Company registration number 00726499 (England and Wales)
RODING VALLEY PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
RODING VALLEY PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RODING VALLEY PROPERTIES LIMITED (REGISTERED NUMBER: 00726499)
BALANCE SHEET
AS AT
1 APRIL 2024
01 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
900
900
Investments
4
12,390
12,390
13,290
13,290
Current assets
Debtors
5
12,262
13,285
Cash at bank and in hand
37,531
33,757
49,793
47,042
Creditors: amounts falling due within one year
6
(11,810)
(10,647)
Net current assets
37,983
36,395
Net assets
51,273
49,685
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
51,173
49,585
Total equity
51,273
49,685
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 1 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 November 2024 and are signed on its behalf by:
Mr R L Nalder
Director
RODING VALLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 APRIL 2024
- 2 -
1
Accounting policies
Company information
Roding Valley Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 Sekforde Street, London, England, EC1R 0HH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the rents received as the normal course of business.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
RODING VALLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 APRIL 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Investment property
2024
£
Fair value
At 2 April 2023 and 1 April 2024
900
Investment property comprises property at fair value of £900. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
12,390
12,390
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
12,262
13,285
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
372
9
Other creditors
11,438
10,638
11,810
10,647
7
Related party transactions
RODING VALLEY PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 1 APRIL 2024
7
Related party transactions
(Continued)
- 4 -
Included within other debtors is an amount owed to a connected company totalling £12,262 (2023: £13,285)