REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st July 2023 |
for |
ROUNDFERN LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
ROUNDFERN LIMITED (REGISTERED NUMBER: 02674370) |
Notes to the Financial Statements |
for the Year Ended 31st July 2023 |
1. | STATUTORY INFORMATION |
Roundfern Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net rental income receivable under operating leases. The company is not registered for value added tax. |
Tangible fixed assets |
Office equipment | - |
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 |
DEPRECIATION |
At 1st August 2022 |
and 31st July 2023 |
NET BOOK VALUE |
At 31st July 2023 |
At 31st July 2022 |
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 |
NET BOOK VALUE |
At 31st July 2023 |
At 31st July 2022 |
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 |
Directors' loan accounts | 163,611 | 164,611 |
Accrued expenses |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st August 2022 |
and 31st July 2023 |
8. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £900 (2022 £900) were paid to Mrs C E Hull, one of the directors. |