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REGISTERED NUMBER: 02674370 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st July 2023

for

ROUNDFERN LIMITED

ROUNDFERN LIMITED (REGISTERED NUMBER: 02674370)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROUNDFERN LIMITED

Company Information
for the Year Ended 31st July 2023







DIRECTORS: Mrs A Lynn
Mrs C E Hull
D J Lynn





SECRETARY: Mrs C E Hull





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 02674370 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

ROUNDFERN LIMITED (REGISTERED NUMBER: 02674370)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 250,000 250,000
250,001 250,001

CURRENT ASSETS
Cash at bank 13,110 11,302

CREDITORS
Amounts falling due within one year 6 165,907 167,208
NET CURRENT LIABILITIES (152,797 ) (155,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,204

94,095

CAPITAL AND RESERVES
Called up share capital 24 24
Fair value reserve 7 4,673 4,673
Retained earnings 92,507 89,398
SHAREHOLDERS' FUNDS 97,204 94,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 5th March 2024 and were signed on its behalf by:




Mrs A Lynn - Director


ROUNDFERN LIMITED (REGISTERED NUMBER: 02674370)

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

1. STATUTORY INFORMATION

Roundfern 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 represents net rental income receivable under operating leases. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost

Investment property
The company's property is held for long-term investment and is included in the Balance Sheet at its open market value. The surplus or deficit on revaluation is transferred to the fair value reserve. Depreciation is not provided in respect of freehold investment property.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st August 2022
and 31st July 2023 334
DEPRECIATION
At 1st August 2022
and 31st July 2023 333
NET BOOK VALUE
At 31st July 2023 1
At 31st July 2022 1

ROUNDFERN LIMITED (REGISTERED NUMBER: 02674370)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 250,000
NET BOOK VALUE
At 31st July 2023 250,000
At 31st July 2022 250,000

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2022 4,673
Cost 245,327
250,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 245,327 245,327

Freehold land and buildings were valued on an open market basis on 31st July 2023 by the directors .

Freehold land and buildings are let under operating leases.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax reserve 941 1,301
Directors' loan accounts 163,611 164,611
Accrued expenses 1,355 1,296
165,907 167,208

7. RESERVES
Fair
value
reserve
£   
At 1st August 2022
and 31st July 2023 4,673

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £900 (2022 £900) were paid to Mrs C E Hull, one of the directors.