Rockley Hall Estates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03198232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Rockley Hall Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Heaney

SECRETARY:

C Micklethwaite

REGISTERED OFFICE:

Yorkshire Bank Chambers

Infirmary Street

Leeds

West Yorkshire

LS1 2JP

REGISTERED NUMBER:

03198232 (England and Wales)

FIXED ASSETS

Investment property

3

2,005,000

2,005,000

CURRENT ASSETS

Debtors

4

72,905

53,378

Cash at bank

80,069

65,394

152,974

118,772

CREDITORS

Amounts falling due within one year

5

77,993

117,918

NET CURRENT ASSETS

74,981

854

TOTAL ASSETS LESS CURRENT LIABILITIES

2,079,981

2,005,854

CREDITORS

Amounts falling due after more than one year

6

(27,771

)

(72,531

)

ACCRUALS AND DEFERRED INCOME

(9,868

)

(10,459

)

NET ASSETS

2,042,342

1,922,864

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

588,824

588,824

Retained earnings

1,453,418

1,333,940

SHAREHOLDERS' FUNDS

2,042,342

1,922,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 November 2017 and were signed by:

M A Heaney - Director

1.	STATUTORY INFORMATION

Rockley Hall Estates 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rental income and other charges receivable from tenants in the year.

Investment properties

Investment properties are shown at their most recent valuation. The director considers there would be undue cost

and effort to measure the properties at fair value at each reporting date.

Bank loans

Bank loans are initially recognised at their transaction price and are subsequently valued at each year end based

on the capital repayments made in the year.

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 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.No deferred tax provision has been made because the tax adjusted cost of the properties is greater than

the revalued carrying amount shown in the accounts.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2016

and 31 May 2017

2,005,000

NET BOOK VALUE

At 31 May 2017

2,005,000

At 31 May 2016

2,005,000

The purchase price of the investment properties was £1,416,176.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

69,297

49,990

Prepaid expenses

3,608

3,388

72,905

53,378

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts

36,224

79,790

Trade creditors

-

78

Taxation and social security

36,816

36,685

Other creditors

4,953

1,365

77,993

117,918

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans

27,771

72,531

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

£

Bank loans

63,995

152,321