REGISTERED NUMBER: 15358036 (England and Wales)

Unaudited Financial Statements

for the Period 18 December 2023 to 31 December 2024

for

REGAL PROPERTIES NORTHERN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Goggin

REGISTERED OFFICE:

3 Beacon Mews

South Road

Weybridge

KT13 9DZ

REGISTERED NUMBER:

15358036 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Investment property

3

250,000

CURRENT ASSETS

Cash in hand

10

CREDITORS

Amounts falling due within one year

4

101,346

NET CURRENT LIABILITIES

(101,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

148,664

CREDITORS

Amounts falling due after more than one year

5

(90,000

)

PROVISIONS FOR LIABILITIES

7

(16,570

)

NET ASSETS

42,094

CAPITAL AND RESERVES

Called up share capital

10

Fair value reserve

8

49,708

Retained earnings

(7,624

)

SHAREHOLDERS' FUNDS

42,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 December 2025 and were signed by:

D Goggin - Director

1.	STATUTORY INFORMATION

Regal Properties Northern 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 as modified by the revaluation of certain assets.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the loan creditors.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 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 period 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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

183,722

Revaluations

66,278

At 31 December 2024

250,000

NET BOOK VALUE

At 31 December 2024

250,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

66,368

Cost

183,632

250,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

100,022

Accrued expenses

1,324

101,346

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans - 2-5 years

90,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loans

90,000

Loans of £90,000 are secured by a fixed charge over the company's assets.

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Investment property fair value

16,570

Deferred

tax

£

Investment property fair value

16,570

Balance at 31 December 2024

16,570

8.

RESERVES

Fair

value

reserve

£

Retained earnings transfer

49,708

At 31 December 2024

49,708