Company registration number 10669594 (England and Wales)
REGENT FUNERAL SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
REGENT FUNERAL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
REGENT FUNERAL SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,424
9,898
Current assets
Debtors
5
194,544
58,470
Cash at bank and in hand
50
-
0
194,594
58,470
Creditors: amounts falling due within one year
6
(1,439,792)
(1,191,458)
Net current liabilities
(1,245,198)
(1,132,988)
Total assets less current liabilities
(1,237,774)
(1,123,090)
Creditors: amounts falling due after more than one year
7
(9,162)
(13,742)
Provisions for liabilities
-
0
(5,000)
Net liabilities
(1,246,936)
(1,141,832)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(1,246,937)
(1,141,833)
Total equity
(1,246,936)
(1,141,832)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 December 2025 and are signed on its behalf by:
J Wright
Director
Company registration number 10669594 (England and Wales)
REGENT FUNERAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Regent Funeral Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Civic Centre, Regent Street, Gateshead, Tyne & Wear, NE8 1HH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Gateshead Council. These consolidated financial statements are available from its registered office,

1.2
Going concern

The parent undertaking has agreed to support the Company with ongoing finance as required. The Directors have no reason to believe that continuing financing from its parent undertaking and adequate facilities from its bankers will not be available in the future, should it be required.true

Confirmation of the continual support of the parent undertaking for a period of no less than 12 months from the date of approval of the financial statements has been received.

T he Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the near future, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable. The following criteria must also be met before revenue is recognised.

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

REGENT FUNERAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
10 years reducing balance / straight line
Computers
5 years reducing balance / straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Employee benefits

The Company provides a range of benefits to employees, including paid holiday arrangements and defined benefit pension plans.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Defined benefit pension plan

Retirement benefits to employees of the Company are provided by the Local Government Pension Scheme (‘LGPS’). This is a defined benefit scheme and the assets are held separately from those of the Company in separate trustee administered funds.

Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis. The actuarial valuations are obtained at least triennially and are updated at each reporting date. The amounts charged to operating surplus are the current service costs and the costs of scheme introductions, benefit changes, settlements and curtailments. The amounts in respect of the scheme are recognised as an expense as they are incurred.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

Management is required to make certain estimates and judgements in the preparation of these financial statements. The most significant source of uncertainty relates to the estimate of costs in respect of pension costs. A firm of consulting actuaries is engaged to provide the Company with expert advice about the assumptions to be applied.

REGENT FUNERAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
5
5
Employees
9
9
Total
14
14

The Directors received no remuneration for their services to the Company during the year.

4
Tangible fixed assets
Equipment
Computers
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
24,743
15,974
40,717
Depreciation and impairment
At 1 April 2024
14,845
15,974
30,819
Depreciation charged in the year
2,474
-
0
2,474
At 31 March 2025
17,319
15,974
33,293
Carrying amount
At 31 March 2025
7,424
-
0
7,424
At 31 March 2024
9,898
-
0
9,898
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,277
32,772
Amounts owed by group undertakings
160,119
-
0
Prepayments and accrued income
26,148
25,698
194,544
58,470
REGENT FUNERAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
4,580
4,580
Trade creditors
62,609
18,946
Amounts owed to group undertakings
1,365,763
1,161,826
Taxation and social security
6,840
6,106
1,439,792
1,191,458
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
9,162
13,742
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Nicholas Cunningham MSc BSc FCCA
Statutory Auditor:
Robson Laidler Accountants Limited
Date of audit report:
10 December 2025
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
399,537
443,930
REGENT FUNERAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
10
Controlling Party

The ultimate parent undertaking is Gateshead Council by virtue of its 100% shareholding in the Company. There is no individual controlling party.

The Company’s ultimate parent undertaking, Gateshead Council, discloses its holding in the Company in its financial statements. The only group in which the results of the Company are consolidated is that headed by Gateshead Council (subject to materiality). The financial statements of Gateshead Council may be obtained from Gateshead Council, Civic Centre, Regent Street Gateshead, NE8 1HH.

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