Company Registration Number: 08837074
FOR THE YEAR ENDED 31 MARCH 2025
RE:GEN NORTH EAST LIMITED
COMPANY INFORMATION
RE:GEN NORTH EAST LIMITED
CONTENTS
RE:GEN NORTH EAST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their strategic report for the year ended 31 March 2025.
The principal activity of the company is that of building contractors comprising of estate regeneration including the refurbishment of Registered Providers dwellings and the construction of new build houses.
2024/2025 was another year of significant growth with all financial targets exceeded. Turnover grew to £72m from the previous year of £61m with no loss-making schemes being experienced within the year.
Net Profit before tax also increased significantly in the year to £5.7m (7.9%) compared to 2023/24 of £3.2m (5.3%).
The company maintained their strong ethos around Safety, Client delivery, people and a strong focus on the utilisation of cash ensuring that the business maintained its 100% cash conversion rate.
The company was successful in the renegotiation of a number of long-term frameworks which has contributed to a strong forward pipeline with 90% of next year’s target turnover already secured.
Future Developments
Following the successful geographical expansion into the North West of England the company further invested in the geographical expansion into Yorkshire and East Midlands during the year. Investment was made in appointing a strong proven leadership team to set up and grow this region.
2024/2025 was another year of significant growth with all financial targets exceeded. Turnover grew to £72m from the previous year of £61m with no loss-making schemes being experienced within the year.
Net Profit before tax also increased significantly in the year to £5.7m (7.9%) compared to 2023/24 of £3.2m (5.3%).
The company maintained their strong ethos around Safety, Client delivery, people and a strong focus on the utilisation of cash ensuring that the business maintained its 100% cash conversion rate.
The company was successful in the renegotiation of a number of long-term frameworks which has contributed to a strong forward pipeline with 90% of next year’s target turnover already secured.
Future Developments
Following the successful geographical expansion into the North West of England the company further invested in the geographical expansion into Yorkshire and East Midlands during the year. Investment was made in appointing a strong proven leadership team to set up and grow this region.
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RE:GEN NORTH EAST LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Inflation will always remain a risk to the business however the Directors continue to attempt to negate any risks by pro active management, particularly in relation to subcontractor procurement and supply chain management.
The majority of our client contracts are publicly procured long term frameworks with call-off order periods which are usually one year or less in duration. Wherever possible, we seek to negotiate the terms of the frameworks and call-off orders on as favourable terms as possible, including regular rates review periods to allow for inflation risks.
This is not always possible; therefore, we procure sub-contractor services on an order by order basis allowing for the majority of supply chain prices to be fixed against each scheme or individual scope of works.
The volatile labour market and shortage of skilled workers is an industry wide risk. This will be mitigated where possible with ongoing investment in its current workforce and new appointments.
Significant investment in people development as well working closely with the RE: GEN Academy to develop apprenticeships is a key focus to ensure long term sustainable growth.
Governance
With the growth of the group and its continued geographical expansion significant investment was made during the year around governance. The appointment of the new C.O.O., Director of Customer and Assets and newly created Group Commercial Compliance Director role have been key priorities as well as the continued development and enhancement of a new commercial and finance reporting system.
The majority of our client contracts are publicly procured long term frameworks with call-off order periods which are usually one year or less in duration. Wherever possible, we seek to negotiate the terms of the frameworks and call-off orders on as favourable terms as possible, including regular rates review periods to allow for inflation risks.
This is not always possible; therefore, we procure sub-contractor services on an order by order basis allowing for the majority of supply chain prices to be fixed against each scheme or individual scope of works.
The volatile labour market and shortage of skilled workers is an industry wide risk. This will be mitigated where possible with ongoing investment in its current workforce and new appointments.
Significant investment in people development as well working closely with the RE: GEN Academy to develop apprenticeships is a key focus to ensure long term sustainable growth.
Governance
With the growth of the group and its continued geographical expansion significant investment was made during the year around governance. The appointment of the new C.O.O., Director of Customer and Assets and newly created Group Commercial Compliance Director role have been key priorities as well as the continued development and enhancement of a new commercial and finance reporting system.
Carbon Reduction
Our Net Zero Strategy reflects both our commitments and purpose as a business. It is a fundamental part of our role in enhancing lives through safe, sustainable social housing regeneration.
Within our strategy we have outlined our group wide carbon reduction targets. We have applied the Greenhouse gas (GHG) protocol operational control methods to determine and outline our scope 1,2 and 3.
