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Company Registration No. 9837362 (England and Wales)
ROYALTY THREE LIMITED Unaudited accounts for the year ended 31 March 2024
ROYALTY THREE LIMITED Unaudited accounts Contents
Page
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ROYALTY THREE LIMITED Company Information for the year ended 31 March 2024
Director
William Bower
Company Number
9837362 (England and Wales)
Registered Office
30 Bewley Road Angmering BN16 4JL
Accountants
Angela MacCarthy Limited T A On The Spot 7 Chalfont Drive Hove East Sussex BN3 6QR
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ROYALTY THREE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
613 
1,116 
Current assets
Debtors
29,160 
8,310 
Cash at bank and in hand
25,959 
56,727 
55,119 
65,037 
Creditors: amounts falling due within one year
(23,666)
(36,144)
Net current assets
31,453 
28,893 
Net assets
32,066 
30,009 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,966 
29,909 
Shareholders' funds
32,066 
30,009 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
William Bower Director Company Registration No. 9837362
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ROYALTY THREE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ROYALTY THREE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9837362. The registered office is 30 Bewley Road, Angmering, BN16 4JL.
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.
3
Accounting policies
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.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Tangible Assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment
33.3% per annum straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,271 
At 31 March 2024
3,271 
Depreciation
At 1 April 2023
2,155 
Charge for the year
503 
At 31 March 2024
2,658 
Net book value
At 31 March 2024
613 
At 31 March 2023
1,116 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,200 
8,310 
Other debtors
21,960 
- 
29,160 
8,310 
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ROYALTY THREE LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,395 
19,523 
VAT
4,082 
7,854 
Trade creditors
191 
2,400 
Taxes and social security
1,773 
4,795 
Other creditors
1,323 
723 
Loans from directors
902 
849 
23,666 
36,144 
7
Transactions with related parties
The transactions with the director and shareholder have not been conducted under normal market conditions: £902 is owed to the director at the year end and no interest is being charged by the director. Included in Other Debtors is an amount of £17,000 due from TikScript Limited. No interest is being charged to the company. William Bower is a director & person with significant control of both companies.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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