Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31true2021-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00795192 2021-04-01 2022-03-31 00795192 2020-04-01 2021-03-31 00795192 2022-03-31 00795192 2021-03-31 00795192 c:Director1 2021-04-01 2022-03-31 00795192 d:Buildings 2021-04-01 2022-03-31 00795192 d:Buildings 2022-03-31 00795192 d:Buildings 2021-03-31 00795192 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00795192 d:PlantMachinery 2021-04-01 2022-03-31 00795192 d:PlantMachinery 2022-03-31 00795192 d:PlantMachinery 2021-03-31 00795192 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00795192 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00795192 d:CurrentFinancialInstruments 2022-03-31 00795192 d:CurrentFinancialInstruments 2021-03-31 00795192 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00795192 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 00795192 d:UKTax 2021-04-01 2022-03-31 00795192 d:UKTax 2020-04-01 2021-03-31 00795192 d:ShareCapital 2022-03-31 00795192 d:ShareCapital 2021-03-31 00795192 d:RetainedEarningsAccumulatedLosses 2022-03-31 00795192 d:RetainedEarningsAccumulatedLosses 2021-03-31 00795192 c:FRS102 2021-04-01 2022-03-31 00795192 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 00795192 c:FullAccounts 2021-04-01 2022-03-31 00795192 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Registered number: 00795192


ROCENNIL DEVELOPMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

 
ROCENNIL DEVELOPMENTS LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 5


 
ROCENNIL DEVELOPMENTS LIMITED
REGISTERED NUMBER:00795192

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
98,025
96,081

Current assets
  

Debtors
 6 
12,346
17,346

Cash at bank and in hand
  
57,159
50,489

  
69,505
67,835

Creditors: amounts falling due within one year
 7 
(7,722)
(5,308)

Net current assets
  
 
 
61,783
 
 
62,527

Total assets less current liabilities
  
159,808
158,608

  

Net assets
  
159,808
158,608


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
159,806
158,606

  
159,808
158,608


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2022.


Mr G A Linnecor
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ROCENNIL DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


GENERAL INFORMATION

Rocennil Developments Limited is a private company limited by shares incorporated and domiciled in the England. The address of the registered office is 76 Sherifoot Lane, Four Oaks, Sutton Coldfield, B75 5DU, which is also the address of its principal place of business.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised in the period to which it relates and is included within turnover.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
per annum

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.

 
2.4

INVESTMENT PROPERTY

The investment property is carried at cost. This is not in accordance with FRS 102 which states investment property should be held at fair value.

Page 2

 
ROCENNIL DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.  

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

TAXATION

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws at the balance sheet.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

 
ROCENNIL DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


TAXATION


2022
2021
£
£

Corporation tax


Current tax on profits for the year
-
45

Adjustments in respect of previous periods
49
-


Total current tax
49
45





5.


TANGIBLE FIXED ASSETS





Investment property
Plant & machinery
Total

£
£
£



Cost


At 1 April 2021
93,213
5,055
98,268


Additions
-
2,848
2,848



At 31 March 2022

93,213
7,903
101,116



Depreciation


At 1 April 2021
-
2,188
2,188


Charge for the year on owned assets
-
903
903



At 31 March 2022

-
3,091
3,091



Net book value



At 31 March 2022
93,213
4,812
98,025



At 31 March 2021
93,213
2,868
96,081

Page 4

 
ROCENNIL DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


DEBTORS

2022
2021
£
£


Amounts owed by group undertakings
12,346
17,346



7.


CREDITORS: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
2,400

Corporation tax
-
45

Other taxation and social security
404
563

Accruals and deferred income
7,318
2,300

7,722
5,308



8.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately 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 £4,000 (2021: £4,000).


9.


PARENT UNDERTAKING

Rocennil Limited is a 100% subsidiary of Linnecor & Co Limited, a company registered in the UK whose registered office and principal place of business is 76 Sherifoot Lane, Four Oaks, Sutton Coldfield, B75 5DU.

 
Page 5