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REGISTERED NUMBER: 06498097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

ROGER FULFORD ASSOCIATES LIMITED

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROGER FULFORD ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: R C Fulford





SECRETARIES: I D V Fulford-Perez
C E A Fulford-Perez





REGISTERED OFFICE: 7 Knighton Close
Caversham
Reading
Berkshire
RG4 7SZ





REGISTERED NUMBER: 06498097 (England and Wales)

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,087 1,359
Investments 5 45,881 75,073
Investment property 6 133,902 118,813
180,870 195,245

CURRENT ASSETS
Debtors 7 3,014 4,000
Cash at bank 3,424 1,599
6,438 5,599
CREDITORS
Amounts falling due within one year 8 11,755 13,696
NET CURRENT LIABILITIES (5,317 ) (8,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,553

187,148

CREDITORS
Amounts falling due after more than one
year

9

-

(20,225

)

PROVISIONS FOR LIABILITIES (13,200 ) -
NET ASSETS 162,353 166,923

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

BALANCE SHEET - continued
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 60,977 -
Retained earnings 101,375 166,922
162,353 166,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:





R C Fulford - Director


ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Roger Fulford Associates Limited, limited by shares, registered in England and Wales. The company's registered number is 06498097 and the registered office address is 7 Knighton Close, Caversham, Reading, Berkshire RG4 7SZ.

The principal activities of the company are business and management consultancy, and investment management.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The accounting estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The accounting estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are considered to be the valuation of investment property. As described in the notes to the accounts, investment property is stated at fair value based on the valuation performed by the director having regard to the location and category of property valued. The director has used observable market prices adjusted as necessary for any difference in the future and condition of the property.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible fixed assets is charged to profit or loss so as to write off their value, over their estimated useful lives at 25% per annum on a reducing balance basis.

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is initially recognised at cost and subsequently remeasured to fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value are charged or credited to profit or loss.

Financial instruments
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Loans receivable are measured initially at fair value, net of transaction costs, and non-current loans receivable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Loans payable are measured initially at fair value, net of transaction costs, and non-current loans payable are subsequently remeasured to amortised cost using the effective interest method.

Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments comprising listed securities are initially recognised at acquisition cost. At the balance sheet date they are valued at the relevant market quoted mid-price. The market movement on the revaluation is transferred to the profit and loss account for the year.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021
and 31 March 2022 1,699
DEPRECIATION
At 1 April 2021 340
Charge for year 272
At 31 March 2022 612
NET BOOK VALUE
At 31 March 2022 1,087
At 31 March 2021 1,359

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021 75,073
Additions 548,270
Disposals (584,772 )
Market movement 7,310
At 31 March 2022 45,881
NET BOOK VALUE
At 31 March 2022 45,881
At 31 March 2021 75,073

Fixed asset investments comprise listed securities and are revalued to market value at each balance sheet date. The historical cost of fixed asset investments is £52,703.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 123,663
Revaluations 10,239
At 31 March 2022 133,902
DEPRECIATION
At 1 April 2021 4,850
Charge for year (4,850 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 133,902
At 31 March 2021 118,813

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 74,177
Cost 59,725
133,902

If investment property had not been revalued it would have been included at the following historical cost:

31.3.22 31.3.21
£    £   
Cost 59,725 59,725

Investment property was valued on an open market basis on 31 March 2022 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 1,457 -
Amounts recoverable on contract 1,557 4,000
3,014 4,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 563 6,859
Taxation and social security 9,402 6,837
Other creditors 1,790 -
11,755 13,696

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 20,225

ROGER FULFORD ASSOCIATES LIMITED (REGISTERED NUMBER: 06498097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

10. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £9,553.