Regency House Residential Home Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04395431 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

REGENCY HOUSE RESIDENTIAL HOME LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J W Eagles

Mrs J M Eagles

Mr C Thomas

SECRETARY:

Mr J W Eagles

REGISTERED OFFICE:

13-14 Gelliwastad Rd

Pontypridd

RCT

CF37 2BW

REGISTERED NUMBER:

04395431 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Property, plant and equipment

4

1,397,606

1,446,600

CURRENT ASSETS

Inventories

2,857

2,700

Debtors

5

302,643

935,354

Cash at bank

1,117,666

474,166

1,423,166

1,412,220

CREDITORS

Amounts falling due within one year

6

263,665

315,412

NET CURRENT ASSETS

1,159,501

1,096,808

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,557,107

2,543,408

CREDITORS

Amounts falling due after more than one year

7

-

(125,191

)

PROVISIONS FOR LIABILITIES

(875

)

(2,464

)

NET ASSETS

2,556,232

2,415,753

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

2,556,132

2,415,653

SHAREHOLDERS' FUNDS

2,556,232

2,415,753

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

Mr J W Eagles - Director

Mrs J M Eagles - Director

1.	STATUTORY INFORMATION

Regency House Residential Home 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.

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.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the invoiced amount for residential and nursing services provided to its residents.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost-excluding land at 0%

Improvements to property

-

2% on cost-excluding land at 0%

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2024 - 70 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

653,305

1,689,375

2,342,680

Additions

-

13,723

At 31 March 2025

653,305

1,703,098

2,356,403

DEPRECIATION

At 1 April 2024

143,726

752,354

896,080

Charge for year

13,066

49,651

62,717

At 31 March 2025

156,792

802,005

958,797

NET BOOK VALUE

At 31 March 2025

496,513

901,093

1,397,606

At 31 March 2024

509,579

937,021

1,446,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

46,329

175,604

Other debtors

256,314

759,750

302,643

935,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

-

26,720

Trade creditors

29,502

50,509

Taxation and social security

167,317

171,958

Other creditors

66,846

66,225

263,665

315,412

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans

-

125,191

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

NominalValue

31/03/25

31/03/24

£

80

Ordinary A

£1

80

10

Ordinary B

£1

10

Ordinary C

£1

10

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/3/25

31/3/24

£

Mrs J M Eagles and Mr J W Eagles

Balance outstanding at start of year

472,118

86,596

Amounts advanced

233,036

385,522

Amounts repaid

(705,515

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(361

)

472,118

The directors loans are repayable on demand and are therefore, accounted for within current assets.