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Roverley Ltd
Registered Number:02866332
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Roverley Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02866332
As at 31 December 2022
Roverley Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
424,878
426,345
2
424,878
426,345
Current assets
Trade and other receivables
22,906
42,638
3
50,958
Cash and cash equivalents
31,913
74,551
73,864
Trade and other payables: amounts falling due within one
year
(481,248)
(424,275)
4
(407,384)
(349,724)
Net current liabilities
Total assets less current liabilities
75,154
18,961
75,154
Net assets
18,961
Capital and reserves
Called up share capital
100
100
Retained earnings
75,054
18,861
75,154
18,961
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Y Karamolla Director
These financial statements were approved and authorised for issue by the Board on 27 September 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2022
Roverley Ltd
Notes to the Financial Statements
Statutory Information
Roverley Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
02866332.
Registered address:
Unit 12
Hillside House, 1,The Drive
Radlett,
Herts
WD7 7FG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2022
507,328
90,764
416,564
At 31 December 2022
416,564
90,764
507,328
Provision for depreciation and impairment
At 01 January 2022
80,983
80,983
-
Charge for year
1,467
1,467
-
At 31 December 2022
82,450
82,450
-
At 31 December 2022
Net book value
416,564
8,314
424,878
At 31 December 2021
416,564
9,781
426,345
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5
For the year ended 31 December 2022
Roverley Ltd
Notes to the Financial Statements Continued
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the
revaluation of certain assets.
Going Concern
The ability of the company to continue to trade is dependent upon the continued support of the director and the
Covid-pandemic situation is improving steadily and the director is confident the company will trade out of the situation.
£48334 of the bank loan is guaranteed by the Government and the director has confirmed continued support of up to
£35,000 for a period of 12 months from the date of these financial statements. This support will be reviewed at that
time.
.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and
trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets,
less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment Fixtures and fittings
33% Straight line
25% Straight line
3. Trade and other receivables
2021
2022
£
£
Trade debtors
42,638
18,412
Other debtors
-
4,494
22,906
42,638
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
-
2,399
Taxation and social security
13,525
11,185
Other creditors
410,750
467,664
424,275
481,248
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6
For the year ended 31 December 2022
Roverley Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
Included in bank loans
6. Average number of persons employed
During the year the average number of employees was 0
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