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REGISTERED NUMBER: 09033556 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ROUNDBERRY LIMITED

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROUNDBERRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr A C Redman
Ms N L Edwards





REGISTERED OFFICE: 12 Sackville Gardens
Hove
East Sussex
BN3 4GH





REGISTERED NUMBER: 09033556 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,096,233 11,158,447
Investments 5 200 200
11,096,433 11,158,647

CURRENT ASSETS
Stocks 6 - 451,641
Debtors 7 16,414 19,772
Cash at bank 212,168 113,056
228,582 584,469
CREDITORS
Amounts falling due within one year 8 3,913,054 3,097,994
NET CURRENT LIABILITIES (3,684,472 ) (2,513,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,411,961

8,645,122

CREDITORS
Amounts falling due after more than one
year

9

(4,144,014

)

(5,364,947

)

PROVISIONS FOR LIABILITIES 11 (606,330 ) (620,330 )
NET ASSETS 2,661,617 2,659,845

CAPITAL AND RESERVES
Called up share capital 12 200 200
Revaluation reserve 13 1,182,847 1,224,847
Retained earnings 1,478,570 1,434,798
SHAREHOLDERS' FUNDS 2,661,617 2,659,845

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr A C Redman - Director


ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Roundberry 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 as modified by the revaluation of certain assets.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Motor Vehicle - 15% on reducing balance method

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

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


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

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


4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
Cost or valuation
At 1 June 2023 11,062,653 112,699 11,175,352
Additions 748,001 - 748,001
Disposals (795,846 ) - (795,846 )
At 31 May 2024 11,014,808 112,699 11,127,507
Depreciation
At 1 June 2023 - 16,905 16,905
Charge for year - 14,369 14,369
At 31 May 2024 - 31,274 31,274
Net book value
At 31 May 2024 11,014,808 81,425 11,096,233
At 31 May 2023 11,062,653 95,794 11,158,447

Cost or valuation at 31 May 2024 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Valuation in 2023 1,033,203 - 1,033,203
Valuation in 2024 (56,000 ) - (56,000 )
Cost 10,037,605 112,699 10,150,304
11,014,808 112,699 11,127,507

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 June 2023
and 31 May 2024 200
Net book value
At 31 May 2024 200
At 31 May 2023 200

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

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


6. STOCKS
31.5.24 31.5.23
£    £   
Work-in-progress - 451,641

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 12,989 17,589
Prepayments and accrued income 3,425 2,183
16,414 19,772

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Hire purchase contracts 13,706 13,706
Amounts owed to participating interests 1,264,921 587,643
Tax 31,757 17,610
VAT 19,406 2,802
Other creditors 85,018 130,022
Directors' current accounts 2,453,549 2,331,548
Accruals and deferred income 34,697 4,663
3,913,054 3,097,994

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 10) 4,087,863 5,295,091
Hire purchase contracts 56,151 69,856
4,144,014 5,364,947

10. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,087,863 5,295,091

ROUNDBERRY LIMITED (REGISTERED NUMBER: 09033556)

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


11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 606,330 620,330

Deferred
tax
£   
Balance at 1 June 2023 620,330
Provided during year (14,000 )
Balance at 31 May 2024 606,330

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200

13. RESERVES
Revaluation
reserve
£   
At 1 June 2023 1,224,847
Special Reserve (42,000 )

At 31 May 2024 1,182,847