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REGISTERED NUMBER: 11021143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

ROTHNEY INVESTMENTS LTD

ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROTHNEY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: J M B Gibson
Mrs B Gibson
Miss G Conway
R Edmonds





REGISTERED OFFICE: Jamesons House
Compton Way
Witney
OX28 3AB





REGISTERED NUMBER: 11021143 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 49,164
Tangible assets 5 136,378 157,674
Investment property 6 6,796,219 5,265,971
6,932,597 5,472,809

CURRENT ASSETS
Stocks 550 550
Debtors 7 14,282 14,279
Cash at bank 28,147 24,899
42,979 39,728
CREDITORS
Amounts falling due within one year 8 149,978 118,331
NET CURRENT LIABILITIES (106,999 ) (78,603 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,825,598 5,394,206

CREDITORS
Amounts falling due after more than one
year

9

(5,698,790

)

(5,396,312

)

PROVISIONS FOR LIABILITIES (292,093 ) -
NET ASSETS/(LIABILITIES) 834,715 (2,106 )

CAPITAL AND RESERVES
Called up share capital 222 222
Share premium 10 4,982 4,982
Fair value Reserve 10 783,980 -
Retained earnings 10 45,531 (7,310 )
SHAREHOLDERS' FUNDS 834,715 (2,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

BALANCE SHEET - continued
30 APRIL 2023


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 19 October 2023 and were signed on its behalf by:





J M B Gibson - Director


ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Rothney Investments 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 245,800
AMORTISATION
At 1 May 2022 196,636
Charge for year 49,164
At 30 April 2023 245,800
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 49,164

ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 238,197
Additions 15,637
At 30 April 2023 253,834
DEPRECIATION
At 1 May 2022 80,523
Charge for year 36,933
At 30 April 2023 117,456
NET BOOK VALUE
At 30 April 2023 136,378
At 30 April 2022 157,674

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 5,265,971
Additions 484,941
Revaluations 1,045,307
At 30 April 2023 6,796,219
NET BOOK VALUE
At 30 April 2023 6,796,219
At 30 April 2022 5,265,971

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 1,045,307
Cost 5,750,912
6,796,219

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 14,282 14,279

ROTHNEY INVESTMENTS LTD (REGISTERED NUMBER: 11021143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,356 16,732
Trade creditors 2,046 1,801
Taxation and social security 40,878 18,584
Other creditors 93,698 81,214
149,978 118,331

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,421,752 3,129,193
Hire purchase contracts 18,921 34,096
Other creditors 2,258,117 2,233,023
5,698,790 5,396,312

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 3,421,752 3,129,193

10. RESERVES
Fair
Retained Share value
earnings premium Reserve Totals
£    £    £    £   

At 1 May 2022 (7,310 ) 4,982 - (2,328 )
Profit for the year 836,821 836,821
Reserve (783,980 ) - 783,980 -
At 30 April 2023 45,531 4,982 783,980 834,493

The gains shown in the fair value reserve relate to the revaluation of the company's properties. These gains are after a deferred tax provision.