REGISTERED NUMBER: 04842528 (England and Wales)

REGAL HOMES (WESSEX) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Zaczyk

REGISTERED OFFICE:

Suite D

96 Market Street

Eastleigh

Hampshire

SO50 5RE

REGISTERED NUMBER:

04842528 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

FIXED ASSETS

Tangible assets

4

12,601

17,050

CURRENT ASSETS

Stocks

630,446

630,196

Debtors

5

488,146

401,388

Cash at bank and in hand

9,543

355,899

1,128,135

1,387,483

CREDITORS

Amounts falling due within one year

6

(394,677

)

(548,046

)

NET CURRENT ASSETS

733,458

839,437

TOTAL ASSETS LESS CURRENT LIABILITIES

746,059

856,487

CREDITORS

Amounts falling due after more than one year

7

(515,385

)

(514,972

)

PROVISIONS FOR LIABILITIES

(3,150

)

(4,263

)

NET ASSETS

227,524

337,252

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

227,424

337,152

SHAREHOLDERS' FUNDS

227,524

337,252

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

C Zaczyk - Director

1.	STATUTORY INFORMATION

Regal Homes (Wessex) 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 FRS 102 "The Financial Reporting Standards 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 amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable on the sale of development properties, net of VAT and trade discounts, and is recognised on the completion of a sale of property.

Rental income is recognised on a receivable basis.

Tangible fixed assets

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

Plant and machinery

-

25% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

Straight line over 3 years

Work in progress

Work in progress comprising development property is valued at the lower of cost and net realisable value. Cost comprises purchase price and directly attributable costs.

Taxation

Taxation for the year relates to current 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 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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

10,817

11,000

5,311

27,128

DEPRECIATION

At 1 April 2024

3,422

3,266

3,390

10,078

Charge for year

1,849

1,934

666

4,449

At 31 March 2025

5,271

5,200

4,056

14,527

NET BOOK VALUE

At 31 March 2025

5,546

5,800

1,255

12,601

At 31 March 2024

7,395

7,734

1,921

17,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

488,146

401,388

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,678

6,793

Taxation and social security

23,782

46,080

Other creditors

368,217

495,173

394,677

548,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

515,385

514,972

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

515,385

514,972

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

515,385

514,972

Bank loans are secured by way of a fixed and floating charge over the company's assets.

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no future commitments under operating leases (2024: £6,549).

10.	RELATED PARTY DISCLOSURES

At the balance sheet date Regal Letting Agency Limited, a company owned by a close family member of the director, owed the company £149,618 (2024: £115,848).

There is no interest charged on this loan.