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REGISTERED NUMBER: 00123894 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

William Round & Son Limited

William Round & Son Limited (Registered number: 00123894)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

William Round & Son Limited

Company Information
for the Year Ended 30 April 2016







DIRECTORS: C D Round
Ms J M Round
Mrs B E Hill





SECRETARY: Mrs B Round





REGISTERED OFFICE: Radclyffe House
66/68 Hagley Road
Birmingham
United Kingdom
B16 8PF





REGISTERED NUMBER: 00123894 (England and Wales)





ACCOUNTANTS: Mallett Jones
Radclyffe House
66/68 Hagley Road
Edgbaston
Birmingham
West Midlands
B16 8PF

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
William Round & Son Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of William Round & Son Limited for the year ended 30 April 2016 which comprise the Profit and
Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of William Round & Son Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of William Round & Son Limited and state those matters that we have agreed to state to the Board of Directors of William Round & Son Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that William Round & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of William Round & Son Limited. You consider that William Round & Son 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 financial statements of William Round & Son 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 financial statements.






Mallett Jones
Radclyffe House
66/68 Hagley Road
Edgbaston
Birmingham
West Midlands
B16 8PF


11 January 2017

William Round & Son Limited (Registered number: 00123894)

Abbreviated Balance Sheet
30 April 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 367,500 265,000

CURRENT ASSETS
Debtors 2,985 (4,540 )
Cash at bank and in hand 97,951 102,835
100,936 98,295
CREDITORS
Amounts falling due within one year 28,006 11,846
NET CURRENT ASSETS 72,930 86,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,430

351,449

CAPITAL AND RESERVES
Called up share capital 3 23,440 23,440
Revaluation reserve 362,500 260,000
Other reserves 6,046 6,046
Profit and loss account 48,444 61,963
SHAREHOLDERS' FUNDS 440,430 351,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 11 January 2017 and were signed on its behalf by:





C D Round - Director


William Round & Son Limited (Registered number: 00123894)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Investment property
Investment properties are those which are held either to earn rental income or for capital appreciation or for both.
Rent receivable is recognised on a straight line basis over the term of the lease.
Investment properties are shown on the Balance Sheet at their open market value and are revalued every five
years.The aggregate surplus or deficit is taken to the statement of recognised gains and losses ( being a
movement on an investment revaluation reserve), unless a deficit (or its reversal) are expected to be permanent,
in which case it is to be charged (or credited) to the profit and loss account.
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no
depreciation is provided in respect of freehold properties held as investments. This is a departure from the the
requirements of the Companies Act 2006 which requires all properties to be depreciated. The properties owned
by the company are held for investment and not for consumption and the Directors consider that to depreciate
them would not show a true and fair view. Depreciation is only one of the many elements reflected in the annual
valuation of properties and accordingly the amount of depreciation which might otherwise have been charged
cannot be separately identified or quantified. The Directors consider that this policy results in the financial
statements giving a true and fair view.

Deferred tax
No provision has been made for deferred tax on gains or losses recognised on revaluing the investment property
to its market value as the company had not agreed the property sale by the year end.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2015 265,000
Revaluations 102,500
At 30 April 2016 367,500
NET BOOK VALUE
At 30 April 2016 367,500
At 30 April 2015 265,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
23,440 Ordinary £1 23,440 23,440

4. RELATED PARTY DISCLOSURES

Mrs B Round

Company secretary


Bookkeeping services of £5,000 (2015: £5,000) and dividends of £7,201 (2015: £7,201).

William Round & Son Limited (Registered number: 00123894)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016

4. RELATED PARTY DISCLOSURES - continued

C D Round
Director


Dividends of 9,251 (2015: £9,235).

Ms J M Round
Director


Dividends of £6,774 (2015: £6,756).

Mrs B E Hill
Director


Dividends of £6,774 (2015: £6,756).