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Registered number: 04562534
Roy Head Property Company Ltd
Unaudited Financial Statements
For The Year Ended 30 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04562534
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 496,325 496,679
496,325 496,679
CURRENT ASSETS
Debtors 5 250 250
Cash at bank and in hand 460 2,752
710 3,002
Creditors: Amounts Falling Due Within One Year 6 (255,493 ) (238,212 )
NET CURRENT ASSETS (LIABILITIES) (254,783 ) (235,210 )
TOTAL ASSETS LESS CURRENT LIABILITIES 241,542 261,469
Creditors: Amounts Falling Due After More Than One Year 7 (135,311 ) (144,402 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,000 ) (3,500 )
NET ASSETS 105,231 113,567
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair Value Reserve 10 61,235 61,235
Profit and Loss Account 43,994 52,330
SHAREHOLDERS' FUNDS 105,231 113,567
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For the year ending 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Clayton
Director
11/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Roy Head Property Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04562534 . The registered office is SF4 Stapeley House, London Road, Stapeley, Nantwich, Cheshire, CW5 7JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the entity.

The monetary amounts included in the accounts have been rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services
Turnover from the rendering of services is recognised by reference to the date of rental of the properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles No charge as residual value equals cost
Computer Equipment 33% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairent are recognised in the profit and loss account in administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 31 October 2022 495,000 194 599 5,498 501,291
As at 30 October 2023 495,000 194 599 5,498 501,291
Depreciation
As at 31 October 2022 - 184 - 4,428 4,612
Provided during the period - 1 - 353 354
As at 30 October 2023 - 185 - 4,781 4,966
Net Book Value
As at 30 October 2023 495,000 9 599 717 496,325
As at 31 October 2022 495,000 10 599 1,070 496,679
The investment properties are carried at fair value based on property valuations carried out by the director Mr A Clayton.
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5. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 250 250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 9,637 10,454
Accruals and deferred income 1,920 1,919
Director's loan account 243,936 225,839
255,493 238,212
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 135,311 144,402
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 88,856 97,431
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured, by a fixed charge over one of the investment properties, which is held by National Westminster Bank Plc.
2023 2022
£ £
Bank loans and overdrafts 144,948 154,856
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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10. Reserves
Fair Value Reserve
£
As at 31 October 2022 61,235
As at 30 October 2023 61,235
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