ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

ROLTON HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2019-09-302019-09-302018-10-01No description of principal activityfalsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08164616 2018-10-01 2019-09-30 08164616 2019-09-30 08164616 2018-09-30 08164616 c:Director4 2018-10-01 2019-09-30 08164616 d:CurrentFinancialInstruments 2019-09-30 08164616 d:CurrentFinancialInstruments 2018-09-30 08164616 d:Non-currentFinancialInstruments 2019-09-30 08164616 d:Non-currentFinancialInstruments 2018-09-30 08164616 d:CurrentFinancialInstruments d:WithinOneYear 2019-09-30 08164616 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 08164616 d:Non-currentFinancialInstruments d:AfterOneYear 2019-09-30 08164616 d:Non-currentFinancialInstruments d:AfterOneYear 2018-09-30 08164616 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2019-09-30 08164616 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2018-09-30 08164616 d:ShareCapital 2019-09-30 08164616 d:ShareCapital 2018-09-30 08164616 d:SharePremium 2019-09-30 08164616 d:SharePremium 2018-09-30 08164616 c:FRS102 2018-10-01 2019-09-30 08164616 c:Audited 2018-10-01 2019-09-30 08164616 c:FullAccounts 2018-10-01 2019-09-30 08164616 c:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30 08164616 c:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 08164616 d:KeyManagementIndividualGroup1 d:SettlementLiabilities 2018-10-01 2019-09-30 08164616 d:KeyManagementIndividualGroup1 d:SettlementLiabilities 2019-09-30 08164616 d:KeyManagementIndividualGroup1 d:SettlementLiabilities 2018-09-30 iso4217:GBP

Registered number: 08164616










ROLTON HOLDINGS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2019
 
ROLTON HOLDINGS LIMITED
REGISTERED NUMBER: 08164616

BALANCE SHEET
AS AT 30 SEPTEMBER 2019

2019
2018
Note
£
£

Fixed assets
  

Investments
 4 
1,699,948
1,699,948

  
1,699,948
1,699,948

Current assets
  

Cash at bank and in hand
 5 
43
85

  
43
85

Creditors: amounts falling due within one year
 6 
(857,042)
(776,842)

Net current liabilities
  
 
 
(856,999)
 
 
(776,757)

Total assets less current liabilities
  
842,949
923,191

Creditors: amounts falling due after more than one year
 7 
-
(80,242)

  

Net assets
  
842,949
842,949


Capital and reserves
  

Called up share capital 
  
10,725
10,725

Share premium account
  
832,224
832,224

  
842,949
842,949


Page 1
 
ROLTON HOLDINGS LIMITED
REGISTERED NUMBER: 08164616
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2019

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P E Rolton
Director

Date: 31 July 2020

The notes on pages 3 to 6 form part of these financial statements.

Page 2
 
ROLTON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1.


General information

Rolton Holdings Limited is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is The Charles Parker Building, Midland Road, Higham Ferrers, Northamptonshire, NN10 8DN.
The principal activity of the company is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The COVID-19 pandemic and the ensuing economic shutdown has had an impact on the Company’s operations as detailed in the Directors’ Report. In response to the COVID-19 pandemic, the directors have performed a robust analysis of forecast future cash flows taking into account the potential impact on the business of possible future scenarios arising from the impact of COVID-19. This analysis also considers the effectiveness of available measures to assist in mitigating the impact.
 
Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3
 
ROLTON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2018 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2018
1,699,948



At 30 September 2019
1,699,948





5.


Cash and cash equivalents

2019
2018
£
£

Cash at bank and in hand
43
85


Page 4
 
ROLTON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

6.


Creditors: Amounts falling due within one year

2019
2018
£
£

Other loans
80,242
120,000

Amounts owed to group undertakings
776,800
656,842

857,042
776,842



7.


Creditors: Amounts falling due after more than one year

2019
2018
£
£

Other loans
-
80,242



8.


Loans



2019
2018
£
£

Amounts falling due within one year

Loan notes
80,242
120,000

Amounts falling due 1-2 years

Loan notes
-
80,242



80,242
200,242



9.


Related party transactions

The company has taken advantage of the exemptions available under FRS 102 section 1A not to report transactions with wholly owned group members.
Included in creditors are loan notes of £80,242 (2018 - £200,242) due to D J Rolton, a director, and his wife J Rolton. The loan notes are being paid at a rate of £120,000 per annum with no interest due on the loan.

Page 5
 
ROLTON HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

10.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2019 was unqualified.

The audit report was signed on 31 July 2020 by Richard Powell BA FCA (Senior Statutory Auditor) on behalf of MHA MacIntyre Hudson.

Page 6