RO Developments Limited - Accounts to registrar (filleted) - small 18.2
RO Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 31 March 2019 |
| for |
| RO Developments Limited |
| RO Developments Limited (Registered number: 04320285) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RO Developments Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor and Chartered Accountants. |
| Kingfisher House |
| 1 Gilders Way |
| St James Place |
| Norwich |
| Norfolk |
| NR3 1UB |
| RO Developments Limited (Registered number: 04320285) |
| Balance Sheet |
| 31 March 2019 |
| 31.3.19 | 31.3.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| RO Developments Limited (Registered number: 04320285) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| RO Developments Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about RO Developments Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company is exempt under Section |
| 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its |
| subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, |
| RO Trading Limited, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Turnover is stated net of VAT and represents amounts receivable from third parties in respect of property sales |
| and rent receivable from development sites. All turnover arises in the UK. |
| Tangible fixed assets |
| Computer equipment | - |
| Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. |
| Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less |
| estimated residual value, of each asset, on a straight line basis over its expected useful life. Residual value is |
| calculated on prices prevailing at the date of acquisition. |
| Pension costs |
| The company operates a defined contribution group personal pension scheme. The amount charged to the profit |
| and loss account represents contributions payable by the company to the individual policies effected by the |
| employees with an independent Insurance Company in funds separate from the company's finances. Differences |
| between contributions payable and contributions paid are shown as Other Creditors at the year end. |
| Debtors |
| Short term debtors are measured at the transaction price , less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| Dividends |
| Equity dividends are recognised when they become legally payable. interim equity dividends are recognised |
| when paid. Final equity dividends are recognised when approved by the shareholders at an annual general |
| meeting. |
| RO Developments Limited (Registered number: 04320285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 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. |
| 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. |
| Investments |
| Fixed asset investments in shares in group undertakings and in unlisted investments are shown at cost less |
| provision for impairment. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - 3 ). |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 April 2018 |
| Disposals | ( |
) |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| RO Developments Limited (Registered number: 04320285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 | 65 |
| NET BOOK VALUE |
| At 31 March 2019 | 65 |
| At 31 March 2018 | 65 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Registered office: Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD |
| Nature of business: |
| % |
| Class of shares: | holding |
| Associated companies |
| Registered office: C/O Bidwells, Trumpington Road, Cambridge, CB2 2LD |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: 25-28 Old Burlington Street, London, W1S 3AN |
| Nature of business: |
| % |
| Class of shares: | holding |
| RO Developments Limited (Registered number: 04320285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| Reclassification/transfer | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| 7. | STOCKS |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| VAT |
| Prepayments |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Amounts owed to associates |
| Social security and other taxes |
| VAT |
| Other creditors |
| Accruals and deferred income |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Auditors' Report was unqualified. |
| for and on behalf of |
| 11. | RELATED PARTY DISCLOSURES |
| 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. |
| RO Developments Limited (Registered number: 04320285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 12. | POST BALANCE SHEET EVENTS |
| 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. |
| 13. | ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY |
| The company's immediate and ultimate parent is RO Trading Limited, a company incorporated in England and |
| Wales. |
| Mr R G St J Rowlandson, a director of RO Trading Limited and members of his close family, control the |
| company as a result of them owning and controlling the issued share capital of RO Trading Limited. |
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. |