Rockley Hall Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03198232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Rockley Hall Estates Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

3

2,005,000

2,005,000

CURRENT ASSETS

Debtors

4

92,275

72,905

Cash at bank

122,339

80,069

214,614

152,974

CREDITORS

Amounts falling due within one year

5

106,226

77,993

NET CURRENT ASSETS

108,388

74,981

TOTAL ASSETS LESS CURRENT LIABILITIES

2,113,388

2,079,981

CREDITORS

Amounts falling due after more than one year

6

(13,486

)

(27,771

)

ACCRUALS AND DEFERRED INCOME

(9,312

)

(9,868

)

NET ASSETS

2,090,590

2,042,342

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

588,824

588,824

Retained earnings

1,501,666

1,453,418

SHAREHOLDERS' FUNDS

2,090,590

2,042,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 11 October 2018 and were signed on its behalf by:

M A Heaney - Director

1.	STATUTORY INFORMATION

Rockley Hall Estates Limited is a private company, limited by shares, registered in England. The registered

office is Yorkshire bank Chambers, Infirmary Street, Leeds, LS1 2JP and the registered number is 03198232.

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 tax. 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 has not been provided 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 2017

and 31 May 2018

2,005,000

NET BOOK VALUE

At 31 May 2018

2,005,000

At 31 May 2017

2,005,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

88,524

69,297

Prepaid expenses

3,751

3,608

92,275

72,905

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans and overdrafts

13,800

36,224

Taxation and social security

31,404

36,816

Other creditors

61,022

4,953

106,226

77,993

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans

13,486

27,771

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.18

31.5.17

£

£

Bank loans

27,286

63,995

The bank loan is secured by a fixed charge over the company's property assets.