Regent Level Limited Accounts






Regent Level Limited

	Company No. 11740722
		Information for Filing with The Registrar
		30 December 2024

at	30 December 2024
Company No.		11740722	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	17,647	23,516
	Investment property		5	3,662,332	3,662,332

				3,679,979	3,685,848
Current assets

	Debtors		6	37,767	6,339

	Cash at bank and in hand			4,800	2,136
				42,567	8,475
Creditors: Amount falling due within one year			7	(1,102,339)	(1,030,191)
Net current liabilities				(1,059,772)	(1,021,716)
Total assets less current liabilities				2,620,207	2,664,132
Creditors: Amounts falling due after more than one year			8	(592,270)	(657,658)
Provisions for liabilities
	Deferred taxation			(500,182)	(583,996)

Net assets				1,527,755	1,422,478

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		11	1,527,753	1,422,476

Total equity				1,527,755	1,422,478



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 September 2025 and signed on its behalf by:
J. Connolly
Director
29 September 2025

for the year ended 30 December 2024

General information

Regent Level Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11740722

Its registered office is:

Its trading address is:

F38 & F39 Cheadle Place

The Place

Stockport Road

Mill Lane

Cheadle

Alderley Edge

Cheshire

SK8 2GL

SK9 7TY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the Rent received or receivable under the terms of commercial leases net of value added tax.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 31 December 2023	8,750	32,350	6,879	47,979




		At 30 December 2024	8,750	32,350	6,879	47,979
		Depreciation
		At 31 December 2023	4,546	15,670	4,247	24,463
		Charge for the year	1,051	4,170	648	5,869



		At 30 December 2024	5,597	19,840	4,895	30,332
		Net book values
		At 30 December 2024	3,153	12,510	1,984	17,647
		At 30 December 2023	4,204	16,680	2,632	23,516

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 31 December 2023	3,662,332



		At 30 December 2024	3,662,332

6	Debtors
			2024	2023
			£	£




		VAT recoverable	-	4,743

		Other debtors	36,545	-
		Prepayments and accrued income	1,222	1,596
			37,767	6,339

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	34,600	27,811




		Taxes and social security	4,245	-
		Loans from directors	794,284	777,381
		Other creditors	269,210	224,999

			1,102,339	1,030,191

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£

		Bank loans and overdrafts	592,270	657,658






			592,270	657,658

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	596,118	648,482

			596,118	648,482

		The bank loans are secured by a fixed charge over the companys Freehold Investment Property.

9	Creditors: secured liabilities
			2024	2023
			£	£
		The aggregate amount of secured liabilities included within creditors	596,118	648,482

Share Capital

2 Ordinary Shares of £1 each fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.