REGISTERED NUMBER: 10023269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025

FOR

REGENCY ONE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Morris

S Leung

REGISTERED OFFICE:

11 Radinden Drive

Hove

East Sussex

BN3 6LB

REGISTERED NUMBER:

10023269 (England and Wales)

ACCOUNTANTS:

the dt group

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Investment property

4

5,580,684

5,553,042

CURRENT ASSETS

Debtors

5

54,372

95,264

Cash at bank

10,931

12,880

65,303

108,144

CREDITORS

Amounts falling due within one year

6

214,982

254,731

NET CURRENT LIABILITIES

(149,679

)

(146,587

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,431,005

5,406,455

CREDITORS

Amounts falling due after more than one year

7

4,444,240

4,555,369

NET ASSETS

986,765

851,086

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

986,761

851,082

SHAREHOLDERS' FUNDS

986,765

851,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 September 2025 and were signed on its behalf by:

S Leung - Director

1.	STATUTORY INFORMATION

Regency One 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

5,553,042

Additions

27,642

At 28 February 2025

5,580,684

NET BOOK VALUE

At 28 February 2025

5,580,684

At 29 February 2024

5,553,042

Fair value at 28 February 2025 is represented by:

£

Valuation in 2019

224,660

Valuation in 2020

624,525

Valuation in 2021

294,250

Cost

4,437,249

5,580,684

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,728

21,675

Other debtors

37,644

73,589

54,372

95,264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,862

5,662

Trade creditors

152

1,465

Other creditors

208,968

247,604

214,982

254,731

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,653,938

3,660,724

Other creditors

790,302

894,645

4,444,240

4,555,369

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

3,626,786

3,627,657

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,659,800

3,666,386

The legal charge is secured over the property known as unit 17 Seafield Road Hove BN3 2TP dated 25th October 2017.

The legal charge is secured over the property known as unit 18 Seafield Road Hove BN3 2TP dated 30th August 2017.

The legal charge is secured over the property known as unit 2 Raphael Road Hove BN3 5QQ dated 25th March 2020.

The legal charge is secured over the property known as unit 96 Lansdowne Place Hove East Sussex Hove BN3 5QQ dated 26th July 2021.

9.	RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.

At 28 February 2025, included in other creditors were £790,302 (2024 £894,644) owed to the participators of the company. No interest has been charged to the company on these amounts due to them.