Roystone House Limited - Period Ending 2017-01-31
Roystone House Limited - Period Ending 2017-01-31
Registration number:
Roystone House Limited
for the Year Ended 31 January 2017
Chartered Accountants
40 Carter Street
Uttoxeter
Staffordshire
ST14 8EU
Roystone House Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Roystone House Limited
Company Information
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Directors |
Mr JN Jones Mrs V Jones |
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Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Roystone House Limited
for the Year Ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Roystone House Limited for the year ended 31 January 2017 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Roystone House Limited, as a body, in accordance with the terms of our engagement letter dated 6 July 2015. Our work has been undertaken solely to prepare for your approval the accounts of Roystone House Limited and state those matters that we have agreed to state to the Board of Directors of Roystone House Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roystone House Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Roystone House Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Roystone House Limited. You consider that Roystone House 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 accounts of Roystone House 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 accounts.
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Chartered Accountants
Uttoxeter
Staffordshire
ST14 8EU
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Page 2 |
Roystone House Limited
(Registration number: 08850359)
Balance Sheet as at 31 January 2017
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Note |
2017 |
2016 |
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Tangible assets |
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Investments |
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Current assets |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Page 3 |
Roystone House Limited
(Registration number: 08850359)
Balance Sheet as at 31 January 2017
Approved and authorised by the
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Mr JN Jones
Director
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Page 4 |
Roystone House Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Roystone House
1A Airdale Road
Stone
Staffordshire
ST15 8DP
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
3 years straight line |
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Page 5 |
Roystone House Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Page 6 |
Roystone House Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2016 |
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Additions |
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At 31 January 2017 |
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Depreciation |
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At 1 February 2016 |
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Charge for the year |
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At 31 January 2017 |
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Carrying amount |
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At 31 January 2017 |
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At 31 January 2016 |
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Investments |
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2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 February 2016 |
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Provision |
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Carrying amount |
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At 31 January 2017 |
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At 31 January 2016 |
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Page 7 |
Roystone House Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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Ordinary |
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United Kingdom |
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The principal activity of Vulcan Industrial Fasteners Limited is |
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The profit for the financial period of Vulcan Industrial Fasteners Limited was £604,784 and the aggregate amount of capital and reserves at the end of the period was £2,455,937. |
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Current asset investments |
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2017 |
2016 |
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Other investments |
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Listed investments
Investments having a net book value of £229,110 (31 January 2016 - £63,218) are listed on a recognised stock exchange and had a market value of £241,283 at the end of the year (31 January 2016 - £72,057).
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Other creditors |
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Page 8 |
Roystone House Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
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Dividends |
Final dividends paid
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2017 |
2016 |
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Final dividend of £ |
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Final dividend of £ |
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Final dividend of £ |
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Related party transactions |
Summary of transactions with other related parties
Included in other creditors is the directors loan account. There is no interest charged on the loan and no repayment date has been set. At the balance sheet date the amount due to Mr JN Jones was £78 (2016 - £78).
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Page 9 |