RO Developments Limited - Accounts to registrar (filleted) - small 18.2

RO Developments Limited - Accounts to registrar (filleted) - small 18.2

RO DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04320285 (England and Wales)















Financial Statements for the Year Ended 31 March 2021

for

RO Developments Limited
RO Developments Limited (Registered number: 04320285)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RO Developments Limited

Company Information
for the Year Ended 31 March 2021







DIRECTORS: R G St J Rowlandson FCA
E T M Rowlandson
C R Bain MAPM, MBIM





SECRETARY: Finance And Industrial Trust Limited(The)





REGISTERED OFFICE: Graham House
7 Wyllyotts Place
Potters Bar
Hertfordshire
EN6 2JD





REGISTERED NUMBER: 04320285 (England and Wales)





Page 1
RO Developments Limited (Registered number: 04320285)

Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 65 65

CURRENT ASSETS
Stocks 5 1,200,000 1,200,000
Debtors 6 13,826 24,976
1,213,826 1,224,976
CREDITORS
Amounts falling due within one year 7 794,514 858,269
NET CURRENT ASSETS 419,312 366,707
TOTAL ASSETS LESS CURRENT
LIABILITIES
419,377
366,772

CAPITAL AND RESERVES
Called up share capital 140 140
Share premium 665 665
Retained earnings 418,572 365,967
SHAREHOLDERS' FUNDS 419,377 366,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2021 and were signed on its behalf by:





E T M Rowlandson - Director


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

Page 2
RO Developments Limited (Registered number: 04320285)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

RO Developments 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.

Preparation of consolidated financial statements
The financial statements contain information about RO Developments 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, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is stated net of VAT and represents amounts receivable from third parties in respect of property sales and rent receivable from development sites. All turnover arises in the UK.

Pension costs
The company operates a defined contribution group personal pension scheme. The amount charged to the profit and loss account represents contributions payable by the company to the individual policies effected by the employees with an independent Insurance Company in funds separate from the company's finances. Differences between contributions payable and contributions paid are shown as Other Creditors at the year end.

Debtors
Short term debtors are measured at the transaction price , less any impairment.

Creditors
Short term creditors are measured at the transaction price.

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.

Page 3 continued...
RO Developments Limited (Registered number: 04320285)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

2. ACCOUNTING POLICIES - continued

Taxation
Corporation tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Investments
Fixed asset investments in shares in group undertakings and in unlisted investments are shown at cost less provision for impairment.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2020
and 31 March 2021 2 63 65
NET BOOK VALUE
At 31 March 2021 2 63 65
At 31 March 2020 2 63 65

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

Subsidiaries

RO St Bernards Limited
Registered office: Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD
Nature of business: Property development
%
Class of shares: holding
Ordinary £1 100.00

Page 4 continued...
RO Developments Limited (Registered number: 04320285)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. FIXED ASSET INVESTMENTS - continued

RO24 Stonebridge Management Company Limited
Registered office: Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD
Nature of business: Property Management
%
Class of shares: holding
Ordinary £1 100.00

Associated companies

EPMK Management Limited
Registered office: C/O Bidwells, Trumpington Road, Cambridge, CB2 2LD
Nature of business: Property management
%
Class of shares: holding
Ordinary shares 10.70

Harlow Business Park Management Limited
Registered office: 25-28 Old Burlington Street, London, W1S 3AN
Nature of business: Property management
%
Class of shares: holding
Ordinary 5.00

5. STOCKS
31.3.21 31.3.20
£    £   
Stocks 1,200,000 1,200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 13,826 24,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Amounts owed to group undertakings 739,279 804,198
Amounts owed to associates 64 64
Tax 12,339 10,762
VAT 6,128 5,993
Other creditors 3,929 7,167
Accruals and deferred income 32,775 30,085
794,514 858,269

8. 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.

Page 5 continued...
RO Developments Limited (Registered number: 04320285)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

9. 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 2021 or that requires disclosure.

10. ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent 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.

Page 6