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REGISTERED NUMBER: SC533264 (Scotland)















ROLYAT PROPERTY GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)






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 PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S J Taylor
N J Taylor





SECRETARY: S J Taylor





REGISTERED OFFICE: 272 Bath Street
Glasgow
Lanarkshire
G2 4JR





REGISTERED NUMBER: SC533264 (Scotland)





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

ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,000 450,000

CURRENT ASSETS
Debtors 5 198,503 133,000
Cash at bank 5,571 4,796
204,074 137,796
CREDITORS
Amounts falling due within one year 6 271,722 294,257
NET CURRENT LIABILITIES (67,648 ) (156,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,352

293,539

CREDITORS
Amounts falling due after more than one
year

7

(349,622

)

(244,625

)

PROVISIONS FOR LIABILITIES (14,006 ) (14,006 )
NET ASSETS 18,724 34,908

ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 59,710 59,710
Retained earnings (41,086 ) (24,902 )
SHAREHOLDERS' FUNDS 18,724 34,908

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 6th November 2023 and were signed on its behalf by:





N J Taylor - Director


ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

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

1. STATUTORY INFORMATION

Rolyat Property Group Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2022
and 31st March 2023 450,000
NET BOOK VALUE
At 31st March 2023 450,000
At 31st March 2022 450,000

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Rolyat Training Limited 65,000 -
Prepayments 503 -
65,503 -

Amounts falling due after more than one year:
Rolyat Chepstow Limited 133,000 133,000

Aggregate amounts 198,503 133,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,500 14,875
Rolyat Property Services
Limited 268,930 278,185
Accruals and deferred income 1,292 1,197
271,722 294,257

ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,500 28,500
Bank loans - 2-5 years 4,500 58,500
Bank loans more 5 yr by instal 6,125 7,625
Bank loans more 5 yrs non-inst 337,497 150,000
349,622 244,625

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 337,497 150,000

Repayable by instalments
Bank loans more 5 yr by instal 6,125 7,625

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 351,122 259,500

A fixed and floating charge was created over all the present and future assets of the company

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 59,710

ROLYAT PROPERTY GROUP LIMITED (REGISTERED NUMBER: SC533264)

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

11. RELATED PARTY DISCLOSURES

The company owed Rolyat Property Services Limited £268,930 this year (2022 - £278,185); a company which the directors control equally.

The company was owed £133,000 from Rolyat Chepstow Limited this year (2022: £133,000); a company which the director S J Taylor controls.

The company was owed £65,000 from Rolyat Training Limited this year; a company which the directors control equally.