Rojean Properties Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 01827082 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ROJEAN PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

RR White

Mrs JE White

SECRETARY:

Mrs JE White

REGISTERED OFFICE:

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

REGISTERED NUMBER:

01827082 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

National Westminster Bank plc

Bexleyheath Branch

1 Townley Road

Bexleyheath

Kent

DA6 7JG

FIXED ASSETS

Tangible assets

4

612

9,842

CURRENT ASSETS

Stocks

595,000

1,320,760

Debtors

303,594

152,669

Cash at bank

434,873

56,744

1,333,467

1,530,173

CREDITORS

Amounts falling due within one year

66,460

150,830

NET CURRENT ASSETS

1,267,007

1,379,343

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,619

1,389,185

CREDITORS

Amounts falling due after more than one year

5

(324,994

)

(430,844

)

PROVISIONS FOR LIABILITIES

7

(47,421

)

(74,248

)

NET ASSETS

895,204

884,093

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

895,202

884,091

SHAREHOLDERS' FUNDS

895,204

884,093

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 2 November 2017 and were signed on its behalf by:

RR White - Director

1.	STATUTORY INFORMATION

Rojean Properties 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 net work done.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stock

Stocks are valued at the lower of cost (including subsequent improvements) or market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

65,917

Disposals

(31,840

)

At 31 March 2017

34,077

DEPRECIATION

At 1 April 2016

56,075

Charge for year

(13,270

)

Eliminated on disposal

(9,340

)

At 31 March 2017

33,465

NET BOOK VALUE

At 31 March 2017

612

At 31 March 2016

9,842

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

as

restated

£

£

Bank loans

324,994

430,844

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

as

restated

£

£

Bank loans

324,994

430,844

Mortgages are secured on the properties to which they relate.

7.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

as

restated

£

£

Deferred tax

47,421

74,248

Deferred

tax

£

Balance at 1 April 2016

74,248

movement for the year

(26,827

)

Balance at 31 March 2017

47,421

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

as restated

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2016

948,091

Prior year adjustment

(64,000

)

884,091

Profit for the year

51,111

Dividends

(40,000

)

At 31 March 2017

895,202

Included within the profit and loss account are undistributable reserves of £477256 which relate to

revalued properties appropriated to stock.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs R R White.

12.	FIRST YEAR ADOPTION

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 February 2015. The

transition to FRS 102 has not affected the reported financial position and financial performance.