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Registration number: 02702065

Roundset (Southern) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Roundset (Southern) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Roundset (Southern) Limited

Company Information

Directors | Mrs S P Whitworth Mr D E Whitworth Ms G Martin

Registered office | Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants | Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Roundset (Southern) Limited

(Registration number: 02702065)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 398 | 398
Current assets |  |  |
Debtors | 5 | 460,355 | 460,355
Cash at bank and in hand |  | 129 | 129
|  | 460,484 | 460,484
Creditors: Amounts falling due within one year | 6 | (17,015) | (17,015)
Net current assets |  | 443,469 | 443,469
Net assets |  | 443,867 | 443,867
Capital and reserves |  |  |
Called up share capital | 7 | 4 | 4
Share premium reserve |  | 99,998 | 99,998
Retained earnings |  | 343,865 | 343,865
Shareholders' funds |  | 443,867 | 443,867

Roundset (Southern) Limited

(Registration number: 02702065)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:

......................................... Mr D E Whitworth Director

Roundset (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixture and fittings | 10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Roundset (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Roundset (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 5,159 | 5,159
At 31 December 2024 | 5,159 | 5,159
Depreciation
At 1 January 2024 | 4,761 | 4,761
At 31 December 2024 | 4,761 | 4,761
Carrying amount
At 31 December 2024 | 398 | 398
At 31 December 2023 | 398 | 398

5 | Debtors

Current | 2024 £ | 2023 £
Other debtors | 460,355 | 460,355
| 460,355 | 460,355

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Taxation and social security | 160 | 160
Accruals and deferred income | 4,106 | 4,106
Other creditors | 12,749 | 12,749
| 17,015 | 17,015

Roundset (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 4 | 4 | 4 | 4

8 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

David Whitworth a director and shareholder of the company. Provision of working capital loan.
The loan has no interest or fixed date of repayment.

Summary of transactions with other related parties

Roundset Southern FURBS
Retirement benefit scheme for the benefit of company employees. Provision of loan

Loans to related parties

2024 | Other related parties £ | Total £
At start of period | 400,355 | 400,355
At end of period | 400,355 | 400,355

2023 | Other related parties £ | Total £
At start of period | 400,355 | 400,355
At end of period | 400,355 | 400,355

Loans from related parties

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 6,498 | 6,498
At end of period | 6,498 | 6,498

Roundset (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023 | Entities with joint control or significant influence £ | Total £
At start of period | 6,498 | 6,498
At end of period | 6,498 | 6,498

Terms of loans from related parties

Loan owed to Mr David Edward Whitworth, on no fixed repayment basis and at 0% interest.