0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 50,000 50,000 50,000 xbrli:pure xbrli:shares iso4217:GBP 09853898 2022-04-01 2023-03-31 09853898 2023-03-31 09853898 2022-03-31 09853898 2022-03-31 09853898 bus:Director2 2022-04-01 2023-03-31 09853898 core:WithinOneYear 2022-03-31 09853898 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09853898 core:ShareCapital 2023-03-31 09853898 core:ShareCapital 2022-03-31 09853898 core:RetainedEarningsAccumulatedLosses 2023-03-31 09853898 core:RetainedEarningsAccumulatedLosses 2022-03-31 09853898 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 09853898 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 09853898 bus:SmallEntities 2022-04-01 2023-03-31 09853898 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09853898 bus:FullAccounts 2022-04-01 2023-03-31 09853898 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09853898 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09853898 core:ParentEntities 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 09853898
ROMAN BOUNDARY PARK LIMITED
Filleted Unaudited Financial Statements
31 March 2023
ROMAN BOUNDARY PARK LIMITED
Financial Statements
Year ended 31 March 2023
CONTENTS
PAGES
Statement of Financial Position
1 to 2
Notes to the Financial Statements
3 to 5
ROMAN BOUNDARY PARK LIMITED
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
50,000
Current assets
Debtors
5
308,455
Cash at bank and in hand
21,200
----
----------
329,655
Creditors: amounts falling due within one year
6
( 177,361)
----
----------
Net current assets
152,294
----
----------
Total assets less current liabilities
202,294
Provisions
( 12,500)
----
----------
Net assets
189,794
----
----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1)
189,793
----
----------
Shareholders funds
189,794
----
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ROMAN BOUNDARY PARK LIMITED
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 10 November 2023 , and are signed on behalf of the board by:
Mr D J Rosenberg
Director
Company registration number: 09853898
ROMAN BOUNDARY PARK LIMITED
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1b 1 Bridge Lane, London, NW11 0EA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover of the company is represented by rents and charges receivable in respect of its investment property.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Freehold property
£
Cost
At 1 April 2022
50,000
Disposals
( 50,000)
---------
At 31 March 2023
---------
Carrying amount
At 31 March 2023
---------
At 31 March 2022
50,000
---------
5. Debtors
2023
2022
£
£
Trade debtors
1,435
Other debtors
307,020
----
----------
308,455
----
----------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
923
Amounts owed to group undertakings
173,330
Other creditors
3,108
----
----------
177,361
----
----------
7. Related party transactions
Dividends totalling £165,490 (2022: £Nil) were paid to the parent undertaking in the year. Amounts owed to group undertakings represents amounts totalling £Nil (2022: £173,330) due to the parent undertaking.
8. Controlling party
The company is under the control of Roman Investments Limited, a company registered in England and Wales, which is a subsidiary of the ultimate controlling party, Roman Investments Property Holdings Limited, a company registered in England and Wales.