Round Oak Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12311065

Round Oak Property Limited

Filleted Unaudited Financial Statements

31 March 2025

Round Oak Property Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	150,000	150,000

Current assets

Debtors	5	100	100
Cash at bank and in hand		3,813	4,165
		-------	-------
		3,913	4,265

Creditors: amounts falling due within one year	6	9,472	9,449
		-------	-------
Net current liabilities		5,559	5,184
		---------	---------
Total assets less current liabilities		144,441	144,816

Creditors: amounts falling due after more than one year	7	34,314	41,890
		---------	---------
Net assets		110,127	102,926
		---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		110,027	102,826
		---------	---------
Shareholders funds		110,127	102,926
		---------	---------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Round Oak Property Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 2 January 2026 , and are signed on behalf of the board by:

Mr M Williams
Director

Company registration number: 12311065

Round Oak Property 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 3E Addison Road, Brierley Hill, West Midlands, DY5 3RY, England.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Investments

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	150,000
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	150,000
	---------
At 31 March 2024	150,000
	---------

The investment property is currently held in the accounts at the cost price of £150,000. At the reporting date the director has assessed the value of the property and does not consider it to be materially different from the value held in the financial statements.

5. Debtors

	2025	2024
	£	£
Other debtors	100	100
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,576	7,277
Accruals and deferred income	720	630
Corporation tax	1,176	1,542
	-------	-------
	9,472	9,449
	-------	-------

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

	2025	2024
	£	£
Bank loans and overdrafts	34,314	41,890
	--------	--------

Included within bank loans falling due after one year is an amount of £758 (2024: £9,661) relating to repayments due more than five years from the reporting date.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Director's advances, credits and guarantees

Included within other debtors is an amount of £100 (2024: £100) owed by Mr M Williams .

10. Related party transactions

Round Oak Electrical Limited During the year the company received £9,600 (2024: £9,600) in rent from Round Oak Electrical Limited, a company in which Mr M Williams is also the sole director and shareholder. At the year end, an amount of £2,192 (2024: £2,034) owed to Round Oak Electrical was written off to the profit and loss account.