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Registered number: 12133980
Regency Properties Group Limited
Financial Statements
For The Year Ended 31 August 2025
C.T.Accountants t/a Tax Assist Accountants
63b Brighton Road
South Croydon
Surrey
CR2 6EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12133980
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,395,855 11,672,510
12,395,855 11,672,510
CURRENT ASSETS
Debtors 5 113,598 42,280
Cash at bank and in hand 3,177 3,035
116,775 45,315
Creditors: Amounts Falling Due Within One Year 6 (709,050 ) (848,844 )
NET CURRENT ASSETS (LIABILITIES) (592,275 ) (803,529 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,803,580 10,868,981
Creditors: Amounts Falling Due After More Than One Year 7 (4,837,962 ) (4,329,781 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (101,500 ) -
NET ASSETS 6,864,118 6,539,200
CAPITAL AND RESERVES
Called up share capital 8 6,542,352 6,542,352
Profit and Loss Account 321,766 (3,152 )
SHAREHOLDERS' FUNDS 6,864,118 6,539,200
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rovertos Savvides
Director
18th May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Regency Properties Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12133980 . The registered office is 131 Kings Road, Brighton, BN1 2HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 September 2024 11,667,907 6,068 11,673,975
Additions 316,092 2,285 318,377
Revaluation 406,001 - 406,001
As at 31 August 2025 12,390,000 8,353 12,398,353
Depreciation
As at 1 September 2024 - 1,465 1,465
Provided during the period - 1,033 1,033
As at 31 August 2025 - 2,498 2,498
Net Book Value
As at 31 August 2025 12,390,000 5,855 12,395,855
As at 1 September 2024 11,667,907 4,603 11,672,510
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,743 6,722
Other debtors 24,855 2,710
Amounts owed by associates - 32,848
113,598 42,280
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 74,391 67,963
Corporation tax 3,093 -
Other creditors 11,025 3,960
Rent deposits 8,825 8,825
Directors' loan accounts 556,611 768,096
Amounts owed to associates 55,105 -
709,050 848,844
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,837,962 4,329,781
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6,542,352 6,542,352
Page 5