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REGISTERED NUMBER: 05028544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Roundwood Facilities Limited

Roundwood Facilities Limited (Registered number: 05028544)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Roundwood Facilities Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: R B Tant
Mrs K Tant





REGISTERED OFFICE: Western House
3 Main Street
Lowick
Berwick Upon Tweed
TD15 2UD





REGISTERED NUMBER: 05028544 (England and Wales)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Roundwood Facilities Limited (Registered number: 05028544)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 385 480
Investments 5 497,189 497,189
Investment property 6 - 614,573
497,574 1,112,242

CURRENT ASSETS
Debtors 7 150,913 129,682
Cash at bank 475,713 218
626,626 129,900
CREDITORS
Amounts falling due within one year 8 (855,848 ) (907,685 )
NET CURRENT LIABILITIES (229,222 ) (777,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,352

334,457

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 268,350 334,455
268,352 334,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th July 2024 and were signed on its behalf by:





R B Tant - Director


Roundwood Facilities Limited (Registered number: 05028544)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Roundwood Facilities 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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 Statement of Income and Retained Earnings, 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.

Roundwood Facilities Limited (Registered number: 05028544)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 3,756
DEPRECIATION
At 1st February 2023 3,276
Charge for year 95
At 31st January 2024 3,371
NET BOOK VALUE
At 31st January 2024 385
At 31st January 2023 480

Roundwood Facilities Limited (Registered number: 05028544)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 497,189 497,189

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 614,573
Disposals (614,573 )
At 31st January 2024 -
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 614,573

The directors consider the fair value of the property to not be significantly different from the cost value so the property has been valued accordingly.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 150,912 128,816
Other debtors 1 866
150,913 129,682

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,392 15,243
Taxation and social security 460 417
Other creditors 841,996 892,025
855,848 907,685

9. RELATED PARTY DISCLOSURES

The company operates a directors' current account. As at 31st January 2024 the company owed the sum of £841,276 (2023 - £891,305). This sum is interest free and repayable on demand.