Emission Scope
Our Net Zero Strategy reflects both our commitments and purpose as a business. It is a fundamental part of our role in enhancing lives through safe, sustainable social housing regeneration.
Within our strategy we have outlined our group wide carbon reduction targets. We have applied the Greenhouse gas (GHG) protocol operational control methods to determine and outline our scope 1,2 and 3.
Emission Scope
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RE:GEN NORTH EAST LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Our emissions data highlight that as turnover, headcount and operational activity have expanded our scope 1, 2 and relevant Scope 3 emission have risen very slightly. This is not unexpected for a business at our stage of development and diversity on increasing new build activity which is more carbon intensive. Each project including new build projects are reviewed with an active carbon mitigation plan applied with output reviewed through the gathering of carbon data.
The directors used a range of financial key performance indicators to monitor business performance during the year, these were as follows:
This report was approved by the board and signed on its behalf.
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RE:GEN NORTH EAST LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £4,769,584 (2024 - £2,921,750).
The directors who served during the year were:
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RE:GEN NORTH EAST LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The auditors, Armstrong Watson Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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RE:GEN NORTH EAST LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RE:GEN NORTH EAST LIMITED
We have audited the financial statements of Re:Gen North East Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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RE:GEN NORTH EAST LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RE:GEN NORTH EAST LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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RE:GEN NORTH EAST LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RE:GEN NORTH EAST LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws and
regulations;
• we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the sector;
• we focused on specific laws and regulations which we considered may have a direct material effect on
the financial statements or the operations of the company, such as the Companies Act 2006;
• we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence; and
• identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud;
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures to identify any unusual or unexpected relationships;
• tested journal entries to identify unusual transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias; and
• investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation; and
• enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
competence, capabilities and skills to identify or recognise non-compliance with applicable laws and
regulations;
• we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the sector;
• we focused on specific laws and regulations which we considered may have a direct material effect on
the financial statements or the operations of the company, such as the Companies Act 2006;
• we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence; and
• identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud;
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures to identify any unusual or unexpected relationships;
• tested journal entries to identify unusual transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias; and
• investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation; and
• enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
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RE:GEN NORTH EAST LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RE:GEN NORTH EAST LIMITED (CONTINUED)
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor & Chartered Accountants
Newcastle
Newcastle
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RE:GEN NORTH EAST LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
REGISTERED NUMBER: 08837074
BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 28 form part of these financial statements.
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RE:GEN NORTH EAST LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The company is a private company limited by shares incorporated in England.
The address of its registered office is Regen House 3 Azure Court, Doxford International Business Park, Sunderland, England, SR3 3BE.
The company's principal activity is construction.
The address of its registered office is Regen House 3 Azure Court, Doxford International Business Park, Sunderland, England, SR3 3BE.
The company's principal activity is construction.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company is exempt from the requirement to prepare a cash flow statement in accordance with FRS 102 Section 7 as it is included in the consolidated financial statements of RE:GEN Group Ltd, which are publicly available.
The company is exempt from the requirement to prepare a cash flow statement in accordance with FRS 102 Section 7 as it is included in the consolidated financial statements of RE:GEN Group Ltd, which are publicly available.
The following principal accounting policies have been applied:
Management and the Directors have considered a period of at least twelve months from the date of sign off when making their assessment with regards to going concern. After consideration of all factors, including review of forecasted future profitability, pipeline of work, and wider economic conditions, the Directors have continued to adopt the going concern basis in preparing the financial statements.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
When the outcome of a construction contract can be estimated reliably in terms of its stage of completion, future costs to complete and collectability of billings, the company recognises revenue and expenses on the construction contract by reference to the stage of completion of the contract activity at the end of the reporting period. The stage of completion is determined on the basis of the proportion of the contract costs incurred to date over the estimated total costs.
When the outcome of a contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable contract costs incurred.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Where share options are awarded to employees, the fair value of the options at the grant date is charged to the profit or loss over the vesting period. Non-market vesting conditions are taken into accounts by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options. The cumulative expense is not adjusted for failure to achieve market vesting conditions.
