Little Rollright Estate (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04537670 (England and Wales)

LITTLE ROLLRIGHT ESTATE (UK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

T E H Macfarlane

C A MacLeod

J Thorpe

M J Ramsay

REGISTERED OFFICE:

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ

REGISTERED NUMBER:

04537670 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Tangible assets

4

1,650,000

CURRENT ASSETS

Debtors

5

223,100

410,000

Cash at bank

198,757

111,248

421,857

521,248

CREDITORS

Amounts falling due within one year

6

55,330

226,458

NET CURRENT ASSETS

366,527

294,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,016,527

1,944,790

CREDITORS

Amounts falling due after more than one
year

7

(72,000

)

(72,000

)

PROVISIONS FOR LIABILITIES

(229,582

)

(229,582

)

NET ASSETS

1,714,945

1,643,208

CAPITAL AND RESERVES

Called up share capital

8

800,001

Revaluation reserve

9

557,182

Retained earnings

357,762

286,025

SHAREHOLDERS' FUNDS

1,714,945

1,643,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2025 and were signed on its behalf by:

T E H Macfarlane - Director

1.	STATUTORY INFORMATION

Little Rollright Estate (UK) Ltd 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.

The company's place of business is Little Rollright, Chipping Norton, Oxfordshire, OX7 5QA.

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 except for the modification to a market value basis for land and quarry as shown in the policies below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the total sales of mining rights receivable in the period together with rental income receivable in the period.

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.

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.

Tangible fixed assets

Tangible fixed assets consists of land and a quarry and is initially recognised at cost and is subsequently carried at valuation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

The Companies Act 2006 requires all fixed assets to be depreciated. However the director considers that because of high residual values any change would be immaterial and therefore to depreciate them would not give a true and fair view.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for projectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

An annual impairment review of net book values is undertaken for those tangible assets which are not depreciated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Land &

Quarry

£

COST OR VALUATION

At 1 October 2023

and 30 September 2024

1,650,000

NET BOOK VALUE

At 30 September 2024

1,650,000

At 30 September 2023

1,650,000

Cost or valuation at 30 September 2024 is represented by:

Land &

Quarry

£

Valuation in 2024

786,764

Cost

863,236

1,650,000

Land and quarry was valued on an open market basis on 30 September 2024 by the directors of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

215,000

410,000

Other debtors

8,100

-

223,100

410,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

-

195,000

Taxation and social security

51,330

27,418

Other creditors

4,000

4,040

55,330

226,458

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Other creditors

72,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

800,001

ordinary

£1

800,001

9.

RESERVES

Revaluation reserve relates to the movement on valuation of the land and quarry held by the company.