Company Registration No. 13025829 (England and Wales)
RO&RO LTD
Unaudited accounts
for the year ended 30 November 2023
RO&RO LTD
Unaudited accounts
Contents
RO&RO LTD
Company Information
for the year ended 30 November 2023
Directors
UKHUELEIGBE, Michael
UKHUELEIGBE, Tina Olaronke
Company Number
13025829 (England and Wales)
Registered Office
3 Coldharbour Road
Northfleet
Gravesend
Kent
DA11 8AE
England
Accountants
Ease Accounting Associates UK Limited
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of RO&RO LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RO&RO LTD for the year ended
30 November 2023 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of RO&RO LTD, as a body, in accordance with the terms of our engagement letter dated 20 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of RO&RO LTD and state those matters that we have agreed to state to the Board of Directors of RO&RO LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RO&RO LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RO&RO LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RO&RO LTD. You consider that RO&RO 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 accounts of RO&RO 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 accounts.
Ease Accounting Associates UK Limited
Chartered Accountants
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
9 August 2024
RO&RO LTD
Statement of financial position
as at 30 November 2023
Investment property
300,000
300,000
Cash at bank and in hand
6,211
4,249
Creditors: amounts falling due within one year
(78,813)
(74,896)
Net current liabilities
(68,812)
(70,647)
Total assets less current liabilities
231,188
229,353
Creditors: amounts falling due after more than one year
(228,375)
(228,375)
Called up share capital
2
2
Profit and loss account
2,811
976
Shareholders' funds
2,813
978
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
UKHUELEIGBE, Michael
Director
Company Registration No. 13025829
RO&RO LTD
Notes to the Accounts
for the year ended 30 November 2023
RO&RO LTD is a private company, limited by shares, registered in England and Wales, registration number 13025829. The registered office is 3 Coldharbour Road, Northfleet, Gravesend, Kent, DA11 8AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Fair value at 1 December 2022
300,000
At 30 November 2023
300,000
Amounts falling due within one year
RO&RO LTD
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
659
229
Loans from directors
77,051
74,165
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
228,375
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).