Roebuck Properties Management Limited - Accounts to registrar (filleted) - small 18.2

Roebuck Properties Management Limited - Accounts to registrar (filleted) - small 18.2

ROEBUCK PROPERTIES MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 04490293 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2020

FOR

ROEBUCK PROPERTIES MANAGEMENT LIMITED
ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

ROEBUCK PROPERTIES MANAGEMENT LIMITED


COMPANY INFORMATION
for the Year Ended 31st July 2020







DIRECTOR: D J Statham





REGISTERED OFFICE: c/o Vinings Limited
Grafton House
Bulls Head Yard
Alcester
Warwickshire
B49 5BX





REGISTERED NUMBER: 04490293 (England and Wales)





ACCOUNTANTS: Vinings Limited
Chartered Certified Accountants
Grafton House
Bulls Head Yard
Alcester
Warwickshire
B49 5BX
Page 1
ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)


BALANCE SHEET
31st July 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 212,000 200,000

CURRENT ASSETS
Cash at bank 42,358 36,812

CREDITORS
Amounts falling due within one year 5 748 736
NET CURRENT ASSETS 41,610 36,076
TOTAL ASSETS LESS CURRENT
LIABILITIES
253,610
236,076

CREDITORS
Amounts falling due after more than one
year
6
199,019
189,565
NET ASSETS 54,591 46,511

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 86,003 74,003
Retained earnings (31,414 ) (27,494 )
SHAREHOLDERS' FUNDS 54,591 46,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

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ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)


BALANCE SHEET - continued
31st July 2020


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th April 2021 and were signed by:





D J Statham - Director


The notes form part of these financial statements

Page 3
ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)


NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2020

1. STATUTORY INFORMATION

Roebuck Properties Management 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

INVESTMENT PROPERTY
Included within fixed assets are freehold investment properties. In accordance with accounting standards, investment properties are stated at open market value without any deduction for depreciation.
Changes in the market value of investment properties are taken to total recognised gains and losses included in the notes to the accounts.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

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ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2020

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1st August 2019 200,000
Revaluations 12,000
At 31st July 2020 212,000
NET BOOK VALUE
At 31st July 2020 212,000
At 31st July 2019 200,000

The director has revalued the investment property based on current open market values at 31st July 2020.

Cost or valuation at 31st July 2020 is represented by:
£   
Valuation in 2014 26,503
Valuation in 2017 27,500
Valuation in 2018 20,000
Valuation in 2020 12,000
Cost 125,997
212,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.20 31.7.19
£    £   
Cost 125,997 125,997

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Other creditors 748 736

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.20 31.7.19
£    £   
Other creditors 199,019 189,565

Page 5 continued...
ROEBUCK PROPERTIES MANAGEMENT LIMITED (REGISTERED NUMBER: 04490293)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2020

7. RESERVES
Fair
value
reserve
£   
At 1st August 2019 74,003
Revaluation in year 12,000

At 31st July 2020 86,003

8. RELATED PARTY DISCLOSURES

Contract Services Limited, a company who Mr D Statham is a director, was owed at total of £199,019 (2019 - £189,565). Repayments totalling £nil (2019 - £nil) were made during the year. Interest charged at a rate of 5% totalled £9,454 (2019 - £11,471). The loan has no fixed repayment terms and no security has been provided, however the loan is repayable in more than one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D J Statham.

Page 6
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROEBUCK PROPERTIES MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roebuck Properties Management Limited for the year ended 31st July 2020 which comprise the Income Statement, 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 http://www.accaglobal.com/rulebook.

This report is made solely to the director of Roebuck Properties Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roebuck Properties Management Limited and state those matters that we have agreed to state to the director of Roebuck Properties Management Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Roebuck Properties Management 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 loss of Roebuck Properties Management Limited. You consider that Roebuck Properties Management 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 Roebuck Properties Management 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.






Vinings Limited
Chartered Certified Accountants
Grafton House
Bulls Head Yard
Alcester
Warwickshire
B49 5BX


Date: .............................................

This page does not form part of the statutory financial statements

Page 7