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:
a) Stage of completion of contracts
The stage of completion of contracts is measured using the costs to complete method. This involves forecasting future costs and therefore involves uncertainty. Forecast costs are based on the budgeted costs and historic experience of costs to complete similar contracts. Where contracts are forecast to be loss-making, the full loss is recognised as soon as this is foreseen. Margin is taken only where it is considered that the outcome of the contract can be measured reliably.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 19
RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 20
RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
There were no factors that may affect future tax charges.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15.Tangible fixed assets (continued)
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 25
RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Share premium account
Share reserve
Profit and loss account
RE:GEN North East Limited has a share-based payment scheme at 31 March 2025. Management have used the Monte Carlo model to value the share option expense for the schemes.
Equity-Settled share option plans
Under these plans, certain employees are granted options to acquire shares in the company. These options vest over various periods subject to the employees continued service. At the beginning of the period, there were no share options brought forward. During the year, 500 share options were granted and no options were exercised during the year. At the balance sheet date there were 500 options with employees under the equity-settled share schemes. The total expense recognised in the profit & loss in respect of these schemes in the year was £19,105.
Input variables used to value the shares:
Share price £164.34
Vesting period 4 years
Volatility 35.0%
Risk free rate 4.20%
Equity-Settled share option plans
Under these plans, certain employees are granted options to acquire shares in the company. These options vest over various periods subject to the employees continued service. At the beginning of the period, there were no share options brought forward. During the year, 500 share options were granted and no options were exercised during the year. At the balance sheet date there were 500 options with employees under the equity-settled share schemes. The total expense recognised in the profit & loss in respect of these schemes in the year was £19,105.
Input variables used to value the shares:
Share price £164.34
Vesting period 4 years
Volatility 35.0%
Risk free rate 4.20%
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £184,045 (2024 - £308,497 ). Contributions totalling £23,364 (2024 - £19,744 ) were payable to the fund at the balance sheet date and are included in creditors.
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RE:GEN NORTH EAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
During the year ended 31 March 2025, the Company identified that the share premium arising from the issue of shares under the EMI scheme, which vested in the year ended 31 March 2023, had not been recognised in the prior year financial statements. To correct this, the comparative figures for the year ended 31 March 2024 have been restated to include the share premium within equity, with a corresponding adjustment to debtors. This restatement has no impact on the reported profit or net assets for the current year.
The adjustment has been reflected in the opening balances as at 1 April 2024 to present comparative information on a consistent basis. The impact of the restatement is as follows:
2024 (as previously stated) Adjustment 2024 (restated)
Debtors £16,068,502 £159,390 £16,227,892
Share premium £0 £159,390 £159,390
A further prior year restatement has been made to recognise the interest in relation to this debtor. The impact of the restatement on the position is as follows:
2024 (per above) Adjustment 2024 (restated)
Debtors £16,227,892 £7,839 £16,235,731
Interest receivable £47,270 £7,839 £55,109
A further prior year restatement has been made to reduce the share capital recognised in previous periods, as a result of the amended filings at Companies House. The impact of the restatement on the position is as follows:
2024 (per above) Adjustment 2024 (restated)
Debtors £16,235,731 (£40) £16,235,691
Share capital £169 (£40) £129
The adjustment has been reflected in the opening balances as at 1 April 2024 to present comparative information on a consistent basis. The impact of the restatement is as follows:
2024 (as previously stated) Adjustment 2024 (restated)
Debtors £16,068,502 £159,390 £16,227,892
Share premium £0 £159,390 £159,390
A further prior year restatement has been made to recognise the interest in relation to this debtor. The impact of the restatement on the position is as follows:
2024 (per above) Adjustment 2024 (restated)
Debtors £16,227,892 £7,839 £16,235,731
Interest receivable £47,270 £7,839 £55,109
A further prior year restatement has been made to reduce the share capital recognised in previous periods, as a result of the amended filings at Companies House. The impact of the restatement on the position is as follows:
2024 (per above) Adjustment 2024 (restated)
Debtors £16,235,731 (£40) £16,235,691
Share capital £169 (£40) £129
This company's parent undertaking is RE:GEN Group Ltd, a company registered in England, company
number 14783030. Its registered office address is Regen House 3 Azure Court, Doxford International
Business Park, Sunderland, England, SR3 3BE.
The consolidated accounts of RE:GEN Group Ltd, which include RE:GEN North East Limited, are available to the public and may be obtained from the Register of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
number 14783030. Its registered office address is Regen House 3 Azure Court, Doxford International
Business Park, Sunderland, England, SR3 3BE.
The consolidated accounts of RE:GEN Group Ltd, which include RE:GEN North East Limited, are available to the public and may be obtained from the Register of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
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