Roundhouse Property North West Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05882265

Roundhouse Property North West Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Roundhouse Property North West Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		10,091,316	10,993,967

Current assets

Debtors	5	1,205,965	853,021
Cash at bank and in hand		102,879	46,087
		-------------	----------
		1,308,844	899,108

Creditors: Amounts falling due within one year	6	2,939,721		3,631,254
		-------------		-------------
Net current liabilities			1,630,877	2,732,146
			---------------	---------------
Total assets less current liabilities			8,460,439	8,261,821

Creditors: Amounts falling due after more than one year	7		5,282,751	5,535,063

Provisions

Taxation including deferred tax	322,218	313,137
	-------------	-------------
Net assets	2,855,470	2,413,621
	-------------	-------------

Capital and reserves

Called up share capital	4	4
Profit and loss account	2,855,466	2,413,617
	-------------	-------------
Shareholders funds	2,855,470	2,413,621
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Roundhouse Property North West Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mrs J Lefton	Mr J H Lefton
Director	Director

Company registration number: 05882265

Roundhouse Property North West Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Roundhouse Court, South Rings Office Village, Bamber Bridge, Preston, PR5 6DA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

3.1 Basis of preparation

The financial statements have been prepared on the historical cost basis except for investment property which is measured at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Revenue recognition

Turnover represents amounts receivable, exclusive of VAT, for rental income from investment properties and is recognised on a straight-line basis over the term of the leases. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis.

3.3 Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3.4 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

3.5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor Vehicles	-	25% straight line
Equipment	-	25% straight line

3.6 Investment property

Investment property is included at fair value and any changes in fair value are recognised in income statement. Deferred taxation is provided on the gains at the rate expected to apply when the property is sold.

3.7 Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Investment property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost or fair value
At 1 April 2024	10,937,107	15,194	85,192	2,481	11,039,974
Additions	81,091	–	51,596	–	132,687
Disposals	( 975,461)	–	( 85,192)	–	( 1,060,653)
	--------------	---------	---------	-------	--------------
At 31 March 2025	10,042,737	15,194	51,596	2,481	10,112,008
	--------------	---------	---------	-------	--------------
Depreciation
At 1 April 2024	–	4,783	39,678	1,546	46,007
Charge for the year	–	3,798	10,319	246	14,363
Disposals	–	–	( 39,678)	–	( 39,678)
	--------------	---------	---------	-------	--------------
At 31 March 2025	–	8,581	10,319	1,792	20,692
	--------------	---------	---------	-------	--------------
Carrying amount
At 31 March 2025	10,042,737	6,613	41,277	689	10,091,316
	--------------	---------	---------	-------	--------------
At 31 March 2024	10,937,107	10,411	45,514	935	10,993,967
	--------------	---------	---------	-------	--------------

At 31st March 2025 the directors assessed the fair value of investment properties based on rental yields .

5. Debtors

	2025	2024
	£	£
Trade debtors	119,455	171,116
Other debtors	1,086,510	681,905
	-------------	----------
	1,205,965	853,021
	-------------	----------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	61,870	119,957
Corporation tax	13,921	70,355
Social security and other taxes	72,575	48,345
Other creditors	2,791,355	3,392,597
	-------------	-------------
	2,939,721	3,631,254
	-------------	-------------

The directors current account balances disclosed in creditors falling due within one year are secured by the company.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,358,751	1,922,563
Other creditors	3,924,000	3,612,500
	-------------	-------------
	5,282,751	5,535,063
	-------------	-------------

The other creditors disclosed in creditors falling due after one year are secured by the company.

8. Directors' advances, credits and guarantees

At the balance sheet date the company was owed £ 284,696 (2024:£ 108,764 ) by a director. The loan was repayable on demand and the rate of interest charged was 2.25% (202:2.25%). Interest received by the company amounted to £6,128 (2024:£1,477). The loan was repaid on 16th December 2025.