| Regwill Investments Limited |
| Registered number: |
00824552 |
| Balance Sheet |
| as at 31 May 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,700,000 |
|
|
3,700,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
113,968 |
|
|
99,115 |
|
| Creditors: amounts falling due within one year |
4 |
|
(75,916) |
|
|
(71,566) |
|
| Net current assets |
|
|
|
38,052 |
|
|
27,549 |
|
| Net assets |
|
|
|
3,738,052 |
|
|
3,727,549 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
9,562 |
|
|
9,562 |
| Revaluation reserve |
5 |
|
|
3,668,736 |
|
|
3,668,736 |
| Profit and loss account |
|
|
|
58,754 |
|
|
48,251 |
|
| Shareholders' funds |
|
|
|
3,738,052 |
|
|
3,727,549 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J Hart |
| Director |
| Approved by the board on 23 November 2017 |
|
| Regwill Investments Limited |
| Notes to the Accounts |
| for the year ended 31 May 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the gross rental income receivable from the company's investment property. |
|
|
Tangible fixed assets |
|
The directors annually review the carrying value of the company's land and buildings for impairment . In the light of this review no provision for depreciation or impairment is considered necessary. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 June 2016 |
3,700,000 |
|
At 31 May 2017 |
3,700,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 May 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2017 |
3,700,000 |
|
At 31 May 2016 |
3,700,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2017 |
|
2016 |
| £ |
£ |
|
Historical cost |
31,264 |
|
31,264 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Corporation tax |
59,004 |
|
59,484 |
|
Other creditors |
8,182 |
|
8,182 |
|
Accruals and deferred income |
8,730 |
|
3,900 |
|
|
|
|
|
|
75,916 |
|
71,566 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 1 June 2016 |
3,668,736 |
|
3,668,736 |
|
|
At 31 May 2017 |
3,668,736 |
|
3,668,736 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Regwill Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
45 Cadogan Gardens |
|
London |
|
SW3 2AQ |
