Company registration number 08198825 (England and Wales)
ROEBURN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
PAGES FOR FILING WITH REGISTRAR
ROEBURN HOLDINGS LIMITED
COMPANY INFORMATION
Director
J K Burns
Secretary
S Burns
Company number
08198825
Registered office
Unit 7, Burma Road
Blidworth
Nottinghamshire
NG21 0RT
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
ROEBURN HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ROEBURN HOLDINGS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ROEBURN HOLDINGS LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roeburn Holdings Limited for the year ended 30 November 2022 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Roeburn Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Roeburn Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Roeburn Holdings Limited, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants
as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roeburn Holdings Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Roeburn Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit
of Roeburn Holdings Limited. You consider that Roeburn Holdings Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Roeburn Holdings Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
3 March 2023
ROEBURN HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2022
30 November 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
612,148
628,315
Investments
4
20,000
20,000
632,148
648,315
Current assets
Debtors
5
109,007
7,315
Cash at bank and in hand
1,315,152
797,539
1,424,159
804,854
Creditors: amounts falling due within one year
6
(276,094)
(142,109)
Net current assets
1,148,065
662,745
Total assets less current liabilities
1,780,213
1,311,060
Provisions for liabilities
(33,475)
(23,583)
Net assets
1,746,738
1,287,477
Capital and reserves
Called up share capital
7
10,000
10,000
Profit and loss reserves
1,736,738
1,277,477
Total equity
1,746,738
1,287,477
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ROEBURN HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2022
30 November 2022
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 3 March 2023
J K Burns
Director
Company Registration No. 08198825
ROEBURN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 4 -
1
Accounting policies
Company information
Roeburn Holdings Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Unit 7, Burma Road, Blidworth, Nottinghamshire, NG21 0RT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare group accounts
,
The
financial statements
present information about the company as an individual entity and not about its group
.
1.2
Going concern
Having assessed all available information at the date of approving the accounts, the Directors are confident that the business is well placed to manage the ongoing trading position and the accounts are prepared on a going concern basis.
1.3
Turnover
Turnover
comprises management charges and rent receivable from its subsidiary company in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue based on the period that the services relate to 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.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost
,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property
2% straight line (land is not depreciated)
Plant and machinery
20% straight line
Computers
33% straight line
Motor vehicles
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
ROEBURN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective
interest method. Dividends on equity securities are recognised in income when receivable.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
ROEBURN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 6 -
3
Tangible fixed assets
Freehold property
Plant and machinery
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2021
590,767
15,588
78,741
685,096
Additions
293
1,141
66,540
67,974
Disposals
(73,900)
(73,900)
At 30 November 2022
590,767
15,881
1,141
71,381
679,170
Depreciation and impairment
At 1 December 2021
40,328
11,532
4,921
56,781
Depreciation charged in the year
10,015
3,162
190
1,493
14,860
Eliminated in respect of disposals
(4,619)
(4,619)
At 30 November 2022
50,343
14,694
190
1,795
67,022
Carrying amount
At 30 November 2022
540,424
1,187
951
69,586
612,148
At 30 November 2021
550,439
4,056
73,820
628,315
4
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
10,000
10,000
Other investments other than loans
10,000
10,000
20,000
20,000
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
39,988
Other debtors
69,019
7,315
109,007
7,315
ROEBURN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
- 7 -
6
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
11,638
3,528
Amounts owed to group undertakings
499
Taxation and social security
257,249
129,915
Other creditors
7,207
8,167
276,094
142,109
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of of £1 each
10,000
10,000
10,000
10,000
8
Financial commitments, guarantees and contingent liabilities
The total amount of financial commitments not included in the balance sheet is £36,804.
9
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Interest free loan repayable on demand
-
(1,053)
(167,458)
110,577
(57,934)
(1,053)
(167,458)
110,577
(57,934)
10
Non adjusting events after the financial period
Since the balance sheet date dividends totalling £64,500 have been voted.