Rougemont Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04473580 (England and Wales)

Rougemont Limited

Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J R Fletcher OBE

Mr J R Craven

Mr N Smillie

REGISTERED OFFICE:

33 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

04473580 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,393

21,593

Investments

6

1

2

11,394

21,595

CURRENT ASSETS

Stocks

50,000

-

Debtors

7

647,642

121,742

Cash at bank

66,431

87,934

764,073

209,676

CREDITORS

Amounts falling due within one year

8

668,880

93,791

NET CURRENT ASSETS

95,193

115,885

TOTAL ASSETS LESS CURRENT LIABILITIES

106,587

137,480

PROVISIONS FOR LIABILITIES

2,165

4,103

NET ASSETS

104,422

133,377

CAPITAL AND RESERVES

Called up share capital

9

45,000

45,000

Retained earnings

59,422

88,377

SHAREHOLDERS' FUNDS

104,422

133,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 April 2022 and were signed on its behalf by:

Mr N Smillie - Director

1.	STATUTORY INFORMATION

Rougemont Limited is a private limited 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 company's principal place of business is Bowcliffe Grange, Bowcliffe Hall, Bramham, Wetherby, West Yorkshire, LS23 6LP.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Turnover

Turnover relates to income generated in respect of both FCA regulated and non FCA regulated transactions. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Website development costs

- over 3 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost and 20% on cost

Fixed Assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities ae offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

During the financial year the company made employer contributions into the personal pension schemes of the employees. Contributions payable to these pension schemes are charged to the profit and loss account in the period to which they relate.

Investments

Fixed asset investments are stated at cost unless, in the opinion of the directors, there has been a permanent diminution in value, in which case an appropriate adjustment is made. Profits or losses arising from disposal of fixed asset investments are treated as part of the results from ordinary activities.

Commitments under operating lease

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

costs

£

COST

At 1 January 2021

and 31 December 2021

4,000

AMORTISATION

At 1 January 2021

and 31 December 2021

4,000

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2021

39,540

6,591

46,131

Additions

-

3,273

3,273

Disposals

-

(360

)

(360

)

At 31 December 2021

39,540

9,504

49,044

DEPRECIATION

At 1 January 2021

18,485

6,053

24,538

Charge for year

13,048

425

13,473

Eliminated on disposal

-

(360

)

(360

)

At 31 December 2021

31,533

6,118

37,651

NET BOOK VALUE

At 31 December 2021

8,007

3,386

11,393

At 31 December 2020

21,055

538

21,593

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2021

2

Disposals

(1

)

At 31 December 2021

1

NET BOOK VALUE

At 31 December 2021

1

At 31 December 2020

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

22,968

21,259

Amounts owed by related undertakings

210,882

56,185

Other debtors

396,000

-

Directors' current accounts

1,710

23,810

VAT

-

4,470

Prepayments and accrued income

16,082

16,018

647,642

121,742

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

15,615

4,638

Amounts owed to related undertakings

140,000

4,500

Tax

11,643

4,870

Social security and other taxes

2,261

1,162

VAT

8,977

-

Other creditors

1,833

1,833

Directors' current accounts

428,500

-

Accruals and deferred income

60,051

76,788

668,880

93,791

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

45,000

Ordinary

£1

45,000

45,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

Mr J R Craven

Balance outstanding at start of year

23,810

2,776

Amounts advanced

10,400

21,034

Amounts repaid

(32,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,710

23,810

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 were paid to the directors .