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REGISTERED NUMBER: 10459792 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

ROUND LAND DEVELOPMENTS LTD

ROUND LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 10459792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROUND LAND DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: Mr P K Margetson
Mrs L H Knott
Mrs L J Birch





REGISTERED OFFICE: 6 The Sandlands
Midway
Swadlincote
Derbyshire
DE11 7PY





REGISTERED NUMBER: 10459792 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

ROUND LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 10459792)

BALANCE SHEET
30 NOVEMBER 2021

30.11.20 30.11.21
£    Notes £   
CURRENT ASSETS
331,482 Stocks 4 334,545
38,359 Cash at bank 34,279
369,841 368,824
CREDITORS
383,424 Amounts falling due within one year 5 384,397
(13,583 ) NET CURRENT LIABILITIES (15,573 )
(13,583 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,573

)

CAPITAL AND RESERVES
3 Called up share capital 3
(13,586 ) Retained earnings (15,576 )
(13,583 ) SHAREHOLDERS' FUNDS (15,573 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 8 August 2022 and were signed on its behalf by:





Mr P K Margetson - Director


ROUND LAND DEVELOPMENTS LTD (REGISTERED NUMBER: 10459792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Round Land Developments Ltd 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - NIL ) .

4. STOCKS
30.11.21 30.11.20
£    £   
Work-in-progress 334,545 331,482

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Directors' current accounts 383,665 382,705
Accrued expenses 732 719
384,397 383,424