Roundhaven Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08225259 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

ROUNDHAVEN ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Schreiber

J Schreiber

SECRETARY:

Mrs R Niederman

REGISTERED OFFICE:

115 Craven park Road

London

N15 6BL

REGISTERED NUMBER:

08225259 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

1,944,470

1,944,470

CURRENT ASSETS

Debtors

5

201,554

159,053

Cash at bank

92,557

66,615

294,111

225,668

CREDITORS

Amounts falling due within one year

6

(1,368,750

)

(1,338,564

)

NET CURRENT LIABILITIES

(1,074,639

)

(1,112,896

)

TOTAL ASSETS LESS CURRENT LIABILITIES

869,831

831,574

CREDITORS

Amounts falling due after more than one year

7

(910,741

)

(926,041

)

NET LIABILITIES

(40,910

)

(94,467

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Revaluation reserve

9

221,394

221,394

Retained earnings

9

(262,305

)

(315,862

)

SHAREHOLDERS' FUNDS

(40,910

)

(94,467

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 29 June 2022 and were signed on its behalf by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Roundhaven Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2020

and 30 September 2021

1,944,470

NET BOOK VALUE

At 30 September 2021

1,944,470

At 30 September 2020

1,944,470

Fair value at 30 September 2021 is represented by:

£

Valuation in 2017

221,394

Cost

1,723,076

1,944,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

168,604

141,891

Other debtors

32,950

17,162

201,554

159,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade creditors

246,810

203,160

Other creditors

1,121,940

1,135,404

1,368,750

1,338,564

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

875,925

891,225

Amounts owed to associates

34,816

34,816

910,741

926,041

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

875,925

891,225

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2020

(315,862

)

221,394

(94,468

)

Profit for the year

53,557

53,557

At 30 September 2021

(262,305

)

221,394

(40,911

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is David Schreiber.