
Debtors	5	126,085	81,220
Cash at bank and in hand		201,856	194,819
		327,941	276,039
Creditors: Amounts falling due within one year	6	(130,460)	(63,546)
Net current assets		197,481	212,493
Net assets		199,604	216,407
Capital and reserves
Called up share capital		132,500	132,500
Retained earnings		67,104	83,907
Shareholders' funds		199,604	216,407

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2025
 

......................................... Ms R Green Director

Regulatory Facilitation Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Group House Southmere Court
Electra Way
Crewe
Cheshire
CW1 6GU

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section
1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in
the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All
monetary amounts are rounded to the nearest £.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 September 2025 was Matthew Geoffrey Price , who signed for and on behalf of Alextra Audit Limited.

Page 2

Regulatory Facilitation Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Judgements and estimates

In the application of the company's accounting policies, the directors are 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 considered to be 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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	straight line over 3 years

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Regulatory Facilitation Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	5,427	5,427
At 31 December 2024	5,427	5,427
Depreciation
At 1 January 2024	1,513	1,513
Charge for the year	1,791	1,791
At 31 December 2024	3,304	3,304
Carrying amount
At 31 December 2024	2,123	2,123
At 31 December 2023	3,914	3,914

Regulatory Facilitation Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Debtors

	2024 £	2023 £
Trade debtors	126,085	78,741
Other debtors	-	2,479
	126,085	81,220

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		52,074	36,187
Amounts owed to related parties	8	50,000	-
Taxation and social security		19,129	17,985
Accruals and deferred income		9,257	9,374
		130,460	63,546

7	Parent and ultimate parent undertaking

The company's immediate parent is C.S.B. GmbH, incorporated in Germany.

 

8	Related party transactions

The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.