Regent 89 Limited - Accounts to registrar (filleted) - small 18.2

Regent 89 Limited - Accounts to registrar (filleted) - small 18.2

REGENT 89 LIMITED - Company Information

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REGISTERED NUMBER: 02311944 (England and Wales)






Regent 89 Limited

Financial Statements

for the Year Ended 30 December 2021





SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX








Regent 89 Limited (Registered number: 02311944)

Contents of the Financial Statements
for the year ended 30 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regent 89 Limited

Company Information
for the year ended 30 December 2021







DIRECTORS: Mr D Paul
Mrs C A Paul





SECRETARY: Mrs C A Paul





REGISTERED OFFICE: The North Chapel
Ashlands Road
Ilkley
West Yorkshire
LS29 8JT





REGISTERED NUMBER: 02311944 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX
Page 1
Regent 89 Limited (Registered number: 02311944)

Balance Sheet
30 December 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Investments 4 13,000 13,000
Investment property 5 1,054,576 1,054,576
1,067,576 1,067,576

CURRENT ASSETS
Cash at bank 311,881 324,777

CREDITORS
Amounts falling due within one year 6 699,287 749,849
NET CURRENT LIABILITIES (387,406 ) (425,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
680,170
642,504

PROVISIONS FOR LIABILITIES 151,872 151,782
NET ASSETS 528,298 490,722

The notes form part of these financial statements

Page 2 continued...
Regent 89 Limited (Registered number: 02311944)

Balance Sheet - continued
30 December 2021

2021 2020
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 60,000 60,000
Retained earnings 468,298 430,722
SHAREHOLDERS' FUNDS 528,298 490,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2021 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 12 September 2022 and were signed on its behalf by:





Mr D Paul - Director


The notes form part of these financial statements

Page 3
Regent 89 Limited (Registered number: 02311944)

Notes to the Financial Statements
for the year ended 30 December 2021


1. STATUTORY INFORMATION

Regent 89 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Turnover
Turnover represents commissions, lease extension fees and rents received or receivable excluding value added tax and other sales taxes.

Investments in subsidiaries
Investments are initially recorded at cost with consideration taken for any diminution in value which is expected to be permanent.

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.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

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 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 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.

Page 4 continued...
Regent 89 Limited (Registered number: 02311944)

Notes to the Financial Statements - continued
for the year ended 30 December 2021


2. ACCOUNTING POLICIES - continued

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 NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 31 December 2020
and 30 December 2021 13,000
NET BOOK VALUE
At 30 December 2021 13,000
At 30 December 2020 13,000

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 31 December 2020
and 30 December 2021 1,054,576
NET BOOK VALUE
At 30 December 2021 1,054,576
At 30 December 2020 1,054,576

The investment property has been stated at its fair value as determined by the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Amounts owed to group undertakings 680,485 736,258
Tax 15,286 9,713
Other creditors 800 800
Accruals and deferred income 2,716 3,078
699,287 749,849

Page 5 continued...
Regent 89 Limited (Registered number: 02311944)

Notes to the Financial Statements - continued
for the year ended 30 December 2021


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
60,000 Ordinary £1 60,000 60,000

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, total dividends of £5,500 (2020 - £2,500) were paid to the directors .

Page 6