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Registration number: 08850359

Roystone House Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Roystone House Limited

(Registration number: 08850359)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

839

1,678

Investments

5

3,191,033

3,171,035

 

3,191,872

3,172,713

Current assets

 

Investments

6

476,376

515,404

Cash at bank and in hand

 

234,056

180,624

 

710,432

696,028

Creditors: Amounts falling due within one year

7

(2,038)

(5,895)

Net current assets

 

708,394

690,133

Net assets

 

3,900,266

3,862,846

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

2,993,927

2,993,927

Retained earnings

906,239

868,819

Shareholders' funds

 

3,900,266

3,862,846

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 

.........................................
Mr JN Jones
Director

 

Roystone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Roystone House
1A Airdale Road
Stone
Staffordshire
ST15 8DP

These financial statements were authorised for issue by the Board on 19 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line

 

Roystone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Roystone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

4,104

4,104

At 31 January 2023

4,104

4,104

Depreciation

At 1 February 2022

2,426

2,426

Charge for the year

839

839

At 31 January 2023

3,265

3,265

Carrying amount

At 31 January 2023

839

839

At 31 January 2022

1,678

1,678

5

Investments

2023
£

2022
£

Investments in subsidiaries

2,998,428

2,998,428

Other investments

192,605

172,607

3,191,033

3,171,035

Subsidiaries

£

Cost or valuation

At 1 February 2022

2,998,428

Provision

Carrying amount

At 31 January 2023

2,998,428

At 31 January 2022

2,998,428

 

Roystone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Vulcan Industrial Fasteners Limited

Ordinary

67.9%

67.9%

 

United Kingdom

     

Subsidiary undertakings

Vulcan Industrial Fasteners Limited

The principal activity of Vulcan Industrial Fasteners Limited is supply of industrial fasteners.

6

Current asset investments

2023
£

2022
£

Other investments

476,376

515,404

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

1,280

Accruals and deferred income

1,704

1,560

Other creditors

334

3,055

2,038

5,895

 

Roystone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Related party transactions

Summary of transactions with other related parties

Directors loan account
 Included in other creditors is the directors loan account. There is no interest charged on the loan and no repayment date has been set. At the balance sheet date the amount due to Mr JN Jones was £333 (2022 - £333).