REGENCY BANQUETING SUITE LLP - Filleted accounts

Registered number

OC449070

REGENCY BANQUETING SUITE LLP

Filleted Accounts

31 March 2025

REGENCY BANQUETING SUITE LLP
Registered number:		OC449070
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	51,334		-
Current assets
Cash at bank and in hand		164,961		-

Creditors: amounts falling due within one year	4	(212,916)		-

Net current liabilities		(47,955)		-

Total assets less current liabilities		3,379		-



Net assets attributable to members		3,379		-

Represented by:
Loans and other debts due to members	5	(134,400)		-

Members' other interests
Other reserves		137,779		-

		3,379		-

Total members' interests
Loans and other debts due to members	5	(134,400)		-
Members' other interests		137,779		-

		3,379		-

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 7 September 2025 and signed on their behalf by:


Mr T Mustafa
Designated member

REGENCY BANQUETING SUITE LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the LLP		3		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				56,000
	At 31 March 2025				56,000

	Depreciation
	Charge for the year				4,666
	At 31 March 2025				4,666

	Net book value
	At 31 March 2025				51,334


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		3,536		-
	Other creditors		209,380		-
			212,916		-


5	Loans and other debts due to members		2025		2024
£				£

	Amounts due to members in respect of profits		(134,400)		-

	Amounts falling due within one year		(134,400)		-

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


6	Other information

	REGENCY BANQUETING SUITE LLP is a limited liability partnership incorporated in England. Its registered office is:
	113 Bruce Grove
	London
	N17 6UR