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Audited Financial Statements for the Year Ended 31 March 2019 |
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RO Regional Properties Limited |
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REGISTERED NUMBER:
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Audited Financial Statements for the Year Ended 31 March 2019 |
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for |
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RO Regional Properties Limited |
RO Regional Properties Limited (Registered number: 04387228) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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RO Regional Properties Limited |
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Company Information |
for the Year Ended 31 March 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor and Chartered Accountants. |
Kingfisher House |
1 Gilders Way |
St James Place |
Norwich |
Norfolk |
NR3 1UB |
RO Regional Properties Limited (Registered number: 04387228) |
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Statement of Financial Position |
31 March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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( |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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RO Regional Properties Limited (Registered number: 04387228) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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RO Regional Properties Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover, which is stated net of VAT and trade discounts, represents rent receivable in respect of the company's |
investment properties. |
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Taxation |
Corporation tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted |
by the balance sheet date. |
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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 |
right to pay less or to receive more tax, with the following exceptions: |
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Provision is made for tax on gains arising on the revaluation (and similar fair value adjustments) of fixed assets, |
and gains on disposals of fixed assets that have been rolled over into replacement assets, only to the extent that, |
at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision |
is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the |
taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are |
sold. |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
there will be suitable taxable profits from which the underlying timing differences can be deducted. |
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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. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Creditors |
Short term creditors are measured at the transaction price. |
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Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable on demand without |
penalty. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
RO Regional Properties Limited (Registered number: 04387228) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
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Additions |
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Disposals | ( |
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Reclassification/transfer |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Tax |
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VAT |
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Prepayments and accrued income |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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VAT |
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Other creditors |
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Accruals and deferred income |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans - 2-5 years |
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RO Regional Properties Limited (Registered number: 04387228) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.19 | 31.3.18 |
£ | £ |
Bank loans |
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Bank loans are secured on freehold and leasehold land and buildings of the group. |
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8. | PROVISIONS FOR LIABILITIES |
31.3.19 | 31.3.18 |
£ | £ |
Deferred tax |
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Deferred |
tax |
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Balance at 1 April 2018 |
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Utilised during year | ( |
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Balance at 31 March 2019 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Auditors' Report was unqualified. |
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for and on behalf of
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10. | RELATED PARTY DISCLOSURES |
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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. |
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11. | POST BALANCE SHEET EVENTS |
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There has been no event since the balance sheet date that could materially affect the state of affairs of the |
company as at 31 March 2019 or that requires disclosure. |
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12. | ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY |
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The company's immediate and ultimate parent company is RO Properties Limited, a company incorporated in |
England and Wales. |
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Mr R G St J Rowlandson, a director of RO Properties Limited and members of his close family, control the |
company as a result of their trusteeship of various family trusts. |
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RO Properties Limited is the parent company of the largest and smallest group of which the company is a |
member for which consolidated accounts are prepared. Copies of its group accounts can be obtained from |
Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD. |