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REGISTERED NUMBER: 00346968 (England and Wales)















ROINES ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROINES ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr P E Hales
Col M J Hales
Mrs M J Hales
Mrs S E Freeland
Mr A J Hales
Mr P I Hales
Mr R E Hales
Dr D A Unwin
Mrs S J Robinson





REGISTERED OFFICE: 28 Windsor Place
CARDIFF
CF10 3SG





REGISTERED NUMBER: 00346968 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2,064
Investments 5 1,825,998 1,825,998
Investment properties 6 8,879,277 8,879,277
10,705,275 10,707,339

CURRENT ASSETS
Debtors 7 352,676 467,409
Cash at bank 1,375,708 1,242,190
1,728,384 1,709,599
CREDITORS
Amounts falling due within one year 8 (252,376 ) (381,727 )
NET CURRENT ASSETS 1,476,008 1,327,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,181,283

12,035,211

CREDITORS
Amounts falling due after more than one
year

9

(28,662

)

(139,661

)
NET ASSETS 12,152,621 11,895,550

CAPITAL AND RESERVES
Called up share capital 2,909 2,909
Capital redemption reserve 136,929 136,929
Retained earnings 12,012,783 11,755,712
SHAREHOLDERS' FUNDS 12,152,621 11,895,550

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

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

ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

BALANCE SHEET - continued
31 MARCH 2018


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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors on 18 December 2018 and were signed on
its behalf by:





Mr R E Hales - Director


ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Roines 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.

The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the
nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

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.

There has been one departure from Financial Reporting Standard 102 1A, as can be seen in the Investment
property accounting policy.

Preparation of consolidated financial statements
The financial statements contain information about Roines Estates Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover consists of rental income receivable during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment properties
Investment properties are stated at cost not at valuation. This policy contravenes Financial Reporting Standard
102 1A, but the directors are of the opinion that the cost of obtaining valuations is not justified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Investments are stated at cost less relevant provision for any diminution in value.

ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2017
and 31 March 2018 20,636
DEPRECIATION
At 1 April 2017 18,572
Charge for year 2,064
At 31 March 2018 20,636
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 2,064

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017
and 31 March 2018 1,825,998
NET BOOK VALUE
At 31 March 2018 1,825,998
At 31 March 2017 1,825,998

6. INVESTMENT PROPERTIES
Total
£   
COST
At 1 April 2017
and 31 March 2018 8,879,277
NET BOOK VALUE
At 31 March 2018 8,879,277
At 31 March 2017 8,879,277

Properties are stated at cost. In the opinion of the directors, the cost of obtaining valuations is not justified.

ROINES ESTATES LIMITED (REGISTERED NUMBER: 00346968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


7. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Rental arrears and back rent 18,500 3,500
Recoverable insurance 11,055 6,056
Other debtors 25,000 -
Amounts owed by group
undertakings 232,443 393,443
Corporation tax 18,463 -
Rent free period adjustment 43,950 61,400
Prepayments 255 -
349,666 464,399

Amounts falling due after more than one year:
Loan - Mrs M J/Mr J P Hales 1,510 1,510
Loan - Mr P E Hales 1,500 1,500
3,010 3,010

Aggregate amounts 352,676 467,409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans 110,999 105,428
Corporation tax - 43,503
Social security and other taxes 4,090 4,090
VAT 22,027 22,210
Accrued expenses 14,177 76,994
Rent in advance 101,083 129,502
252,376 381,727

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Handelsbanken loan 1-5 years 28,662 139,661

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 139,661 245,089

The company's borrowings are secured by way of legal charges over the investment properties. The borrowings
will be fully repaid in May 2019.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end balances were due from Mr P E Hales and Mrs M J Hales in the sum of £1,500 and £1,510
respectively. At the previous year end balances were due from Mr P E Hales and Mr J P Hales in the sum of
£1,500 and £1,510 respectively. No interest is payable on these loans.