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REGISTERED NUMBER: 11220177 (England and Wales)















ROLYAT CHEPSTOW LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROLYAT CHEPSTOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S J Taylor
N J Taylor





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 11220177 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,421 12,421
Investment property 5 680,000 600,000
692,421 612,421

CURRENT ASSETS
Debtors 6 73,385 49,272
Cash at bank 5,711 32,170
79,096 81,442
CREDITORS
Amounts falling due within one year 7 99,578 53,629
NET CURRENT (LIABILITIES)/ASSETS (20,482 ) 27,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,939

640,234

CREDITORS
Amounts falling due after more than one
year

8

(453,279

)

(469,699

)

PROVISIONS FOR LIABILITIES (54,851 ) (37,966 )
NET ASSETS 163,809 132,569

ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Non distributable reserves 10 233,837 170,721
Retained earnings (70,128 ) (38,252 )
SHAREHOLDERS' FUNDS 163,809 132,569

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

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th November 2023 and were signed on its behalf by:





S J Taylor - Director


ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Rolyat Chepstow 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvemen
to
property
£   
COST
At 1st April 2022
and 31st March 2023 12,421
NET BOOK VALUE
At 31st March 2023 12,421
At 31st March 2022 12,421

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 600,000
Revaluations 80,000
At 31st March 2023 680,000
NET BOOK VALUE
At 31st March 2023 680,000
At 31st March 2022 600,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2018 108,687
Valuation in 2022 100,000
Valuation in 2023 80,000
Cost 391,313
680,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 73,385 49,272

ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,835 11,153
Trade creditors 2,917 390
Rolyat Speke Limited 8,000 -
Rolyat Property Services Ltd 44,713 38,476
Rolyat Training Limited 20,000 -
Corporation Tax 1,067 (1 )
Accruals and deferred income 7,046 3,611
99,578 53,629

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,835 11,153
Bank loans - 2-5 years 57,784 39,055
Bank loans more 5 yr by instal 193,162 234,602
Rolyat Property Group Limited 133,000 133,000
Directors' loan accounts 53,498 51,889
453,279 469,699

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,162 234,602

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ROLYAT CHEPSTOW LIMITED (REGISTERED NUMBER: 11220177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

10. RESERVES
Non
distributable
reserves
£   
At 1st April 2022 170,721
Fair value reserve transfer 63,116

At 31st March 2023 233,837

11. RELATED PARTY DISCLOSURES

As at 31 March 2023 the company owed the director S J Taylor £53,498 (2022 - £51,889)

The company owed £44,713 (2022 - £38,476) to Rolyat Property Services Limited as at 31 March 2023. Rolyat Property Services Limited is a company which the director S J Taylor exercises joint control.

The company owed £133,000 (2022 - £133,000) to Rolyat Property Group Limited as at 31 March 2023. Rolyat Property Group Limited is a company which the director S J Taylor exercises joint control.

The company owed £20,000 to Rolyat Training Limited as at 31 March 2023. Rolyat Training Limited is a company which the director S J Taylor exercises joint control.

The company owed £8,000 to Rolyat Speke Limited as at 31 March 2023. Rolyat Speke Limited is a company which the director S J Taylor exercises joint control.

The mortgage balance is covered by the directors personal guarantees.