REGISTERED NUMBER: 04246038 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

REGENCY HAMPERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Perkin

J Perkin

N E Perkin

SECRETARIES:

S Perkin

C E Perkin

REGISTERED OFFICE:

Unit B,

(Marshalls of Evesham Transport Site)

Pershore Airfield, Long Lane,

Throckmorton,

Pershore

Worcestershire

WR10 2JH

REGISTERED NUMBER:

04246038 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

5,318

3,772

Tangible assets

5

626,035

615,257

Investments

6

1,102,354

1,102,354

1,733,707

1,721,383

CURRENT ASSETS

Stocks

1,164,662

1,023,447

Debtors

7

1,751,558

1,662,892

Cash at bank

3,537,557

3,654,892

6,453,777

6,341,231

CREDITORS

Amounts falling due within one year

8

1,064,957

1,211,697

NET CURRENT ASSETS

5,388,820

5,129,534

TOTAL ASSETS LESS CURRENT LIABILITIES

7,122,527

6,850,917

CREDITORS

Amounts falling due after more than one year

9

(204,981

)

(272,966

)

PROVISIONS FOR LIABILITIES

(142,798

)

(124,838

)

NET ASSETS

6,774,748

6,453,113

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

6,774,747

6,453,112

6,774,748

6,453,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

D Perkin - Director

N E Perkin - Director

1.	STATUTORY INFORMATION

Regency Hampers Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about Regency Hampers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Revenue is recognised upon completion of a sale.

Intangible assets - patents

Patents that are held by the company and have been capitalised are being amortised on a 10% reducing balance method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

7,012

Additions

2,060

At 31 January 2025

9,072

AMORTISATION

At 1 February 2024

3,240

Charge for year

514

At 31 January 2025

3,754

NET BOOK VALUE

At 31 January 2025

5,318

At 31 January 2024

3,772

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

216,426

554,586

175,469

100,116

1,046,597

Additions

17,897

17,243

58,595

31,510

125,245

Disposals

-

-

(13,450

)

-

(13,450

)

At 31 January 2025

234,323

571,829

220,614

131,626

1,158,392

DEPRECIATION

At 1 February 2024

110,669

157,375

80,790

82,506

431,340

Charge for year

16,358

61,331

25,370

10,971

114,030

Eliminated on disposal

-

-

(13,013

)

-

(13,013

)

At 31 January 2025

127,027

218,706

93,147

93,477

532,357

NET BOOK VALUE

At 31 January 2025

107,296

353,123

127,467

38,149

626,035

At 31 January 2024

105,757

397,211

94,679

17,610

615,257

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 February 2024

and 31 January 2025

42,886

DEPRECIATION

At 1 February 2024

14,794

Charge for year

4,214

At 31 January 2025

19,008

NET BOOK VALUE

At 31 January 2025

23,878

At 31 January 2024

28,092

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 February 2024

and 31 January 2025

1,102,354

NET BOOK VALUE

At 31 January 2025

1,102,354

At 31 January 2024

1,102,354

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

69,095

82,618

Amounts owed by group undertakings

1,054,565

976,885

Other debtors

148,846

157,909

Directors' loan accounts

428,131

395,634

Prepayments

50,921

49,846

1,751,558

1,662,892

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

111,998

108,584

Hire purchase contracts

36,704

30,754

Trade creditors

148,541

313,496

Corporation Tax

61,710

120,417

Social security and other taxes

17,104

11,089

Pension control

1,700

1,559

VAT

533,258

423,337

Credit cards

43,191

50,442

Other Creditors

-

7,500

Accruals and deferred income

110,751

144,519

1,064,957

1,211,697

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

115,380

111,998

Bank loans - 2-5 years

-

81,041

Hire purchase contracts

89,601

79,927

204,981

272,966

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

227,378

301,623

Barclays have fixed and floating charges over any property or undertakings of the company in respect of the bank loan.

Hire purchase agreements are secured on the individual assets financed.

11.	OTHER FINANCIAL COMMITMENTS

The total outstanding operating lease commitment as at the balance sheet date was £629,430 (2024: £45,938). This lease commitment is in respect of the commercial property which expires on 12 May 2029.

The company has one outstanding charge showing as outstanding on companies house. The charge was created 16 December 2022. The persons entitled are Barclays Security Trustee Limited, it covers all property or undertaking of the company and it contains negative pledge. This charge is in respect of a £400,000 loan taken out by the company, the loan agreement was signed in January 2023 and the funds were received in February 2023.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

D Perkin

Balance outstanding at start of year

177,326

169,733

Amounts advanced

8,067

7,593

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

185,393

177,326

N E Perkin and J Perkin

Balance outstanding at start of year

218,308

200,613

Amounts advanced

24,449

17,765

Amounts repaid

(19

)

(70

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

242,738

218,308

Interest has been charged on the overdrawn directors' loan balances at the HMRC approved rate. There are no set repayment terms.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption to not prepare group accounts, as it is a small group.