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REGISTERED NUMBER: 11382552 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ROMSEY PROPERTY INVESTMENTS LTD

ROMSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11382552)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

ROMSEY PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr R Sheppard
Mrs A J Sheppard





REGISTERED OFFICE: Coombe Cottage
Church Lane
Awbridge
Romsey
Hampshire
SO51 0HN





REGISTERED NUMBER: 11382552 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

ROMSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11382552)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119 178
Investment property 5 470,000 470,000
470,119 470,178

CURRENT ASSETS
Debtors 6 1,356 1,431
Cash at bank 2,700 4,904
4,056 6,335
CREDITORS
Amounts falling due within one year 7 141,365 141,686
NET CURRENT LIABILITIES (137,309 ) (135,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,810

334,827

CREDITORS
Amounts falling due after more than one
year

8

(292,562

)

(292,634

)

PROVISIONS FOR LIABILITIES (7,647 ) (7,647 )
NET ASSETS 32,601 34,546

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 32,599 32,599
Retained earnings - 1,945
32,601 34,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:



Mrs A J Sheppard - Director


ROMSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11382552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Romsey Property Investments Ltd 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 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.

REVENUE RECOGNITION
Turnover represents the amounts receivable by the company, in respect of residential property letting services provided.

Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

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 Income Statement, 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.

SHORT TERM DEBTORS AND CREDITORS
Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised in the income statement in other operating expenses.

3. EMPLOYEES AND DIRECTORS

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

ROMSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11382552)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 297
DEPRECIATION
At 1 June 2022 119
Charge for year 59
At 31 May 2023 178
NET BOOK VALUE
At 31 May 2023 119
At 31 May 2022 178

5. INVESTMENT PROPERTY

Investment properties are included at a valuation of £470,000 at 31 May 2023 (2022: £470,000). This valuation is based on an assessment of open market value of the property as determined by the directors based on a review of local property trends.

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2021 65,246
Valuation in 2022 (25,000 )
Cost 429,754
470,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,159 1,125
Prepayments 197 306
1,356 1,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,128 4,128
Tax - 685
Other creditors 98,268 97,517
Directors' current accounts 37,356 37,856
Accrued expenses 1,613 1,500
141,365 141,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 16,513 16,513
Bank loans more than 5 years
by instalments 276,049 276,121
292,562 292,634

ROMSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11382552)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 276,049 276,121
276,049 276,121

9. SECURED DEBTS

Any bank borrowing facility used during the year is secured by a charge over the investment properties held by the company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROMSEY PROPERTY INVESTMENTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Romsey Property Investments Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Romsey Property Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Romsey Property Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Romsey Property Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Romsey Property Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Romsey Property Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Romsey Property Investments Ltd. You consider that Romsey Property Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Romsey Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


Date: .............................................