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Registered number: 04589587
Roundhill Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Value Accounting Ltd
728A Melton Road
Thurmaston
Leicester
Leicestershire
LE4 8BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04589587
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 592,593 606,335
592,593 606,335
CURRENT ASSETS
Debtors 5 27,116 24,607
Cash at bank and in hand 187,433 178,794
214,549 203,401
Creditors: Amounts Falling Due Within One Year 6 (109,987 ) (96,972 )
NET CURRENT ASSETS (LIABILITIES) 104,562 106,429
TOTAL ASSETS LESS CURRENT LIABILITIES 697,155 712,764
Creditors: Amounts Falling Due After More Than One Year 7 (389,164 ) (401,094 )
NET ASSETS 307,991 311,670
CAPITAL AND RESERVES
Called up share capital 9 6 6
Revaluation reserve 11 273,116 276,069
Profit and Loss Account 34,869 35,595
SHAREHOLDERS' FUNDS 307,991 311,670
Page 1
Page 2
For the year ending 31 October 2024 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 Aditi Babla
Director
27 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roundhill Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04589587 . The registered office is 640 Melton Road, Thurmaston, Leicester, LE4 8BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:
Freehold Straight line over 50 years
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 24)
23 24
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2023 620,000 51,836 1,095 8,175 681,106
Additions - 870 257 1,710 2,837
Disposals - (375 ) - (4,126 ) (4,501 )
As at 31 October 2024 620,000 52,331 1,352 5,759 679,442
Depreciation
As at 1 November 2023 22,733 44,785 1,095 6,158 74,771
Provided during the period 12,400 2,852 40 1,197 16,489
Disposals - (306 ) - (4,105 ) (4,411 )
As at 31 October 2024 35,133 47,331 1,135 3,250 86,849
Net Book Value
As at 31 October 2024 584,867 5,000 217 2,509 592,593
As at 1 November 2023 597,267 7,051 - 2,017 606,335
The property situated at 640 Melton Road, Thurmaston, Leicester was revalued on 11th January 2022. The historical cost was £472,350
An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,819 7,098
Other debtors - 324
Director's loan account 14,084 12,972
22,903 20,394
Due after more than one year
Corporation tax recoverable assets 4,213 4,213
27,116 24,607
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,630 4,558
Bank loans and overdrafts 11,335 10,247
Corporation tax 5,694 7,489
Other taxes and social security 8,534 7,775
Net wages 23,845 20,291
Other creditors 2,892 7,653
Accruals and deferred income 50,057 38,959
109,987 96,972
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 389,164 401,094
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 338,365 360,106
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 369,480 374,767
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Aditi Babla 12,972 143,275 142,163 - 14,084
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation Reserve
£
As at 1 November 2023 276,069
Transfer to profit and loss (2,953 )
As at 31 October 2024 273,116
12. Ultimate Controlling Party
The company's ultimate controlling party is Aditi Babla by virtue of his ownership of 100% of the issued share capital in the company.
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