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REGISTERED NUMBER: 05679668 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Roxburgh Family Limited

Roxburgh Family Limited (Registered number: 05679668)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Roxburgh Family Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M S Roxburgh
Mrs K V Roxburgh
Miss V C Roxburgh
I N S Roxburgh





SECRETARY: I N S Roxburgh





REGISTERED OFFICE: Metherell Gard
Burn View
Bude
Cornwall
EX23 8BX





REGISTERED NUMBER: 05679668 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

Roxburgh Family Limited (Registered number: 05679668)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,111 3,619
Investment property 5 1,231,875 1,230,000
1,235,986 1,233,619

CURRENT ASSETS
Debtors 4,370 3,304
Cash at bank 728,936 851,839
733,306 855,143
CREDITORS
Amounts falling due within one year 971,615 1,007,497
NET CURRENT LIABILITIES (238,309 ) (152,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,677

1,081,265

CAPITAL AND RESERVES
Called up share capital 1,000,100 1,000,100
Fair value reserve 6 125,831 125,831
Retained earnings (128,254 ) (44,666 )
SHAREHOLDERS' FUNDS 997,677 1,081,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2023 and were signed on its behalf by:





I N S Roxburgh - Director


Roxburgh Family Limited (Registered number: 05679668)

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


1. STATUTORY INFORMATION

Roxburgh Family Limited 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 the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets, as specified in the accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade
discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income arising from operating leases on investment property is accounted for on a straight line basis over the lease term. For furnished holiday letting income, revenue is recognised in the period in which the first day of the booking falls. Deposits received for stays after the accounting period end are treated as deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 20% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in
periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of transaction.

Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Roxburgh Family Limited (Registered number: 05679668)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are recognised in the profit and loss account as they become payable.

Investment property
Investment property is included at fair value. Any aggregate gains or losses arising from changes in fair value
are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 19,525
Additions 1,763
At 31 March 2023 21,288
DEPRECIATION
At 1 April 2022 15,906
Charge for year 1,271
At 31 March 2023 17,177
NET BOOK VALUE
At 31 March 2023 4,111
At 31 March 2022 3,619

Tangible fixed assets included investment properties. Investment properties were reclassified last year to differentiate between fixed assets and investment property more clearly.

Roxburgh Family Limited (Registered number: 05679668)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,230,000
Additions 1,875
At 31 March 2023 1,231,875
NET BOOK VALUE
At 31 March 2023 1,231,875
At 31 March 2022 1,230,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,231,875

If investment property has not been revalued it would have been included at its historic cost of £1,148,122. Investment property was valued at the year end by management and was based partly on a third party external open market valuation in 2016 and partly on rental income yields. The open market valuation was based on existing leases.

6. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 125,831