Registration number: 02991137

The Roundel Preservation Company Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 7

The Roundel Preservation Company Limited

Company Information

Directors

Mr D Harrington Mr R Lane

Company secretary

Justin Foster

Registered office

137 Old Roar Road St. Leonards-On-Sea East Sussex TN37 7HH

Accountants

Manningtons Chartered Accountants39 High Street Battle East Sussex TN33 0EE

The Roundel Preservation Company Limited

(Registration number: 02991137)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	10,500	10,500
Current assets
Debtors	5	119	118
Cash at bank and in hand		1,182	1,367
		1,301	1,485
Creditors: Amounts falling due within one year	6	(496)	(496)
Net current assets		805	989
Total assets less current liabilities		11,305	11,489
Creditors: Amounts falling due after more than one year	6	(11,402)	(11,402)
Net (liabilities)/assets		(97)	87
Capital and reserves
Called up share capital		48	48
Retained earnings		(145)	39
Shareholders' (deficit)/funds		(97)	87

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 15 September 2025 and signed on its behalf by:
 

......................................... Mr D Harrington Director

The Roundel Preservation Company Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	48	39	87
Loss for the year	-	(184)	(184)
At 31 December 2024	48	(145)	(97)

	Share capital £	Retained earnings £	Total £
At 1 January 2023	48	864	912
Loss for the year	-	(825)	(825)
At 31 December 2023	48	39	87

The Roundel Preservation Company 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 UK.

The address of its registered office is:
137 Old Roar Road
St. Leonards-On-Sea
East Sussex
TN37 7HH
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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover represents amounts chargeable in respect of contributions from members.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

The Roundel Preservation Company Limited

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

Asset class	Depreciation method and rate
Land	not depreciated

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.

Trade debtors

Trade debtors are amounts due from members in respect of contributions due for the year but not yet paid, as expected in the ordinary course of business.

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.

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 1 (2023 - 1).

The Roundel Preservation Company Limited

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

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2024	10,500	10,500
At 31 December 2024	10,500	10,500
Depreciation
Carrying amount
At 31 December 2024	10,500	10,500
At 31 December 2023	10,500	10,500

Included within the net book value of land and buildings above is £10,500 (2023 - £10,500) in respect of freehold land and buildings.
 

5

Debtors

	2024 £	2023 £
Prepayments	119	118
	119	118

The Roundel Preservation Company Limited

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

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	480	480
Other creditors	16	16
	496	496

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	11,402	11,402

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	11,402	11,402