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REGISTERED NUMBER: 09997583 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Royle Berkshire Developments Limited

Royle Berkshire Developments Limited (Registered number: 09997583)






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


Royle Berkshire Developments Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Dr A S Ghatahora
T S Ghatahora





REGISTERED OFFICE: 7 Wychcotes
Caversham
Reading
RG4 7DA





REGISTERED NUMBER: 09997583 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Royle Berkshire Developments Limited (Registered number: 09997583)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,578,290 1,300,967

CURRENT ASSETS
Debtors 5 76,867 4,741
Cash in hand 21,095 11,718
97,962 16,459
CREDITORS
Amounts falling due within one year 6 (563,786 ) (320,769 )
NET CURRENT LIABILITIES (465,824 ) (304,310 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,112,466 996,657

CREDITORS
Amounts falling due after more than one
year

7

(825,348

)

(825,348

)

PROVISIONS FOR LIABILITIES (47,500 ) (9,232 )
NET ASSETS 239,618 162,077

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 8 250,000 150,000
Capital redemption reserve 50 50
Other reserves (47,500 ) (9,232 )
Retained earnings 37,018 21,209
239,618 162,077

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.

Royle Berkshire Developments Limited (Registered number: 09997583)

Balance Sheet - continued
31st March 2023


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 19th February 2024 and were signed on its behalf by:





Dr A S Ghatahora - Director


Royle Berkshire Developments Limited (Registered number: 09997583)

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

1. STATUTORY INFORMATION

Royle Berkshire Developments 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.

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

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.

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 NIL (2022 - NIL).

Royle Berkshire Developments Limited (Registered number: 09997583)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 1,300,967
Additions 177,323
Revaluations 100,000
At 31st March 2023 1,578,290
NET BOOK VALUE
At 31st March 2023 1,578,290
At 31st March 2022 1,300,967

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2017 150,000
Valuation in 2023 100,000
Cost 1,328,290
1,578,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,625 -
Other debtors 75,000 3,084
Prepayments and accrued income 242 1,657
76,867 4,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,484 29,484
Tax 3,882 -
Other creditors 445 -
Directors' current accounts 528,535 288,535
Accruals and deferred income 1,440 2,750
563,786 320,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,484 29,484
Bank loans - 2-5 years 795,864 795,864
825,348 825,348

Royle Berkshire Developments Limited (Registered number: 09997583)

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

8. RESERVES
Revaluation
reserve
£   
At 1st April 2022 150,000
Revaluation in year 100,000

At 31st March 2023 250,000