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REGISTERED NUMBER: 03913068 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

Long Rock Property Limited

Long Rock Property Limited (Registered number: 03913068)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Long Rock Property Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: K S Rogerson
Mrs S N Rogerson





SECRETARY: Mrs S N Rogerson





REGISTERED OFFICE: Pippins Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP





REGISTERED NUMBER: 03913068 (England and Wales)





ACCOUNTANTS: Friends.Tax LLP
Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP

Long Rock Property Limited (Registered number: 03913068)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,670,000 2,741,000

CURRENT ASSETS
Debtors 5 17,708 12,421
Cash at bank 42,515 15,916
60,223 28,337
CREDITORS
Amounts falling due within one year 6 125,783 138,070
NET CURRENT LIABILITIES (65,560 ) (109,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,604,440

2,631,267

CREDITORS
Amounts falling due after more than
one year

7

(515,157

)

(772,918

)

PROVISIONS FOR LIABILITIES (323,033 ) (284,394 )
NET ASSETS 1,766,250 1,573,955

Long Rock Property Limited (Registered number: 03913068)

Balance Sheet - continued
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 1,601,710 1,476,549
Retained earnings 164,538 97,404
SHAREHOLDERS' FUNDS 1,766,250 1,573,955

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 5 September 2022 and were signed on its behalf by:





K S Rogerson - Director


Long Rock Property Limited (Registered number: 03913068)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Long Rock Property 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.

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.

Related party exemption
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.

Turnover
Turnover represents rents and service charges received from the letting and management of freehold property.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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.


Long Rock Property Limited (Registered number: 03913068)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued
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 2 (2021 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021 2,741,000
Disposals (277,000 )
Revaluations 206,000
At 31 January 2022 2,670,000
NET BOOK VALUE
At 31 January 2022 2,670,000
At 31 January 2021 2,741,000

Fair value at 31 January 2022 is represented by:
£   
Valuation in 2017 2,005,000
Valuation in 2018 345,000
Valuation in 2019 180,000
Valuation in 2021 211,000
Valuation in 2022 (71,000 )
2,670,000

Long Rock Property Limited (Registered number: 03913068)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. INVESTMENT PROPERTY - continued

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

31.1.22 31.1.21
£    £   
Cost 745,257 980,056

Investment property was valued on an open market basis on 31 January 2022 by the director, K Rogerson .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 15,740 12,421
Other debtors 1,968 -
17,708 12,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Taxation and social security 23,736 24,907
Other creditors 102,047 113,163
125,783 138,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans 515,157 772,918

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 221,832 406,245

Long Rock Property Limited (Registered number: 03913068)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.22 31.1.21
£    £   
Bank loans 515,157 772,918

The loans are secured by way of a charge over the freehold properties of the company.

9. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
K S Rogerson and Mrs S N Rogerson
Balance outstanding at start of year (708 ) 1,365
Amounts advanced 82,676 84,927
Amounts repaid (80,000 ) (87,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,968 (708 )

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.