Roxylight Holdings Limited - Limited company - abbreviated

REGISTERED NUMBER: 03272314

ROXYLIGHT HOLDINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D C L Miller

N H Brunskill

SECRETARY:

REGISTERED OFFICE:

50 Aylesbury Road

Aston Clinton

Aylesbury

Buckinghamshire

HP22 5AH

REGISTERED NUMBER:

03272314

FIXED ASSETS

Tangible assets

2

177,056

Investments

3

235,979

413,035

CURRENT ASSETS

Debtors

283,998

26,069

Cash at bank

2,168

286,166

28,237

CREDITORS

Amounts falling due within one year

(676,980

)

(426,149

)

NET CURRENT LIABILITIES

(390,814

)

(397,912

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,221

15,123

CAPITAL AND RESERVES

Called up share capital

4

150

Profit and loss account

22,071

14,973

SHAREHOLDERS' FUNDS

22,221

15,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 August 2014 and were signed on its
behalf by:

D C L Miller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover

represents amounts due to the company for the provision of property management services and is

recognised in line with the management agreements with its customers. Property sales are to a group

company and were at cost.

Tangible fixed assets

Tangible fixed assets are recorded at cost.

In accordance with FRS11 and FRS15, land and buildings are not depreciated on the grounds that the

economics life is greater than 50 years and any depreciation charge would be material to the financial

statements.

To ensure that the carrying value of the freehold land and buildings can be supported it shall be subject to

an impairments review at the end of each accounting period.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

The company currently has a minimal ongoing working capital requirement due to the nature of its

activities.

In making their assessment of going concern, the directors have taken account of the fact that the

company has positive shareholder funds and fixed assets are worth more than book value on the open

market. In addition the directors have taken account of the continuing financial support pledged by the

other group and related companies.

The directors have prepared group forecasts which indicate that the company will be able to meet its

liabilities as and when they fall due for payment. These forecasts include expected cash inflows from the

sale of properties held by the group and related companies. If these transactions do not occur within the

expected timeframe then the group and related companies would need to seek alternative financing in

order to continue in business. The directors believe that they have a reasonable expectation of selling the

properties within the required timeframe and as a result have drawn up the financial statements using the

going concern basis of accounting.

Investments

Investments are included at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

177,056

NET BOOK VALUE

At 30 November 2013

177,056

At 30 November 2012

177,056

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 December 2012

and 30 November 2013

235,979

NET BOOK VALUE

At 30 November 2013

235,979

At 30 November 2012

235,979

The company's investments at the balance sheet date in the share capital of companies include the

following:

Leongreen Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

30.11.13

30.11.12

£

Aggregate capital and reserves

2,230,379

2,199,726

Profit for the year

30,654

2,196,585

Leongreen Limited also has a 100% holding in Artillery Mansions Limited which in turn holds 100% of the

share capital of Galleondeal Limited, Sneinton Market Developments Limited and Roxylight Project

Services Limited.

Under the provisions of section 398 of the Companies Act 2006 the company is exempt from preparing

consolidated accounts and has not exercised the option to do so, therefore the accounts show information

about the company as an individual entity.

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2013

2012

value:

£

150

Share capital

1

150

5.	ULTIMATE PARENT COMPANY

Up until the 6 August 2013 there was no ultimate parent company. From the 6 August 2013 the ultimate

parent company is James Lawson Holdings Limited by virtue of its acquisition of a controlling interest in

Roxylight Holdings Limited.

6.	ULTIMATE CONTROLLING PARTY

Up until the 6 August 2013 there was no ultimate controlling party. Since the 6 August 2013 the ultimate

controlling party is DCL Miller.

N H Brunskill has a 15% beneficial interest in the share capital of the company.

Roxylight Holdings Limited - Limited company - abbreviated - 11.0.0

Roxylight Holdings Limited - Limited company - abbreviated - 11.0.0