Regis 2000 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04106754

Regis 2000 Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Regis 2000 Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investment properties	6	15,515,000	16,035,000
Investments	7	1,356,500	1,260,078
		-------------	-------------
		16,871,500	17,295,078

Current assets

Debtors	8	51,005	78,660
Cash at bank and in hand		184,470	223,363
		---------	---------
		235,475	302,023

Creditors: amounts falling due within one year	9	6,611,851		7,186,142
		------------		------------
Net current liabilities			6,376,376	6,884,119
			-------------	-------------
Total assets less current liabilities			10,495,124	10,410,959

Creditors: amounts falling due after more than one year	10		2,252,750	2,315,750

Provisions

Taxation including deferred tax	364,552	340,373
	-------------	-------------
Net assets	7,877,822	7,754,836
	-------------	-------------

Capital and reserves

Called up share capital	1,000	1,000
Fair value reserve	1,017,375	945,059
Profit and loss account	6,859,447	6,808,777
	------------	------------
Shareholder funds	7,877,822	7,754,836
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Regis 2000 Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr J.S. Kaye
Director

Company registration number: 04106754

Regis 2000 Limited

Notes to the Financial Statements

Year ended 31st December 2024

1. General information

Regis 2000 Limited is a private company limited by shares, registered in England and Wales under registration number 04106754 . The address of the registered office is 382 Caledonian Road, London N1 1DY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Deferred tax

Deferred tax is provided in respect of all timing differences that have originated but not reversed by the balance sheet date and is calculated at the rate at which it is estimated that tax will be payable.

Investment properties

Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. The fair value is determined annually by the director, on an open market value for existing use basis.

Investments in associates

Investment in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive statement of income. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Financial instruments

The Company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

4. Employees

The average number of persons employed by the company during the year, including the director, amounted to:

	2024	2023
	No.	No.
Management staff	1	1
	----	----

5. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	190,734	144,568

Deferred tax:

Origination and reversal of timing differences	24,179	15,962
	---------	---------
Tax on profit	214,913	160,530
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 25 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	337,899	677,312
	---------	---------
Profit on ordinary activities by rate of tax	190,734	144,568
Effect of capital allowances and depreciation	73	89
Effect of revenue exempt from tax	24,106	15,873
	---------	---------
Tax on profit	214,913	160,530
	---------	---------

6. Investment properties

	Freehold Investment Properties
	£
Cost or valuation
At 1st January 2024	16,035,000
Revaluations	( 520,000)
	-------------
At 31st December 2024	15,515,000
	-------------
Carrying amount
At 31st December 2024	15,515,000
	-------------
At 31st December 2023	16,035,000
	-------------

The investment properties were valued by the director at the year end on an open market value for existing use basis.

7. Investments

	Shares in participating interests
	£
Cost or valuation
At 1st January 2024	1,260,078
Revaluation	96,422
	------------
At 31st December 2024	1,356,500
	------------
Impairment
At 1st January 2024 and 31st December 2024	–
	------------

Carrying amount
At 31st December 2024	1,356,500
	------------
At 31st December 2023	1,260,078
	------------

The company holds more than 20% of the share capital in ECH Properties Limited a company incorporated in England and Wales.

8. Debtors

	2024	2023
	£	£
Trade debtors	49,210	78,660
Prepayments and accrued income	1,795	–
	--------	--------
	51,005	78,660
	--------	--------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans	63,000	63,000
Trade creditors	–	1,757
Corporation tax	190,734	144,568
Social security and other taxes	38,912	36,558
Accruals and deferred income	168,338	190,892
Other creditors	6,150,867	6,749,367
	------------	------------
	6,611,851	7,186,142
	------------	------------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans	2,252,750	2,315,750
	------------	------------

The bank loans, which are secured on freehold properties, are repayable in instalments as follows:

Repayable within 2-5 years	2,189,750	2,252,750

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	364,552	340,373
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	25,427	25,353
Fair value adjustment of investment	339,125	315,020
	---------	---------
	364,552	340,373
	---------	---------

12. Fair value reserve

Fair value reserve represents the unrealised surplus on the revaluation of the investment in associate company less the related potential tax liability. The reserves are undistibutable until a surplus is realised from the sale of the investment.

13. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Investments	1,356,500	1,260,080
	------------	------------

14. Related party transactions

Included in other creditors is an amount of £6,111,867 (2023: £6,711,867) owed to the director of the company. The amount is unsecured and interest free.