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REGISTERED NUMBER: 03057439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ROUNDSTONE FINANCE LIMITED
TRADING AS
GLYNNS VEHICLE CONTRACTS

ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROUNDSTONE FINANCE LIMITED
TRADING AS GLYNNS VEHICLE CONTRACTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: G Lowery



REGISTERED OFFICE: 8 Victoria Grove
Hove
East Sussex
BN3 2LJ



REGISTERED NUMBER: 03057439 (England and Wales)



ACCOUNTANTS: Parkers
178-180 Church Road
Hove, East Sussex
BN3 2DJ



BANKERS: Lloyds TSB plc
104 Terminus Road
Eastbourne
East Sussex
BN21 3AH

ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,937 21,648
Investments 5 6,819 6,819
25,756 28,467

CURRENT ASSETS
Stocks 160,584 4,500
Debtors 6 66,362 56,332
Investments 7 58,822 456,474
Cash at bank and in hand 427,621 266,875
713,389 784,181
CREDITORS
Amounts falling due within one year 8 71,364 75,775
NET CURRENT ASSETS 642,025 708,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,781

736,873

CREDITORS
Amounts falling due after more than one
year

9

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES (5,086 ) (23,566 )
NET ASSETS 656,862 697,474

ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

BALANCE SHEET - continued
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 10 25,586 64,762
Retained earnings 631,272 632,708
SHAREHOLDERS' FUNDS 656,862 697,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16th September 2025 and were signed by:





G Lowery - Director


ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

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

1. STATUTORY INFORMATION

Roundstone Finance 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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.
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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, loans to related parties and investments in non-puttable ordinary shares.

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.

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 balance sheet date.


ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

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

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st November 2023 104,423
Additions 1,447
At 31st October 2024 105,870
DEPRECIATION
At 1st November 2023 82,775
Charge for year 4,158
At 31st October 2024 86,933
NET BOOK VALUE
At 31st October 2024 18,937
At 31st October 2023 21,648

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2023
and 31st October 2024 6,819
NET BOOK VALUE
At 31st October 2024 6,819
At 31st October 2023 6,819

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,340 10,524
Other debtors 17,022 45,808
66,362 56,332

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 58,822 456,474

ROUNDSTONE FINANCE LIMITED (REGISTERED NUMBER: 03057439)
TRADING AS GLYNNS VEHICLE CONTRACTS

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,311 15,756
Taxation and social security 48,837 46,866
Other creditors 5,216 3,153
71,364 75,775

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,833 15,833

10. RESERVES
Fair
value
reserve
£   
At 1st November 2023 64,762
Realised gain movement (39,176 )

At 31st October 2024 25,586