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Registration number: 09996790

Roke Manor Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Roke Manor Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Roke Manor Limited

(Registration number: 09996790)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,566,316

2,036,085

Current assets

 

Debtors

7,952,407

2,890,088

Cash at bank and in hand

 

39,079

726,377

 

7,991,486

3,616,465

Creditors: Amounts falling due within one year

(2,395,548)

(2,985,272)

Net current assets

 

5,595,938

631,193

Total assets less current liabilities

 

8,162,254

2,667,278

Provisions for liabilities

(1,294)

(1,610)

Net assets

 

8,160,960

2,665,668

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

8,160,860

2,665,568

Total equity

 

8,160,960

2,665,668

For the financial 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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 18 October 2023 and signed on its behalf by:
 

O S Mitchell

Director

 

Roke Manor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

These financial statements were authorised for issue by the Board on 18 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Roke Manor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

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

Freehold property

2% Straight line

Land

Not depreciated

Plant and machinery

25% Reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

2,038,061

11,300

2,049,361

Additions

543,011

608

543,619

At 31 March 2023

2,581,072

11,908

2,592,980

Depreciation

At 1 April 2022

10,452

2,825

13,277

Charge for the year

11,115

2,272

13,387

At 31 March 2023

21,567

5,097

26,664

Carrying amount

At 31 March 2023

2,559,505

6,811

2,566,316

At 31 March 2022

2,027,610

8,475

2,036,085

Included within the net book value of land and buildings above is £2,559,505 (2022 - £2,027,610) in respect of freehold land and buildings.
 

 

Roke Manor Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5

Related party transactions

Summary of transactions with other related parties

Included within other debtors is a loan to Ovington Park Properties 2013 Ltd, a company connected by common control. At the balance sheet date, the company is owed by Ovington Park Properties 2013 Ltd £71,534 (2022 - £80,500).

Included within other creditors is a loan from Ovington Park Properties Ltd, a company connected by common control. At the balance sheet date, the company owed Ovington Park Properties Ltd £1,283,502 (2022 - £1,985,094).

Included within other debtors is a loan to Ovington Park Services LLP, a company connected by common control. At the balance sheet date, the company is owed by Ovington Park Services LLP £Nil (2022 - £21,000).

Included within other creditors is a loan to Coopers Yard (Hampshire) Ltd, a company connected by common control. At the balance sheet date, the company owed Coopers Yard (Hampshire) Ltd £130,000 (2022 - £Nil).

There is no interest is charged and the balances are repayable on demand.

 

6

Parent and ultimate parent undertaking

The company's immediate parent is Ovington Park Estates Ltd, incorporated in England & Wales.