Rovertune Limited
Registered number: 04545323
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 607,497 615,943
Current assets
Stocks 45,270 43,187
Debtors 4 177,576 19,450
Investments held as current assets 5 907,590 902,246
Cash at bank and in hand 369,258 520,114
1,499,694 1,484,997
Creditors: amounts falling due within one year 6 (155,530) (202,296)
Net current assets 1,344,164 1,282,701
Net assets 1,951,661 1,898,644
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,951,561 1,898,544
Shareholders' funds 1,951,661 1,898,644
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.
R D Margrave
Director
Approved by the board on 14 September 2023
Rovertune Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset over its expected useful life.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 573,611 110,473 34,855 718,939
Additions - 1,049 3,000 4,049
At 31 March 2023 573,611 111,522 37,855 722,988
Depreciation
At 1 April 2022 - 83,138 19,858 102,996
Charge for the year - 7,057 5,438 12,495
At 31 March 2023 - 90,195 25,296 115,491
Net book value
At 31 March 2023 573,611 21,327 12,559 607,497
At 31 March 2022 573,611 27,335 14,997 615,943
4 Debtors 2023 2022
£ £
Trade debtors 2,576 19,450
Other debtors 175,000 -
177,576 19,450
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 907,590 902,246
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (10,924) -
Unlisted investments 9,702 14,889
(1,222) 14,889
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 113,602 158,262
Corporation tax 41,928 44,034
155,530 202,296
7 Other information
Rovertune Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
Bridgewater Close
Reading
Berkshire.
RG30 1JT
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