RO Group Property Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06044440 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2019

for

RO Group Property Ventures Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G St J Rowlandson FCA

E T M Rowlandson

SECRETARY:

The Finance And Industrial Trust Limited

REGISTERED OFFICE:

Graham House

7 Wyllyotts Place

Potters Bar

Hertfordshire

EN6 2JD

REGISTERED NUMBER:

06044440 (England and Wales)

AUDITORS:

Grant Thornton UK LLP

Statutory Auditor and Chartered Accountants.

Kingfisher House

1 Gilders Way

St James Place

Norwich

Norfolk

NR3 1UB

FIXED ASSETS

Investments

3

1,000

1,917,886

CREDITORS

Amounts falling due within one year

4

1,649,555

1,649,556

NET CURRENT LIABILITIES

(1,649,555

)

(1,649,556

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,648,555

)

268,330

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,648,655

)

268,230

SHAREHOLDERS' FUNDS

(1,648,555

)

268,330

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 5 November 2019 and were signed on its behalf by:

E T M Rowlandson - Director

1.	STATUTORY INFORMATION

RO Group Property Ventures Limited is a private company, limited by shares , registered in England and Wales.

The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The company has net current liabilities and total liabilities of £1,649,555 at the balance sheet date. The accounts

have been prepared under the going concern concept because the ultimate parent undertaking, RO Trading

Limited, has confirmed its willingness and ability to provide adequate funds for the company to meet its

liabilities for at least one year from the date of the approval of the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about RO Group Property Ventures 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, Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6

2JD.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

Income, except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Creditors

Short term creditors are measured at transaction price.

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.

Investments

Fixed asset investments are shown at cost less provision for impairment.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

1,917,886

Disposals

(1

)

Impairments

(1,916,885

)

At 31 March 2019

1,000

NET BOOK VALUE

At 31 March 2019

1,000

At 31 March 2018

1,917,886

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Charteroak Estates Limited

Registered office: Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD

Nature of business: Lodge sales and development

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed to group undertakings

1,649,555

1,649,556

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

James Brown (Senior Statutory Auditor)

for and on behalf of Grant Thornton UK LLP

6.	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.

7.	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.

8.	ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company 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.

RO Trading 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.