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REGISTERED NUMBER: 12124814 (Wales)















ROLYAT SPEKE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROLYAT SPEKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S J Taylor
N J Taylor





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
NP44 3AU





REGISTERED NUMBER: 12124814 (Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 274,351 274,351

CURRENT ASSETS
Debtors 5 8,219 8,481
Cash at bank 3,492 4,744
11,711 13,225
CREDITORS
Amounts falling due within one year 6 28,961 17,817
NET CURRENT LIABILITIES (17,250 ) (4,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,101

269,759

CREDITORS
Amounts falling due after more than one
year

7

(241,269

)

(251,425

)

PROVISIONS FOR LIABILITIES (22,092 ) (16,790 )
NET (LIABILITIES)/ASSETS (6,260 ) 1,544

ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 66,277 71,579
Retained earnings (72,539 ) (70,037 )
SHAREHOLDERS' FUNDS (6,260 ) 1,544

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2024 and were signed on its behalf by:





N J Taylor - Director


ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Rolyat Speke Limited is a private company, limited by shares , registered in 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.
Freehold property - Not provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 260,000 14,351 274,351
NET BOOK VALUE
At 31st March 2024 260,000 14,351 274,351
At 31st March 2023 260,000 14,351 274,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Rolyat Chepstow Limited 8,000 8,000
Prepayments 219 481
8,219 8,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,039 11,039
Trade creditors 924 854
Rolyat Training Limited 16,000 5,000
Accrued expenses 998 924
28,961 17,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,039 11,039
Bank loans - 2-5 years 33,116 33,116
Bank loans more 5 yr by instal 131,180 141,811
Rolyat Property Services
Limited 65,934 65,459
241,269 251,425

ROLYAT SPEKE LIMITED (REGISTERED NUMBER: 12124814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 131,180 141,811

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1st April 2023 71,579
Revaluation reserve transfer (5,302 )

At 31st March 2024 66,277

10. RELATED PARTY DISCLOSURES

Rolyat Property Services Limited was owed £65,934 (2023 - £65,459) by the company at the year end; a company which the directors control equally.

Rolyat Training Limited was owed £16,000 (2023 - £5,000) by the company at the year end; a company which the directors control equally.

Rolyat Chepstow Limited owes the company £8,000 (2023 - £8,000) at the year end; a company which the directors control equally.